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Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols


On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster...

Chinese Banks Bolster Digital Yuan Resources Prior to CBDC Debut


Major Chinese banks are beefing up their digital yuan capacities ahead of the imminent launch of the nation’s central bank digital currency (CBDC). Per the Securities Daily (via East Money), a number of the commercial banks that have already begun working with the central People’s Bank of China...

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