DYAD Stablecoin Protocol Sees Explosive Growth in TVL
TL;DR Explosive TVL Growth: DYAD’s total value locked (TVL) surged over 950% in one month, from $3.3 million on August 5 to a record $35...
stablecoin
Stablecoin Market Cap Hits Record $168 Billion
TL;DR Record Milestone: The stablecoin market cap has reached a historic $168 billion, marking 11 consecutive months of growth and surpassing the previous peak of...
PayPal’s U.S. Dollar-Pegged Stablecoin Supply on Solana Surpasses Ethereum
TL;DR Solana Surpasses Ethereum in PYUSD Supply: The supply of PayPal’s U.S. dollar-pegged stablecoin (PYUSD) on Solana has exceeded 377 million, surpassing the 356 million...
Gyroscope Launches Yield-Generating Stablecoin to Attract DAO Treasuries
TL;DR Gyroscope’s New Stablecoin: Gyroscope has launched “Savings GYD” (sGYD), a yield-generating stablecoin backed by Galaxy, offering DAOs an annualized yield of 12%-15%. Revenue and...
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...
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...