Top crypto tweets of the day – June 2nd

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  TL;DR Breakdown DAI has surpassed BUSD to become the third-largest stablecoin by market capitalization. DAI’s unique features, including over-collateralization and redemption mechanisms, have contributed to its rise. Regulatory challenges have impacted BUSD’s market capitalization, while DAI continues to gain prominence in the stablecoin market. Description MakerDAO’s DAI has surpassed Binance USD (BUSD) to become the third-largest stablecoin by market capitalization. With a current market valuation of approximately $4.394 billion, DAI has now taken the coveted position, while BUSD’s market capitalization stands at around $4.609 billion at the time of writing. BUSD’s previous position as the third-largest stablecoin resulted from Terra … Read more MakerDAO’s DAI has surpassed Binance USD (BUSD) to become the third-largest stablecoin by market capitalization. With a current market valuation of approximately $4.394 billion, DAI has now taken the coveted position, while BUSD’s market capitalization stands at around $4.609 billion at the time of writing. BUSD’s previous position as the third-largest stablecoin resulted from Terra USD’s (UST) decoupling from its $1 parity in May 2022, leading to a significant decline in Terra UST’s value. However, recent developments…

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• Coinbase to halt USDT trading for Canadian users- here is what you need to know

  TL;DR Breakdown Coinbase has recently announced its decision to suspend trading of certain stablecoins for Canadian users starting from August 31. Despite the suspension of trading, Canadian users will still retain the ability to deposit and withdraw these stablecoins even after the specified deadline. Description Coinbase, a prominent cryptocurrency exchange, has recently announced its decision to suspend trading of certain stablecoins for Canadian users starting from August 31. This development comes as part of Coinbase’s ongoing efforts to ensure that the assets listed on its platform align with its stringent listing standards. In an email notice circulated on August 17, … Read more Coinbase, a prominent cryptocurrency exchange, has recently announced its decision to suspend trading of certain stablecoins for Canadian users starting from August 31. This development comes as part of Coinbase’s ongoing efforts to ensure that the assets listed on its platform align with its stringent listing standards. In an email notice circulated on August 17, the exchange informed its users about the impending suspension of trading activities involving Tether (USDT), DAI, and RAI stablecoins in Canada. The…

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• Europe to stop Twitter and Tiktok from advertising crypto

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• Nigeria’s President-elect Bola Ahmed Tinubu criticizes central bank’s interest policy and announces key economic decisio

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• Sam Altman claims Worldcoin onboarding 1 user every 8 seconds despite skepticism and waning interest

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