MakerDAO community proposal to replace MKR governance token
The proposal introduces a new stkMKR token which will act as a bonding asset for MKR staked in governance proposals.
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Hacker Siphons $3 Million Worth of DAI and ETH From Defi Protocol Deus Finance
Another decentralized finance (defi) protocol was breached this week after it was discovered that a hacker exploited the bilateral over-the-counter (OTC) derivatives platform Deus Finance. According to a post mortem…
Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days
During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the…
Altcoin Roundup: DeFi token prices are down, but utility is on the rise
DeFi token prices leave a lot to be desired, but the sector’s real benefit is the lending and liquid staking options, not the price of useless governance tokens.
Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg
The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities.…
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of…
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto…
Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of…
Tether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation grew by 5.6% and the…
Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades
Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin…