5 Most Popular USD Pegged StableCoins in the Cryptoverse

What is StableCoin? Stablecoins are cryptocurrencies designed to minimize the volatility danger of the notoriously unstable Crypto market. In theory, a stablecoin can be pegged to a cryptocurrency, fiat money, or exchange-traded commodities (such as precious metals or industrial metals). Since the advent of USDT - Tether in 2015, traders have felt a greater sense of safety from the market's constant volatility. Stablecoins today are blockchain-based and usually tied to traditional assets, currencies, or a basket of assets and currencies.…

Huobi Treasury Minted 4.2 Million Stablecoin Today

Huobi continues to issue more of its stablecoin. Today, 04/20, Huobi’s stablecoin minted another 4.2 million HUSD. Whale Alert reported that the stablecoin was issued earlier today: “4,200,000 #HUSD (4,200,000 USD) minted at HUSD Treasury Tx: https://whale-alert.io/transaction/ethereum/b271523007cd8bc5cc1aa9779318dd331e193bfb5a0dee2a345cb8133d6575d6” Based on today’s date, it seems it is not a coincidence that it minted such an amount of stablecoin. The $4.2M stablecoin was issued in honor of today’s little ‘holiday.’ Huobi’s stablecoin has been kind of quiet for some time, but it once again started…

Binance KR Debuts In South Korea Amid Plans of Binance Acquiring CoinMarketCap

Binance enters the Korean market with Binance KR, a trading platform deploying Binance Cloud Following the launch on April 1, users will be allowed to register and deposit digital assets such as BTC, ETH, BNB, and BKRW  Binance continues accusation spree with a nearly finalized deal to acquire digital currency data aggregator CoinMarketCap  On March 31, 2020, Binance exchange revealed plans to launch Binance KR, a cryptocurrency exchange platform, to serve the Korean users on April 2, 2020. User registration…

Stablecoins Surge in Market Share Amid Crypto Market Crumble

Crypto stablecoins present an efficient and easy way of managing crypto volatility. Volatility in the crypto market is often regarded as the boon and bane of crypto trading. While on the one hand, it allows traders to accumulate substantial profits, it can cause significant losses to crypto traders or even lead to missing a perfect opportunity to trade. Stablecoins function to cushion investors from intense volatility witnessed in the crypto market by providing a less volatile means to employ in…

Binance.US Lists TEZOS in The Ongoing Crypto Market Crisis

TEZOS was eyeing a possible parabolic Bull Run before the crypto market crash. On March 15, 2020, Binance US announced TEZOS (XTZ) as their latest listing in more than two weeks, for the trading pairs, XTZ/USD and XTZ/BUSD that will open on March 16 from 0900h EST or 0600h PST. Binance. US users can immediately start USD, BUSD or XTZ deposits into their wallets ahead of live trading time, which will also enable withdrawals. The exchange has also integrated several…