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Vitalik Buterin Slams ‘Fake’ DeFi, Backs ETH-Based Algo Stablecoins

Ethereum co-founder Vitalik Buterin has questioned the legitimacy of popular USDC yield strategies, arguing they don’t follow the principles of true decentralized finance (DeFi). His critique was in response to…

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Crypto Industry Proposes Sharing Stablecoin Reserves with Community Banks: Report

The crypto industry has reportedly proposed sharing stablecoin reserves with community lenders as it steps up efforts to win over skeptical banks. The move aims to preserve the stalled crypto…

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Tether Pulls Back on $20B Fundraising Plans After Investor Pushback (Report)

Tether has reportedly scaled back its planned multibillion-dollar fundraising target after facing resistance from investors. According to a report from the Financial Times on February 4, advisers for the stablecoin…

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