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Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June

The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, accordi...
Jul, 02, 2023
2 min read
by Bitcoin News
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months

Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months

Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New Y...
May, 31, 2023
3 min read
by Bitcoin News