El CEO de FTX, Sam Bankman-Fried, hace una predicción de la 'guerra de las monedas estables' a medida que aumenta la capitalización de mercado de Binance USD (BUSD)

El CEO de FTX, Sam Bankman-Fried, tiene una predicción para los criptomercados, ya que dice que está comenzando a desarrollarse una "guerra de monedas estables". El multimillonario dice que la reciente conversión de la moneda USD de Circle (USDC) a su propio Binance USD (BUSD) por parte de la criptobolsa Binance marcó una nueva batalla entre las principales monedas estables de la industria.

Timeline of Binance-usd

The top four stablecoins — USDT, USDC, BUSD and DAI — recorded exponential growth throughout 2021 and the first three months of 2022, reaching a peak market cap of $160 billion. The post Research: Top 4 stablecoins gaining market dominance despite stagnant growth since May appeared first on CryptoSlate.

Binance USD (BUSD) market cap has been on the rise in the last 30 days thanks to its parent company's move to convert deposits of USDC, TUSD, and USDP into it for settlements on the exchange The post BUSD Supply Crosses $20B, Cuts Into USDC Market Share appeared first on BeInCrypto.

19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today's $44.93 billion. Statistics show that during the last three months, USDC's market valuation has dropped by more than 19%, shedding approximately $10.59 billion.

Stablecoins play a key role in the decentralized finance and broader cryptocurrency ecosystem, without a doubt. But the rivalry between USDT and USDC seems to have taken a different route.

Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole position in the category.

DeFi unsecured loan protocol TrueFi is trying to claw back funds from its debtors and recently issued a default notice to Blockwater. The post TrueFi Issues Default Notice to Blockwater for $3.4M BUSD Loan appeared first on BeInCrypto.

Earlier today, October 10, decentralized finance (DeFi) lending platform TrueFi issued a notice of default to Blockwater Technologies on missing a scheduled payment over its $3.4 million BUSD loan. Over the last week, the TrueFi credit group was trying to work out an out-of-court settlement.

India-focused crypto exchange WazirX will unlist three leading stablecoins — Circle's USDC, Paxos' USDP, and TrueUSD's TUSD — effective September 26. In a statement, the company said that users could withdraw their funds by October 5, after which these stablecoins will automatically be converted into BUSD.

While Binance is pushing for higher adoption and dominance of its stablecoin, it will be crucial to see how the exchange addresses hyper-centralization issues. The post Almost 94% of the Total Supply of Binance BUSD Held in Just Four Wallets appeared first on BeInCrypto.

Indian crypto exchange WazirX has announced the delisting of major stablecoins Tether (USDT), Pax Dollar (USDP), and True USD (TUSD). The post WazirX to Follow Binance in Converting Stablecoins to BUSD appeared first on BeInCrypto.