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Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court
4.9.2024
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen
Aave, Sky float partnership to bridge DeFi, TradFi
3.9.2024
The plan would create markets for DAI-replacement USDS on Aave
Aave, Sky float partnership to bridge DeFi, TradFi
3.9.2024
The plan would create markets for DAI-replacement USDS on Aave
USDE Drops to 5th Place Among Stablecoins as FDUSD Jumps Ahead
3.9.2024
Current stablecoin metrics show that USDE, the popular yield-bearing stablecoin, has slipped to fifth place among the top U.S. dollar-pegged tokens by market capitalization. Over the past three days, Ethena’s USDE supply has decreased by 130 million, pushing First Digital’s FDUSD into the fourth...
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
2.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after...
Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam
31.8.2024
A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina involved stablecoins during Q1 and Q2, as these...
Ethena’s USDE Sees Market Cap Shrink by $770M in Less Than 2 Months
30.8.2024
Based on the latest data, Ethena’s yield-generating stablecoin, USDE, has experienced a dramatic contraction in supply since July 4, 2024. Over the span of less than two months, its market capitalization has decreased by $770 million. Ethena’s USDE Supply Plummets as Competition Heats Up From Aug....
Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report
30.8.2024
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit
Are we moving to decentralization? Animoca’s Yat Siu thinks so
30.8.2024
In a recent podcast, Yat Siu discusses how Web3 and digital property rights will redefine the internet’s future
Ex-Square, Coinbase execs raise $58M for Bridge stablecoin network
30.8.2024
Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards
Stables Money onboards Coins.ph's Philippine peso stablecoin
29.8.2024
Stables Money already has a chunk of the $35 billion Philippine remittance market and will upgrade service with the new stablecoin
BNB Chain to grow stablecoin ecosystem with new cross-chain bridge
28.8.2024
BNB Chain will also create a liquidity pool to allow transfers from other chains as part of its efforts to grow its stablecoin ecosystem.
Maker, now Sky’s, new stablecoin lashed over ‘freeze function’
28.8.2024
The new USDS stablecoin from Maker, now Sky, has a freeze function which the project's founder claims won't be part of the token at launch
Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial Stablecoin Change
27.8.2024
MakerDAO co-founder Rune Christensen said the feature won't be live when the USDS token goes live and the old DAI token will remain in circulation unchanged
Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token
27.8.2024
The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for...
Maker DeFi lending protocol rebrands to Sky ahead of USDS stablecoin launch
27.8.2024
Maker is also rebranding the world’s largest decentralized stablecoin ahead of the launch of its governance token, SKY
MakerDAO Is Now 'Sky' as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token
27.8.2024
The driving motivation behind the changes was "how to scale DeFi to gigantic size" and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk
PayPal's PYUSD stablecoin hits $1B market cap
26.8.2024
PYUSD competes with rivals such as Circle’s USDC and Tether's USDT
PayPal’s PYUSD stablecoin hits $1B market cap
26.8.2024
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT
PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana
26.8.2024
The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth