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PayPal is launching the PYUSD Savings Vault on decentralized lending platform Spark, introducing a new way for its stablecoin users to earn yield on their holdings. The Spark website advertises a 4.25% APY for the vault — equivalent to the returns expected on other stablecoin vaults for the largest …
S&P Global Ratings has assigned a B- issuer credit rating to Sky Protocol, formerly known as Maker Protocol, marking the first time a major credit rating agency has issued a rating for a decentralized finance (DeFi) platform.The rating is part of S&P’s ongoing assessment of stablecoin issuers, which…
Plasma announced that it raised its stablecoin deposit cap to $1 billion, a threshold that was subsequently filled within just 30 minutes of opening.The stablecoin firm explained in a post on the social media platform X that it raised the deposit cap to give community members another opportunity to …
Crypto hardware wallet giant Ledger says it will enable stablecoin yields directly from self-custody, in collaboration with DeFi infrastructure platform Kiln.The feature lets Ledger users earn a passive income of 5% to 9.9% on USDC, USDT, USDS and DAI via several DeFi lending protocols, including Aa…
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.Happy Thursday! Not wanting to miss out on the latest ChatGPT Studio Ghibli craze, The Block took a break from the news earlier this morning and spent a few very productive hours Ghiblifyin…
Sky (formerly MakerDAO) announced a connection to Berachain, unveiled as part of its “agent framework,” aiming to blend two DeFi ecosystems.This latest move involves deploying Polaris, one of Sky's latest ecosystem products, onto Berachain, a high-performance EVM-compatible blockchain known for its …
The integration of Polaris into the Berachain ecosystem could be a strong catalyst for price movement. Polaris uses $7.5 billion from Sky Ecosystem, enabling significant liquidity in DeFi projects with Berachain. This can enhance the network's attractiveness and utility, boosting investor confidence…
Dogecoin (DOGE) surged approximately 14%, climbing from $0.34 to $0.39 minutes after the Department of Government Efficiency, led by Elon Musk, dropped their official website with the crypto asset's logo, according to CoinGecko data .The newly launched website declares itself as an official site of …
Coinspeaker Aave Labs Partners with Sky to Launch Sky Aave Force Initiative The planned launch of USDS and sUSDS tokens on September 18th marks a crucial step toward building a more connected and inclusive financial system. Aave Labs Partners with Sky to Launch Sky Aave Force Initiative