Krisztian Sandor

Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously. Originally from Budapest, Hungary, he is now based in New York. He holds BTC and ETH.

Recent

Markets

Usdc

Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin

USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.

By Krisztian Sandor

Mar 30, 2023 at 11:13 p.m. UTC

Mar 30, 2023

USDCCircleUSDTTetherCurve FinanceDAIStablecoinsMarketsDeFi

Jeremy Allaire, chairman and CEO, Circle (CoinDesk)

Markets

USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High

Rival stablecoin tether (USDT) has reached its largest market share since May 2021 and now represents 60% of all stablecoins in circulation.

By Krisztian Sandor

Mar 29, 2023 at 9:44 p.m. UTC

Mar 29, 2023

MarketsStablecoinUSDCCircleJeremy AllaireTetherUSDTPaolo ArdoinoTradingInvestingTUSD

Maker founder Rune Christensen (CoinDesk/Original image by Trevor Jones)

Finance

Makerdao

Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan

The proposal sets a new foundation for the largest decentralized lending protocol’s major restructuring, called “Endgame.”

By Krisztian Sandor

Mar 27, 2023 at 5:34 p.m. UTC

Mar 27, 2023

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Circle is the issuer of USDC. (Sandali Handagama/CoinDesk)

Finance

Stablecoins

Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg

The decision follows a turbulent period during which USDC temporarily lost its dollar peg after key banking partner SVB collapsed.

By Krisztian Sandor

Mar 23, 2023 at 4:58 p.m. UTC

Mar 23, 2023

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Markets

Binance

Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head

Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.

By Krisztian Sandor

Mar 22, 2023 at 11:02 p.m. UTC

Mar 22, 2023

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Obligate is a fully regulated platform in Switzerland. (Stephen Leonardi/Unsplash)

Markets

Decentralized finance

Blockchain-Based Debt Protocol Obligate Records First Bond Issuance on Polygon Network

Swiss commodities trading firm Muff Trading AG issued corporate bonds using Obligate’s decentralized finance platform, which is set to open to the public on March 27.

By Krisztian Sandor

Mar 22, 2023 at 7:00 a.m. UTC

Mar 22, 2023

Decentralized FinanceDeFiTokenized AssetsPolygonBondsMarketsTradingInvestingInstitutional DeFi

Finance

Markets

Crypto Trading Firm Auros Secures $17M Investment as It Recovers From FTX Woes

Auros, the trading firm that lost $20 million in FTX’s implosion, was released from provisional liquidation by a British Virgin Island court after major debt restructuring and...

By Krisztian Sandor

Mar 21, 2023 at 12:42 a.m. UTC

Mar 21, 2023

MarketsTradingmarket makerinvestmentBit DigitalliquidationCourt CasesFTXFTX collapse

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Finance

Stablecoin

Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

Silicon Valley Bank, one of the reserve banking partners for Circle's USDC stablecoin, was shut down by regulators on Friday.

By Krisztian Sandor

Mar 11, 2023 at 3:52 a.m. UTC

Mar 11, 2023

StablecoinUSDCCircleSilicon valley bank

Markets

Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown

Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.

By Krisztian Sandor

Mar 11, 2023 at 1:01 a.m. UTC

Mar 11, 2023

MarketsStablecoinUSDCCircleNansenInvestingTrading

Markets

Stablecoin

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

By Krisztian Sandor

Mar 10, 2023 at 7:35 p.m. UTC

Mar 10, 2023

StablecoinCircleUSDCReservesMarketsTradingInvestingSilvergate BankSilicon valley bankSignature Bank