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Amidst the rollercoaster of cryptocurrency prices, stablecoins promise stability. Yet, with varying levels of resilience and recent depegging events causing concern, the question arises: Are all stablecoins really that stable? In the ever-changing world of digital assets, cryptocurrencies like Bitcoin (BTC) were pioneering, bringing decentralization into the spotlight. However, the potential of these initial cryptocurrencies has often been clouded by their stark volatility. This is where stablecoins come in. They aim to bridge the gap by pegging their value to more stable assets like the U.S. dollar or gold, promising a blend of stability and reliability in a turbulent market. Not all stablecoins are equally stable. Some are better at handling the ups and downs of the crypto market, while others can be risky. Crypto.news talked to experts to understand how such crypto assets behave and how to invest in stablecoins more effectively. You might also like: Stablecoins: why they...

Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar. The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors to save a total of more than $100 million off their loans. Following the collapse of Silicon Valley Bank (SVB) on March 10, the USD Coin (USDC) price dropped to lows of $0.87 on March 11 amid concerns about its reserves being locked at SVB. MakerDAO’s stablecoin DAI also depegged briefly, going as low as $0.88 on March 11, according to CoinGecko. The USDC price briefly dropped to lows of $0.87 on March. 11. Source: Cointelegraph The depegging, in the backdrop of broader crypto turmoil, led to more than $2 billion in loan repayments on March 11 on decentralized (DeFi) lending protocols Aave and Compound — with more than half made in USDC, according to a report by digital assets data provider Kaiko.  Another $500 milli...

Towards the end of January, Watcher Guru reported that Visa may integrate blockchain-powered solutions into its services to bolster the next generation of payments. The credit card giant’s executive Alfred F. Kelly revealed that the company believes that Stablecoins and CBDCs could play a meaningful role in the payments division. He also briefly unveiled that Visa has “a number of initiatives” underway. Read More: Visa Has “A Number Of” CBDC, Stablecoin Initiatives Underway: CEO According to reports, Visa is already testing how to accept payments and payout on Ethereum via stablecoin USDC. Cuy Sheffield, Vice President, Head of Crypto at Visa highlighted that the transactions were “large value settlement payments.” He reportedly added, “That’s been one of the areas where we want to build muscle memory. The same way that we can convert between dollars in euros on a cross-border transaction, we should be able to convert be...