Stablecoin
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Analysis
BitMEX Founder Arthur Hayes Proposes New Bitcoin-Backed Stablecoin – Here’s How It Works
BitMEX co-founder and crypto veteran Arthur Hayes is proposing an concept for a brand new Bitcoin (BTC)-backed stablecoin. In a…
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Analysis
Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data
Crypto trade Huobi transformed $100 million price of USD Coin (USDC) to Dai (DAI) as uncertainty unfold within the stablecoin…
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DeFi
Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs
Lending protocol Aave has frozen stablecoins buying and selling and set Mortgage-to-Worth (LTV) ratio to zero in response to latest…
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DeFi
Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment
The Frax group not too long ago approved a proposal to make its FEI stablecoin totally backed by USD equivalents,…
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Uncategorized
Frax Finance to retire algorithmic backing amid stablecoin crackdown
The neighborhood of decentralized finance stablecoin protocol Frax Finance has voted to totally collateralize its native stablecoin Frax (FRAX), marking…
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DeFi
Stablecoin adoption could lead to DeFi growth, says Aave founder
Stani Kulechov, the founding father of the decentralized finance (DeFi) protocol Aave, highlighted a number of points throughout the DeFi…
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DeFi
Euro stablecoin launched in Finland, claims to be first approved in the EU
Finnish firm Membrane Finance has launched a fully-reserved stablecoin backed by the euro, in line with a Feb. 2 weblog…
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Analysis
New Cardano-Based Stablecoin DJED Quickly Attracts Over 27,000,000 ADA in Reserves
A brand new decentralized stablecoin based mostly on sensible contract platform Cardano (ADA) is rapidly gathering thousands and thousands of…
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Altcoins
Cardano’s Stablecoin DJED Faces Same Fate As Luna’s UST?
On January 31, layer-one protocol COTI formally launched DJED, the native stablecoin for the Cardano (ADA) community. The introduction of…
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