Tether Treasury Mints Another 2 Billion USDT on Ethereum Network
TL;DR Tether’s Treasury minted an additional 2 billion USDT on the Ethereum network to replenish inventory and boost liquidity, confirmed by CEO Paolo Ardoino. The...
stablecoin
TON Recovers After Pavel Durov’s Arrest
TL;DR The TON blockchain has seen a 20% increase in its stablecoin supply since the arrest of Pavel Durov, surpassing $700 million. Pavel Durov, after...
PayPal USD (PYUSD) Now Available on MoonPay for Global Transactions
TL;DR PayPal has launched its stablecoin, PYUSD, on MoonPay, allowing transactions with multiple payment methods in most countries, except Canada. This integration results from a...
Terra Luna Classic Rises Again: The Massive USTC Burn Boosts Token Value
TL;DR The Terra Luna Classic (LUNC) ecosystem is revitalizing with the approval of the proposal to burn 46,556,271 USTC, which has increased market interest. The...
Stablecoin Issuers Target North Korean Hackers
TL;DR Stablecoin Issuers Act Against Lazarus Group: Tether, Circle, Paxos, and Techteryx have frozen wallets linked to North Korea’s Lazarus Group, seizing nearly $7 million...
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 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...