Tron becomes the 3rd-largest DeFi blockchain due to new algorithmic stablecoin USDD

    Launched in 2018, Tron is now DeFi’s third-largest blockchain in terms of total value locked (TVL). Tron’s DeFi activity saw a sharp spike after the launch of its algorithmic stablecoin USDD, promising more than 20% per year returns. Currently, the TVL across Tron’s nine different apps stands at $5.9 billion, up 44% over the past…

    $10 billion worth of Tether was redeemed since the crypto crash

    Tether (USDT), the multibillion-dollar stablecoin. has paid out $10 billion in withdrawals since the crypto crash started in early May. The pace of withdrawals means the company is effectively dealing with a slow-motion bank run, as depositors seek to move their cash to more heavily regulated stablecoins. According to public blockchain data, $1 billion USDT…

    Major Stablecoin Debacle. Part 2

    This past week will surely go down in the history of cryptocurrencies as the point that marked a major shift in attitudes towards stablecoins. On the one hand, it became clear that algorithmic stablecoins did not live up to expectations. On the other, authorities all across the world got a reason to regulate this segment…

    Major Stablecoin Debacle. Part 1

    This past week will surely go down in the history of cryptocurrencies as the point that marked a major shift in attitudes towards stablecoins. On the one hand, it became clear that algorithmic stablecoins did not live up to expectations. On the other, authorities all across the world got a reason to regulate this segment…

    Let’s Imagine: Crypto Assets of the Future

    Plot twist: well-known economist and crypto-skeptic Nouriel Roubini is developing his own crypto asset. He set out to find a form of integration between cryptocurrencies and the real economy, and his vision seems quite intriguing. The great thing about the crypto industry is the amount of creativity involved, particularly with all new types of assets…

    Algorithmic Stablecoins – a New Crypto Trend

    The ubiquitous USDT and USDC stablecoins seem to be facing more and more aggressive young challengers. So let’s take a look at the so-called algorithmic stablecoins, as well as stablecoins backed exclusively by cryptocurrencies, to try and understand the situation in the market. The introduction of the Tron network’s USDD on May 5 was an…