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Bitfrost and Stacks Foundation Team up to Enhance Bitcoin Utility


In a recent development, the Bitfrost Foundation has allied with the Stacks Foundation to explore new opportunities within the Bitcoin ecosystem. This partnership is dedicated to harnessing Bitcoin’s potential by introducing innovative use cases and improving interoperability with assets...

Hong Kong Monetary Authority Launches Stablecoin Issuer Sandbox


On March 12, the Hong Kong Monetary Authority (HKMA) launched what is known as the stablecoin issuer sandbox arrangement. The HKMA stated that applicants interested in establishing a stablecoin business in Hong Kong should have a sound business plan. The regulator also clarified that admission into...

Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin


Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold...

Tether Launches On Celo Chain


Stablecoin leader Tether (USDT) has launched on the Celo blockchain, expanding its reach and targeting wider financial inclusion. Celo's mobile-first approach and diverse ecosystem offer new avenues for the popular stablecoin, potentially simplifying transactions and driving adoption in emerging...

Curve Finance Plans to Increase AMM Fee, But For Good Reasons


There is a new proposal to raise the Automated Market Maker (AMM) fee in LLAMMa (crvUSD), a liquidity pool, on Curve Finance, a leading decentralized exchange (DEX) popular for stablecoin swaps. The post Curve Finance Plans to Increase AMM Fee, But For Good Reasons appeared first on Cryptonews

Ethena’s USDE Yield Hits 67%, Outpacing Most Stablecoin Returns


According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has expanded significantly, increasing by 414.6% in...

Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets


Tether, the issuer of the world's largest stablecoin by market cap, USDT, is collaborating with the National Agency of Perspective Projects (NAPP) of Uzbekistan. NAPP is tasked with crypto regulation in the country. The post Tether, NAPP of Uzbekistan Sign MoU to Explore Blockchain, Digital Assets...

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