“Direct access to Ethena’s crypto-native stablecoins will unlock exciting new opportunities for protocols on the platform,” states Phoenix Labs CEO, Sam MacPherson.
Browsing: Stablecoin
What Is a Stablecoin?
A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.
TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.
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frxUSD bridges traditional finance and decentralized finance by leveraging BlackRock’s tokenized BUIDL fund, offering a stablecoin backed by real-world assets like U.S. Treasury bills.
“We are excited to back Perena at the very early stages of their journey and assist them in their mission to onboard the next wave of stablecoin users on Solana,” states Binance Labs Investment Director, Max Coniglio.
“At M^0 we’re building stablecoin infrastructure that is multi-issuer and multi-chain. This is a significant improvement over the current state of stablecoin technology,” states M^0 Co-Founder and Chief Architect, Gregory Di Prisco.
Tether recently minted $5 billion worth of USDT in five days, sparking excitement and concerns. As the largest stablecoin issuer, Tether’s actions influence market liquidity and…
Learn why stablecoins have thrived and how their model is paving the way for other assets, such as Treasury Bills, to gain traction on blockchain. Explore the traits RWA startups must emulate to unlock the next wave of tokenization.
“By combining Wormhole’s cross-chain technology with M^0’s innovative stablecoin infrastructure, we’re unlocking new possibilities for scalable and interoperable stablecoin solutions that will drive the next wave of DeFi adoption,” states Robinson Burkey at Wormhole.
HIGHLIGHTS Anzens Inc. has partnered with BitGo Trust, an industry leader in digital asset custody, to provide custodial services for USDA, a stablecoin native to the…
M^0 has completed its first $10 million mint of $M, a cryptodollar asset. MXON, the first Minter for M^0, spearheaded this achievement by minting $M, which…
“Achieving MiCA compliance is a pivotal moment in advancing digital currency into broader acceptance and mainstream finance,” states Circle Co-Founder and CEO, Jeremy Allaire.