Binance clarified that BFUSD is a reward-bearing margin asset, not a stablecoin. The announcement triggered concerns, with many comparing BFUSD to the collapse of TerraUSD (UST). Binance has clarified the nature of its new asset, BFUSD, stating that
Sky, a decentralized finance (DeFi) lending and borrowing protocol formerly known as Maker, has officially launched its USDS stablecoin on the Solana blockchain. The implementation of USDS on Solana is made possible through Wormholeâs Native Token Tr
Binance clarified that BFUSD isnât a stablecoin amid comparisons to UST.
The exchange stablecoin ratio (ESR) is an on-chain metric that indicates the balance of liquidity between Bitcoin and stablecoins held on exchanges. The metric is calculated as the ratio of the total Bitcoin reserves to the total stablecoin reserves,
The crypto market has witnessed a significant influx of about $10 billion in new capital following President Donald Trumpâs victory in the US elections on Nov. 5. DeFiLlama data shows that Tetherâs USDT led the charge, rising $8 billion to a new reco
Binance has introduced a new stablecoin, BFUSD, with an annual percentage yield of 19.55%. The stablecoin is designed to appeal to crypto users seeking passive income. The total supply of BFUSD is capped at 20 million tokens, and the stablecoinâŚ
The so-called "reward-bearing margin asset for futures trading" will pay out nearly 20% APY returns to holders.
Over the past 14 days since Nov. 2, an eye-popping $9.736 billion has flowed into the stablecoin economy, adding to the $555 million boost recorded in October. Near Record Highs: Stablecoin Economy Grows Stablecoins have cemented their role as a powe
Ripple Labs could be exploring the launch of a dirham-backed stablecoin in the United Arab Emirates (UAE), expanding beyond its existing US-dollar-backed stablecoin, RLUSD. This speculation arises following Rippleâs newest blog post dated November 7,
Ripple plans to launch a Dirham-backed stablecoin in the UAE. The strategy may enhance Ripple's presence in regional markets. Continue Reading:Ripple Plans to Launch Dirham-Backed Stablecoin in the UAE The post Ripple Plans to Launch Dirham-Backed St
Issued by Paxos in Singapore, Global Dollar USDG aligns with upcoming MAS regulatory standards and sets itself apart from other stablecoins. Under USDGâs model, network participants are rewarded based on contributions to network connectivity and liqu
Robinhood, Kraken, and Paxos launch the Global Dollar Network with USDG, a compliant stablecoin offering yield incentives for adoption. The post Robinhood and Kraken launch new global stablecoin network with Paxosâs USDG appeared first on Crypto Brie
The Global Dollar Network aims for broader stablecoin adoption. Major financial players collaborate to introduce USDG stablecoin. Continue Reading:Leading Companies Collaborate to Launch Global Dollar Network Stablecoin The post Leading Companies Col
Over the weekend, governance members of stablecoin exchange Curve started voting on a new proposal to direct up to 10% of fees generated by borrows from Curveâs stablecoin crvUSD to a vault dedicated for those using crvUSD to save. The proposal is an
The worldâs largest stablecoin by market cap is reportedly potentially seeing a rise in adoption amongst sanctioned nations. Citing data from market intelligence platform Chainalysis, Bloomberg reports that stablecoin issuer Tetherâs USDT is seeing i
The USD-pegged stablecoin market has been experiencing steady growth for more than a year with numerous players considering a launch.
Paxos has launched its Global Dollar (USDG) stablecoin in Singapore, fully compliant with the Monetary Authority of Singapore's regulations, aiming to enhance enterprise adoption of stablecoins while ensuring robust liquidity and regulatory adherence
The new stablecoin is designed to be compliant with the upcoming regulatory framework from the Monetary Authority of Singapore.
Paxos launches USDG, a new stablecoin backed by U.S. dollar reserves. Continue Reading:Paxos Launches New Stablecoin USDG in Singapore The post Paxos Launches New Stablecoin USDG in Singapore appeared first on COINTURK NEWS.
Stablecoin issuer Paxos has announced a new token dubbed âGlobal Dollarâ that is âsubstantively compliant with MASâ upcoming stablecoin framework.â Digital assets company Paxos has launched a new stablecoin, Global Dollar (USDG), designed to meet str