On February 16, Ethena Labs, the developer of Ethereum-based stablecoin USDe, completed a US$14 million strategic round of financing at a valuation of US$300 million.
JinseFinanceBybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
JoyTether, the world's leading stablecoin issuer, is undergoing a leadership shift, with Paolo Ardoino set to become the CEO in December 2023.
BitcoinworldThe primary function of the Frax Protocol is to maintain the FRAX price at $1.000 by using AMO contracts, real-world assets (RWAs), and governance actions facilitated by frxGov, leveraging USD oracles as a reference.
DavinA new breed of app-specific stablecoins could be just what DeFi needs.
BanklessBUSD’s circulating supply fell to $15.4 billion on Wednesday, paring down $1 billion over the past week and $2 billion in a month.
CoindeskThe main idea is in LLAMMA: replacing liquidations with a special-purpose AMM.
PoTDAO @0xJamesXXXHow will this $150 billion industry evolve?
Cointelegraph
Although USDC is the second largest Stablecoin, it is the most used on-chain Stablecoin in the Crypto space.
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