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Read More »BitGo Introduces USDS Stablecoin, Aiming to Shift Market Dynamics
Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed by U.S. dollars through a mix of short-term Treasury bills, overnight repos, and cash in a bid to ensure liquidity and minimize risk. New Approach to Stablecoin Rewards According to a September 18 statement from BitGo, its proposed offering will differ from existing dominant stablecoins like Tether (USDT)...
Read More »dYdX Chain Integrates Keplr Wallet to Boost Access for Over 1 Million Users
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Read More »Ronin Network Reopens Bridge after $10M Exploit in August
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Read More »Merkle Trade Rolls Out Token Generation Event (TGE) Sequence on Aptos Blockchain
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Read More »Pepe (PEPE) Price at Risk of Further Correction Despite Heightened Whale Accumulation
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Read More »New Money Preparing to Buy the Dip? Tether and Dai Wallet Creations Suggest So
The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the fourth-highest figure since March 2024. Interestingly, the timing of these new wallets, emerging after a market...
Read More »MakerDAO Rebrands to SKY Introducing New Stablecoin and Governance Token
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Read More »Stablecoins Hit Record Market Cap of Nearly $170 Billion After Year of Growth
Stablecoins have reached an all-time high market cap of $169.57 billion following nearly a year of uninterrupted growth. Leading assets such as Tether’s USDT and Circle’s USDC have seen a significant resurgence this year, in addition to a newcomer. Stablecoin Market Cap Surge Data compiled by DefiLlama revealed that this is the highest market cap for stablecoins, surpassing the previous peak of $167 billion established in March 2022, which later declined to $135 billion by...
Read More »Crypto Exchange Bitget Adds Support for PayPal’s Stablecoin PYUSD on Solana
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