Ethena adopts fee-sharing proposal for ENA token
Now the protocol is working on a value accrual mechanism for ENA stakers. Go to Source
Stablecoins
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Tether mints $1 billion USDt on Tron, pays zero fees — Arkham
According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation. Go to Source
Tether introduces ‘Hadron’ real-world asset tokenization platform
The Tether-US dollar stablecoin’s market capitalization has topped $126 billion, as approximately $7 billion in new USDt was minted. Go to Source
Curve Finance launches ‘Savings crvUSD’ yield-bearing stablecoin
Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome. Go to Source
Crypto Kidnapping: Tourist Held Captive, Forced to Transfer $250K in USDT
A 23-year-old Ukrainian tourist in Phuket, Thailand, was kidnapped and forced to transfer $250,000 in USDT stablecoins (about 8.56 million baht) to two armed robbers. Viacheslav Leibov was threatened with violence until he complied with the robbers’ demands. Initially, the two robbers, an Armenian and a Ukrainian, demanded $500,000 in USDT but agreed to settle … Read more
Tether launches open-source wallet development kit for humans and AI
The WDK will enable developers to integrate non-custodial wallets for USDT and Bitcoin into any app, website or device. Go to Source
Canadian police praise Tether for ‘swift’ recovery of stolen funds
The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities. Go to Source
Tether swaps more than 2 billion USDT to the Ethereum network
The vast majority of Tether’s USDT volume exists on the Tron network due to comparatively lower fees and faster transaction finality. Go to Source
Global Dollar Network Launches: Crypto Titans Aim to Redefine Payments
A consortium of crypto and fintech giants is launching the Global Dollar Network for seamless cross-border payments. A New Frontier: Crypto Leaders Launch Global Dollar Network for Payments Leaders in fintech and digital assets announced Monday the launch of the Global Dollar Network, which they described as “an open network designed to accelerate stablecoin usage … Read more
Stablecoin supply alone won’t pump Bitcoin markets — Ki Young Ju
Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls. Go to Source