{"id":19342,"date":"2025-03-27T11:17:13","date_gmt":"2025-03-27T11:17:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19342"},"modified":"2025-03-27T11:17:13","modified_gmt":"2025-03-27T11:17:13","slug":"defi-and-stablecoin-crypto-updates-nostra-pauses-borrowing-usdc-hits-japan-bullish","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19342","title":{"rendered":"DeFi and Stablecoin Crypto Updates: Nostra Pauses Borrowing, USDC Hits Japan, Bullish?"},"content":{"rendered":"<div>\n<p>DeFi crypto-based lending protocol Nostra pauses all borrowings against two tokens. xSTRK and sSTRK spiked 3 times their actual price, which resulted in freezing new collateral deposits. Nostra platform urges their users to exit all positions before things get worse.<\/p>\n<p>Meanwhile, crypto-based firm Circle, which issues <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke-width: 0.65 !important;\n    }<\/p>\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"usdc-usd-coin\" id=\"coin_widget_id_67e52f7fa0bbc\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"usdc-usd-coin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background:#efefef;\"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"usdc-usd-coin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"usdc-usd-coin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p>, is entering the Japanese crypto world. This news is very bullish. Japan is one of the biggest economies per GDP in the world, and this means fresh money gonna enter crypto.<\/p>\n<h2>What happened with Nostra, and why is this good?<\/h2>\n<p>A crypto price feed error occurred within Nostra, a DeFi crypto lending protocol on Starknet. Prices for xSTRk and sSTRK, which are derivatives of Starknet\u2019s native STRK token, went three times higher. This resulted in misclassifying some of the borrowing positions as riskier than they were and halting all borrowings. That being said, this means they can be liquidated, and people can lose their assets.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/26a0.png\" alt=\"\u26a0\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><a href=\"https:\/\/twitter.com\/hashtag\/Nostra?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Nostra<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#DeFi<\/a> lending platform paused its lending services <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f4c9.png\" alt=\"\ud83d\udcc9\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> due to a price oracle error <a href=\"https:\/\/twitter.com\/nostrafinance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@nostrafinance<\/a> <\/p>\n<p>where the price of <a href=\"https:\/\/twitter.com\/search?q=%24xSTRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$xSTRK<\/a> and <a href=\"https:\/\/twitter.com\/search?q=%24sSTRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$sSTRK<\/a> was inflated by around 3x<\/p>\n<p>This could lead to unnecessary liquidation risks . The platform advises users to withdraw assets\u2026 <a href=\"https:\/\/t.co\/9cXjRUxo6F\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/9cXjRUxo6F<\/a><\/p>\n<p>\u2014 ShadowCipher (@ShadowCipher_) <a href=\"https:\/\/twitter.com\/ShadowCipher_\/status\/1904556381203575030?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 25, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, the Nostra platform reacted quickly and warned borrowers to withdraw their funds before things worsened. This mismatch in price could have triggered forced liquidations.<\/p>\n<p>The root of the problem lies in the price feed source that they had. Because there was no secondary Oracle service, the team had no backup feed source that could fix the problem. Undoubtedly, Nostra team acknowledged that safety is the number one priority and a reliable alternative should be made.<\/p>\n<p>Nostra is one of the prominent DeFi crypto projects that is built upon the Starknet ecosystem. Additionally, Starknet is L2 zero-knowledge proof project built on the Ethereum blockchain. The total value locked (TVL) of Nostra is valued around $55 million; Starknet TVL sits around ~$575 million.<\/p>\n<p><iframe loading=\"lazy\" title=\"Get Ready for Starknet with Nostra Finance and Starknet ID\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/lvxdrvTNfvM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>The way Nostra protocol works is that you can deposit Ether or Stablecoin like USDC or USDT as collateral and, on the other hand, receive a loan. Then,\u00a0 borrow supported assets (usually stablecoins) on their protocol. One thing that they did recently was create their own stablecoin UNO. You can borrow native stablecoin, which is optimized for use across Starknet dapps. Furthermore, if the value of your collateral drops too much, there is a risk that your position will be liquidated.<\/p>\n<p>Although this looks like something bad, we can see this is a huge step in improving security and transparency.<\/p>\n<p><strong>DISCOVER:<\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><strong>Best New Cryptocurrencies to Invest in 2025<\/strong><\/a><\/p>\n<h2>Circle entering Japan Crypto market<\/h2>\n<p>USDC crypto stablecoin is entering Japan crypto market. After Circle\u2019s stablecoin gets recognized by MiCA regulations in Europe, they focused on another market. Japan\u2019s Financial Services Agency (FSA) approved <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/guides-and-tutorials\/how-to-buy-usd-coin\/\" target=\"_blank\" rel=\"noopener\">USDC<\/a> to be the first dollar-backed stablecoin authorized for use in Japan.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Licensed exchanges will be listing USDC and stablecoins finally in Japan. <a href=\"https:\/\/t.co\/HGXwgbbl13\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/HGXwgbbl13<\/a><\/p>\n<p>\u2014 hisashi.sol | Superteam Japan (@leomarudesu) <a href=\"https:\/\/twitter.com\/leomarudesu\/status\/1897478241868505512?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The launch would be made through a strategic partnership with SBI Holdings. They are a big Japanese financial conglomerate. SBI VC Trade, which is a subsidiary of SBI Holdings, will launch USDC on March 26, 2025. Furthermore, all major crypto exchanges like Binance Japan, Bitbank, etc., committed to listing and distributing USDC.<\/p>\n<p>Circle\u2019s CEO, Jeremy Allaire, highlighted Japan\u2019s adoption of blockchain technology and the evolution of the country\u2019s digital economy. He pointed out the clear regulatory frameworks for stablecoins in Japan and USDC\u2019s position as a secure and transparent digital dollar.<\/p>\n<p>Without a doubt, this is a strategic partnership that will open new doors for both parties. Giving the crypto world a new field to shine.<\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener\">Top Solana Meme Coins to Buy in<\/a><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener\"> Ma<\/a><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\">rch<\/a><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\"> 2025<\/a><\/strong><\/p>\n<p><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Nostra platform halting all borrowings, how this is going to affect Starknet?    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        USDC crypto market move to Japan: is it going to pump crypto price DeFi ?     <\/li>\n<\/p><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/defi-and-stablecoin-crypto-updates-nostra-pauses-borrowing-usdc-hits-japan-bullish\/\">DeFi and Stablecoin Crypto Updates: Nostra Pauses Borrowing, USDC Hits Japan, Bullish?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DeFi crypto-based lending protocol Nostra pauses all borrowings against two tokens. xSTRK and sSTRK spiked 3 times their actual price, which resulted in freezing new collateral deposits. Nostra platform urges their users to exit all positions before things get worse. Meanwhile, crypto-based firm Circle, which issues Price Volume in 24h Price 7d , is entering [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19342","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19342"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19342\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}