PayPal's PYUSD shrank $136 million in a day and $377 million since its October 27 peak
The PayPal dollar token lost 4.9% of its market value in 24 hours, CoinGecko data show, while Ripple's RLUSD and the Global Dollar held steady. Its price never left $1.
Sharks bought $36.4 million of RLUSD in a day. Over the week, whales sold $12 million net
Two wallets made 37 trades in Ripple's stablecoin in 24 hours. One of them, with $97 million on DeepSea, swaps it in blocks of up to $4.5 million.
A $100 million Ethereum shark traded $450 million in 30 days. Its profit: $26,100
Three quarters of the wallet sits in three dollar tokens. In four minutes from 12:30 a.m. ET it bought $340,000 of Ripple's RLUSD, sold $131,000 of LINK and made 18 buys of under $10 each.
$255 million in USDT left Asian exchanges in a week. Gold tokens, USDe and RLUSD moved in
DeepSea's weekly data shows Asian exchanges losing USDT and USDT0 while tokenized gold and smaller dollar tokens arrived. In the last 24 hours, one shark wallet traded $47.8 million of RLUSD on Ethereum.
What is the XRP Ledger? How XRP works with no mining, and what Ripple holds
The XRP Ledger has run since 2012 and settles a new ledger every 4 to 6 seconds without mining. XRP is its coin, Ripple is a company that does not own it but reported holding 37.66 billion XRP at midyear, and RLUSD is Ripple's stablecoin on it.
Asian exchanges lost $11.95 billion in three weeks, most of it USDT leaving Binance
DeepSea's data shows a steady stablecoin exodus from Asian exchanges starting September 28, weeks before Binance was hacked. Western exchanges barely moved, while smaller dollar tokens began to swing.
RLUSD's big week: a federal trust bank on Monday, an A2 Moody's rating on Tuesday
Ripple's $2.5 billion stablecoin won final OCC approval for a national trust bank to hold its reserves, then got an investment-grade A2 rating from Moody's a day later. It still trails PayPal's PYUSD.
Aave lets an outsider set the risk: Sentora opens the first curated V4 markets
Sentora, not Aave's usual risk providers, now picks the collateral and rules for three Ethereum lending markets on Aave V4. Users can borrow RLUSD, OUSD and PYUSD, and the DAO keeps half the revenue under Sentora's proposal.