This week, the Ethereum Foundation decided to mix things up, cashing out 1,000 ether for stablecoins through Cowswap to bankroll research, development, and grants. The foundation pulled off the swaps over the past day, slicing the conversions into four clean, calculated transactions. Ethereum Foundation Turns $4.46M in ETH Into Stablecoins On Friday, the Ethereum Foundation […]
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The stablecoin is also more widely distributed across blockchain networks.
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The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
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Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.
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Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
]]>Stablecoin on-chain volumes saw significant movement on November 4th, with $DAI taking the lead at $22.4 billion—surpassing $USDC’s $9.37 billion and $USDT’s $7.39 billion. This impressive volume suggests a possible rise in DeFi activity or an emerging shift in user preference toward decentralized assets like DAI. In contrast, USDC and USDT held steady, reinforcing their indispensable role in the crypto ecosystem. Smaller stablecoins such as $USDE and $FDUSD lagged behind, with volumes of $160 million and $230 million, respectively. 
Stablecoin On-Chain Volume Analysis On Nov 4th, $DAI led the pack with a massive $22.4B on-chain volume, outpacing $USDC
The post DAI Leads Stablecoin Volumes As DeFi Signals Potential For New Growth Phase appeared first on The Merkle News.
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It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since […]
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Truflation’s team said that no customer funds were stolen in the security breach.
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In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than […]
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Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed […]
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