While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively.
Category: Binance USD
Paxos Standard Presents Assets Backing Its StablecoinsPaxos Standard Presents Assets Backing Its Stablecoins
Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and
Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 BillionStablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in