Trader takes $4m short position on TrueUSD as issuer halts mints and redemptions
An Ethereum user used Aave's V2 lending platform by depositing 7.5 million USDC as collateral.
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Binance withdrawals and BUSD redemptions surge post Paxos crackdown
Net outflows at the cryptocurrency exchange hit $788 million over the last 24 hours, however, Binance told Cointelegraph that "Funds are SAFU."
Major stablecoins destabilized as market volatility and redemptions surge
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.
PAX Streamlines Redemptions in Battle for Stablecoin Market Share
Paxos is doubling down on a traditional approach to crypto custody and enabling instant stablecoin redemptions.