USDC Backing Maker’s Stablecoin DAI Plummets to 23%
The decentralized stablecoin DAI is undergoing a massive shift as MakerDAO reduces USDC exposure and opts for U.S. Treasury bills.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Circle renews Coinbase deal creating two ways to challenge Coinbase’s USDC payouts, but neither works quickly
Circle's renewed agreement with Coinbase preserves the existing economics around USDC for another three-year term and, starting Au...
Tether has publicly listed a company that partially controls USDS
Tether invested $134 million in failing biopharmaceutical firm NovaBay in March, turning it into a stablecoin holding company. The...
Kyriba integrates USDC for enhanced treasury management
Kyriba's USDC integration signifies a shift towards real-time financial operations, enhancing liquidity management and acceleratin...
Fireblocks Network for Payments processes over $100B monthly in stablecoin transactions
Fireblocks' streamlined stablecoin network could accelerate global financial integration, reducing friction in cross-border transa...
Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses
Centralized crypto exchanges lost 31.2% of their spot crypto trading volume in July, falling to $727 billion and marking the lowes...
Bitcoin Hits $70,000 as Trump Pushes CLARITY Act, Hyperliquid Surges and $1.4 Billion in Shorts Get Wiped Out
By late trading, Bitcoin was changing hands around $69,200, up approximately 7% over 24 hours after starting the session near $64,...