Ethena’s USDe beats DAI to become 3rd-largest stablecoin
[Dec 12 6:56 PM] The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
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Coinbase prepares to delist Tether’s USDT stablecoin in Europe
[Dec 12 2:13 PM] Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.
Ethereum reclaims USDT dominance against Tron after 2 years
[Nov 26 12:10 AM] Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
Sky co-founder proposes no new emissions for core token
[Nov 4 1:47 PM] Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAO’s original supply reduction vision.
Sky Reports Over 1 Billion USDS Minted Since August Rebrand
[Oct 5 6:50 PM] It’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million…
Coinbase-backed Truflation confirms hack, estimated around $5M
[Sep 26 12:30 AM] Truflation’s team said that no customer funds were stolen in the security breach.
Stablecoin Market Adds $1B in Six Days as Major Tokens Expand
[Sep 21 4:30 PM] In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days…
Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC
[Sep 15 5:25 PM] Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has…
Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins
[Sep 7 2:35 PM] In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $1.08B Growth in Stablecoin…
Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court
[Sep 4 6:16 AM] A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen.
Aave, Sky float partnership to bridge DeFi, TradFi
[Sep 3 3:34 PM] The plan would create markets for DAI-replacement USDS on Aave.
Maker, now Sky’s, new stablecoin lashed over ‘freeze function’
[Aug 28 5:55 AM] The new USDS stablecoin from Maker, now Sky, has a freeze function which the project's founder claims won't be part of the token at launch.
Maker, Now Rebranded to Sky, Draws Ire From DeFi Community on Controversial Stablecoin Change
[Aug 27 9:20 PM] MakerDAO co-founder Rune Christensen said the feature won't be live when the USDS token goes live and the old DAI token will remain in circulation unchanged.
Maker DeFi lending protocol rebrands to Sky ahead of USDS stablecoin launch
[Aug 27 12:00 PM] Maker is also rebranding the world’s largest decentralized stablecoin ahead of the launch of its governance token, SKY.
MakerDAO to Offer Optional MKR Conversions for New Governance Token
[Aug 23 11:57 AM] Crypto lending platform MakerDAO, the protocol behind the DAI stablecoin, will allow MKR holders to convert their tokens to NewGovToken (NGT) tokens at a ratio of 1:24,000.
MakerDAO and Sherlock team up for historic $1.35M security audit contest
[Jun 25 5:59 AM] MakerDAO partners with Sherlock for a record-breaking $1.35 million audit contest, launching on July 8 and ending on Aug. 5, to ensure top-tier security for its Endgame phase.
Orbit Chain hacker moves $48M to Tornado Cash after months of ‘silence’
[Jun 9 9:18 PM] The cross-chain bridge was exploited for $82 million over New Year’s Eve, with the funds sitting dormant since Jan. 1.
Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI
[Jun 7 12:26 PM] The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
[Apr 22 11:22 AM] This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various…
Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation
[Apr 19 2:28 PM] Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to…
Stablecoin Market Expands by $4.46 Billion in 12 Days
[Apr 12 1:37 PM] In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30…
DAI Circulation Approaches 5 Billion As MakerDAO Unleashes Key Updates
[Apr 11 5:00 PM] In a recent announcement on the social media platform X (formerly Twitter), MakerDAO, the Ethereum-based protocol responsible for issuing the DAI algorithmic stablecoin, provided insights into the performance of the Maker Protocol following recent…
Aave Proposal Aims to Safeguard Against DAI’s Rapid Market Cap Increase
[Apr 3 3:07 AM] The Aave Risk Framework Committee (ARFC) has proposed adjustments to the risk parameters of the dai (DAI) stablecoin to mitigate potential risks associated with Makerdao’s aggressive expansion of the DAI credit line. The proposal, initiated…
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
[Apr 3 2:45 AM] The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
[Mar 31 8:09 AM] This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March…
Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days
[Mar 20 9:00 AM] The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the…
Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B
[Mar 15 10:00 AM] In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days…
Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
[Mar 3 3:30 PM] The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five…
Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players
[Feb 24 11:30 AM] In the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days…
Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth
[Feb 14 1:30 PM] Statistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their…