synthetic dollar – DIGIT INFO

Aave proposal to peg Ethena’s USDe to USDT sparks community pushback

DIGIT — Sat, 04 Jan 2025 10:57:51 +0000

The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.

Ethena, Securitize join race for Spark’s $1B liquidity with USDtb

DIGIT — Fri, 29 Nov 2024 18:04:41 +0000

Ethena Labs has officially submitted a proposal to include its upcoming stablecoin, USDtb, in Spark’s liquidity competition.

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Arthur Hayes predicts short-term market crash on rate cuts: Token2049

DIGIT — Wed, 18 Sep 2024 09:25:25 +0000

BitMEX co-founder Arthur Hayes disclosed significant holdings in Ether, Ethena and Pendle, expressing confidence about the next ETH bull market.

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Elixir’s Yield-Bearing DEUSD Stablecoin Sees 12,071% Growth in 24 Hours

DIGIT — Thu, 08 Aug 2024 17:46:12 +0000

Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million. Yield-Bearing Stablecoins Continue to Rise In the midst of the rising popularity of […]

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Ethena Labs’ USDe launches as margin collateral on Bybit with 20% APR

DIGIT — Fri, 02 Aug 2024 10:10:24 +0000

The integration will also offer Bybit users daily airdrop rewards for holding Ethena’s USDe.

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Hermetica Introduces Bitcoin-Backed Synthetic Dollar on Bitcoin L1

DIGIT — Tue, 16 Jul 2024 19:10:32 +0000

Bitcoin-based decentralized finance (defi) protocol Hermetica has launched its BTC-backed synthetic dollar, USDH, on Bitcoin’s layer one (L1) through the Runes protocol. The company also announced plans to scale its Bitcoin-native defi operations using layer two (L2) solutions like Stacks. Hermetica Launches BTC-Backed Stablecoin USDH Hermetica‘s USDH offers Bitcoin holders a new way to maintain […]

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Tether launches gold-backed, US dollar stablecoin Alloy

DIGIT — Mon, 17 Jun 2024 18:30:00 +0000

The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.

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Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

DIGIT — Wed, 03 Aug 2022 21:00:01 +0000

On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic dollar pegged to […]

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