On October 11, an unknown trader exchanged $131,350 in the coin for less than 0.0001 USDC amid the loss of the stablecoin Real USD (USDR) peg. Someone swapped 130,000 $USDR for 0.0001 $USDC DIRECT pic.twitter.com/YPjcUC4vzS — Rekt Fencer (@rektfencer) October 11, 2023 In addition, he paid a transaction fee of 0.0012 BNB ($0.25). On October … Read more
The real estate-backed stablecoin Real USD (USDR) has lost its peg. The asset price fell by 50%. Before the incident, the capitalization of the coin issued by TangibleDAO was about $45 million, and the rate was kept at the target level. However, on Wednesday, October 11, the USDR suddenly fell in price by about half. … Read more
Infrastructure company Paxos is working on other stablecoin projects like PayPal’s PYUSD. About it live CoinDesk TV said Walter Hessert, head of strategy at the firm. On August 7, the payments giant launched a “stablecoin” issued by Paxos. Hessert did not directly answer the question of whether the company has contacted Elon Musk and the … Read more
PayPal has been flirting with cryptocurrencies since 2020, allowing its users to buy, sell, and make payments using several tokens, including, for example, Bitcoin. It is actively entering the world of cryptocurrencies only now, when it launches its own stablecoin. Stablecoin is quite different from classic cryptocurrencies such as Bitcoin or Ethereum. It is tied … Read more