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In a recent report, Visa highlighted that the global on-chain lending market is rapidly expanding, having reached $51.7 billion in monthly volume with over 81,000 active borrowers.In a tweet, Visa Head of Crypto Cuy Sheffield echoes Visa Founder Dee Hock's statement that the "real revolution is not …
DeFi lender Venus Protocol announced that it had officially returned stolen assets to the victim of a phishing exploit last week."After conducting diligence checks … We have officially returned @KuanSun1990's positions worth $11.4M at today’s token prices," the protocol said in a post on social medi…
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed.Growth Forecast DetailsAccordin…
[PRESS RELEASE – Grand Cayman, Cayman Islands, November 20th, 2024] FDUSD becomes the second native stablecoin on Sui following USDC’s landmark deployment in early October Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs, the c…
First Digital Labs integrates FDUSD stablecoin into the Solana network. The move aims to provide faster transactions and lower fees. Continue Reading:First Digital Labs Expands FDUSD Stablecoin to Solana Network The post First Digital Labs Expands FDUSD Stablecoin to Solana Network appeared first on…
First Digital Labs has announced the expansion of its FDUSD stablecoin onto the Solana blockchain, aiming to bring faster, lower-cost transactions to users worldwide. The announcement was made during Binance Blockchain Week, underscoring First Digital’s strategy to increase the utility of FDUSD acro…