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Stablecoins like USDC aim to maintain a 1:1 peg to fiat currencies like the US dollar. To ensure redeemability and maintain trust, stablecoin issuers like Circle conduct regular attestations and audits of their reserves. Evaluating the quality and reliability of these attestations and audits is crucial for assessing the
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The stablecoin USDC has become a popular option for cryptocurrency investors and traders looking to avoid the volatility of coins like Bitcoin and Ethereum. As a stablecoin, USDC is designed to maintain a 1:1 peg with the US dollar, meaning each USDC token is intended to be worth exactly
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Stablecoins have become an integral part of the cryptocurrency ecosystem, providing traders and investors with a way to hedge against volatility. As the second largest stablecoin by market capitalization, USDC has firmly established itself as a go-to stable asset. But what drives the supply of USDC? In this article, we’
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Stablecoins have become an integral part of the cryptocurrency ecosystem, providing traders and investors with a way to hedge against volatility. As the market matures, more fiat-backed stablecoins like USD Coin (USDC), Binance USD (BUSD), Paxos Standard (PAX), Gemini Dollar (GUSD), and USDP have emerged, offering stability through reserves of
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The adoption of USD Coin (USDC) has been rapidly increasing in recent years within cryptocurrency markets. USDC is a stablecoin cryptocurrency whose value is pegged to the U.S. dollar. As cryptocurrencies become more mainstream, stablecoins like USDC are being utilized for payments, trading, and lending across digital asset platforms
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In the rapidly evolving world of cryptocurrency, stablecoins have become an essential part of the ecosystem. Serving as a bridge between fiat currencies and digital assets, stablecoins aim to provide price stability amidst the volatility of the crypto markets. Of the many stablecoins available today, USDC has emerged as a
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Cryptocurrencies have exploded in popularity in recent years, but their extreme volatility often hinders their use as a medium of exchange. Stablecoins aim to solve this problem by pegging their value to an external asset, like fiat currencies. One such stablecoin that has gained significant traction is USD Coin (USDC)
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Algorand's ALGO token saw a minor 0.63% price increase over the last hour to $0.09303, according to data from September 2, 2023. This comes after a 0.79% decline over the previous 24 hours and a 3.12% drop over the past 7 days. The token
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XinFin XDC, the native token of the XinFin hybrid blockchain network, saw its price increase 2.82% over the past 24 hours to $0.05584. With a market capitalization of $774 million, XDC ranks among the top 100 cryptocurrencies by market cap. This price surge comes after a period of
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The Graph's GRT token has seen a 2.57% price decline over the past 24 hours, with its value decreasing from $0.08821 to $0.08593 as of Saturday, September 2, 2023. This price drop brings The Graph's market capitalization down to $788.36 million. In
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AAVE, the native token of the Aave lending protocol, experienced a slight 0.27% price decline over the past hour, dropping to $54.58. This continues AAVE's downward trajectory, with the token losing 1.20% over the last 24 hours. Zooming out, AAVE is down 4.45% over
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BitDAO's BIT token has seen a slight decline over the past day, dropping 2.90% to $0.4416 according to the latest market data. With a market capitalization of $828.36 million, BitDAO remains one of the top decentralized autonomous organizations (DAOs) in the cryptocurrency sector. In this
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The price of Optimism's OP token saw a minor 0.39% increase over the past hour to $1.33, according to the latest market data. While not a huge surge, this move upwards provides an opportunity to analyze Optimism's recent price action and explore what may
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NEAR Protocol's NEAR token has seen a 2.24% price drop over the past 24 hours, with the coin now trading at $1.13. This decline comes after a longer downtrend for NEAR, which has fallen 6.38% over the past week and 19.55% over the past
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VeChain's VET token has seen a 0.44% price decline over the past 24 hours, with the price decreasing from $0.01573 to $0.01566. Though a minor daily decline, this caps off a longer downtrend for VET, which is down 16.39% over the past month. In
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The price of Maker's MKR token has declined 1.46% over the past 24 hours to $1,143.62, according to the latest market data. With a market capitalization of $1.13 billion, Maker remains one of the top decentralized finance (DeFi) projects, but its near-term price action