Tag: Stablecoin

Demand for top yield makes Ethena’s USDe third largest stablecoin

Ethena’s artificial USDe greenback has emerged because the fastest-growing USD-pegged stablecoin over the previous 30 days after its market capitalization skyrocketed 73% to an all-time excessive of $4.77 billion.The surge has propelled...

Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY

Binance has launched BFUSD, a yield-bearing stablecoin for futures and perpetuals merchants, in line with a Nov. 18 announcement.BFUSD supplies an annual share yield (APY) of roughly 19.55%, permitting customers to earn every...

DMM Group and Progmat Collaborate to Create a Regulated Stablecoin

Digital asset platform Progmat and DMM, a Japanese leisure big, are collaborating to create a brand new stablecoin on the Progmat Coin platform. The stablecoin shall be used inside the Seamoon Protocol, a...

BRICS Pushes Ahead: Russia to Launch Yuan-Linked Stablecoin in Response to US Sanctions | by DXM-Investments | The Darkish Aspect | Aug, 2024

Russia has unveiled plans to launch two state-linked cryptocurrency exchanges as a part of a broader technique to beat the financial challenges posed by US sanctions. These exchanges, based mostly in Moscow and...

Bitcoin Value Set To Surge With $2.5 Billion Stablecoin Inflows

An inflow of $2.5 billion in stablecoins is anticipated to doubtlessly drive a major surge within the Bitcoin value, as detailed in a brand new report by Markus Thielen, a market researcher at...

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