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Curve Finance’s stablecoin grows 0.25% after $22m minted

Curve Finance's stablecoin grows 0.25% after $22m minted Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Curve Finance's newly launched algorithmic stablecoin, crvUSD, saw a 0.25% price increase in the last 24 hours, with the DeFi protocol minting more than $22 million worth of the dollar-pegged token. Data from blockchain explorer Etherscan shows that a contract deployed by Curve […]The post appeared first on Bitcoinmag.
$22 billion of stablecoins has fled exchanges in 5 months: A report into crypto's capital flight Takeaways The balance of stablecoins on exchanges is at a 2-year low In the last 5 months, over half the stablecoin balance on exchanges has flowed out, equivalent to $22.8 billion Treasury yields above 5% have given viable alternatives for investors, with capital fleeing stablecoins BUSD shutting down and USD Coin getting caught up […]The post appeared first on Bitcoinmag.
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