The total market capitalization of the stablecoin sector has topped $174 billion as of November 2024 and continues to grow.
Stablecoin news
Sky is offering $500,000 in USDS rewards for early adopters and stablecoin liquidity providers.
Flare Network’s USDX stablecoin introduces treasury yields to DeFi, challenging established players like USDC in terms of economic utility.
Binance has clarified its forthcoming BFUSD asset is not a stablecoin as crypto users started freaking out over its promise of high yields.
Africa faces unique financial challenges, including limited access to traditional banking. Crypto and platforms like VALR offer a pathway to financial inclusion.
Now the protocol is working on a value accrual mechanism for ENA stakers.
According to stablecoin firm Tether, approximately $127 billion in Tether-USD tokens (USDt) are currently in circulation.
The Utopia Labs team will join the Base network to accelerate Coinbase Wallet’s on-chain payments buildout.
The tokenized money market fund will launch on nearly half a dozen new blockchain networks.
Ensuring that decentralized finance platforms and networks do not remain siloed is a key hurdle for DeFi applications to overcome.