Aave DAO Approves $12 Million Grant for Aave v4 Development by Aave Labs
TL;DR Aave v4 Development Grant: Aave’s governance has approved a $12 million grant for Aave Labs to develop Aave v4, a new version of the...
stablecoin
DAI Increases its Supply by 24% in Two Months: Which Are the Reasons?
TL;DR The supply of DAI has increased by 24% over the last two months, rising from 4.42 billion to 5.48 billion. The growing popularity of...
Circle’s USDC Surpasses Tether’s USDT: A Shift in Stablecoin Preference
TL;DR Circle’s USDC Surpasses USDT: In April 2024, Circle’s USDC saw 166.6 million transactions, surpassing Tether’s USDT’s 163.6 million transactions. Over the past week, USDC...
VISA’s Innovative Approach to Stablecoin Analytics
TL;DR Visa’s Dashboard: Aim to simplify stablecoin data by providing clear facts for four stablecoins across nine blockchains, helping compare them to traditional financial systems....
DAI Reaches a Historic Record of $240 Billion in On-Chain Transaction Volume
TL;DR DAI reached a historic record of $240 billion in on-chain transaction volume last week, surpassing the combined volume of other stablecoins. The surge occurred...
CryptoQuant’s Ki Young Ju Raises Concerns Over Ethena Labs’ BTC Move
TL;DR Ethena Labs’ Strategic Decision: Ethena Labs has decided to use Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe, to increase the product’s...
Tether Achieves ‘Gold Standard’ Security with SOC 2 Type 1 Audit Completion
TL;DR Tether’s Enhanced Security Measures: Tether, a leading cryptocurrency company, has completed a SOC 2 Type 1 audit, demonstrating that its IT systems meet high...
Cardano (ADA) Could Reach $5 in the Near Future
TL;DR Analyst Ben Armstrong suggests that ADA could reach $5 in an upcoming bullish trend, based on increasing public recognition. A key factor is the...
The U.S. Attorney’s Office in Massachusetts Pursues the ‘Pig Butchers’
TL;DR The U.S. Attorney’s Office in Massachusetts has initiated legal actions to recover cryptocurrencies linked to a fraud scheme called “pig butchering.” The aim is...
Tether Unveils Official Recovery Tool Amidst Market Cap Milestone
TL;DR Tether, the issuer of the world’s largest stablecoin USDT, has launched an official recovery tool to help users transfer their USDT holdings from unresponsive blockchains,...