NFT News Daily TheBittimes.com

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization. The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new report says. Cryptocurrency analytics platform CCData released a report on July 20 saying the stablecoin market cap fell 0.82% from the start of the month until July 17, taking the sector's market cap to $127 billion. Stablecoin market dominance took a slight fall and is currently at 10.3%, dropping from 10.5% in June. Our latest Stablecoins & CBDCs Report is now live! Key Highlights: ️16-month fall in stablecoin market cap, now at $127bn ️ $USDT at $0.73, $USDC at $0.82 on #Binance.US ️ $USDP's largest cap drop since 2020, now at $593mn Full Report https://t.co/A9rFx6pbJx — CCData (@CCData_io) July 20, 2023 Of the top ten stablecoins, Pax Dollar (USDP) was hit hardest, falling 43.1% to $56...

Coinbase has recently announced in one of their recent tweets that the exchange is planning to suspend the trading of Binance USD ( BUSD ). The exchange mentioned that trading will be suspended on March 13, 2023, at or around 12:00 p.m. EST. Also read: With Bitcoin (BTC) Exhibiting Double-Digit Gains, Could it Cross $27K? The exchange has kept its word and has officially disabled trading for USD at 12:00 PM ET. We have disabled trading for Binance USD ( BUSD ). Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time. https://t.co/jfpCZX7UTC — Coinbase Assets (@CoinbaseAssets) March 13, 2023 Coinbase officially disables BUSD trading According to the tweet’s details, trading for basic and advanced trades, Coinbase Pro, exchange, and Prime will all be suspended on Coinbase.com. The exchange, however, stated that the BUSD funds will be available and can be withdrawn a...