Ethereum Launches Ethena Native Stablecoin
@MegaETH launches native stablecoin USDm with @Ethena to reduce transaction costs on its network, backed initially by Ethena’s USDtb. Ethena’s governance token $ENA rises 7%. #Update #Crypto $ENA
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Stablecoin HYPE Surges Amid Hyperliquid Expansion
HYPE rallies to an all-time high of $51.84 as @Hyperliquid aims to expand stablecoin infrastructure, reaching a $13.9B valuation. #Update #Crypto
Ethereum Launches USDm Stablecoin with Ethena
@MegaETH partners with Ethena to launch USDm, a stablecoin backed by BlackRock’s tokenized Treasuries, to fund sequencer costs and lower fees in its ecosystem. #Update #Crypto
Stablecoin Race Heats Up as MoonPay Launches USDH
@Stripe faces opposition in its attempt to issue Hyperliquid’s USDH stablecoin as @MoonPay, Agora, and Rain propose alternatives. The competition highlights tensions in the stablecoin sector. #Update #Crypto $USDH
Stablecoin Licenses Sought by HSBC ICBC
@HSBC and @ICBC plan to apply for stablecoin licenses in Hong Kong, with @StandardChartered expected to receive first-round approvals under the new regulatory regime. #Update #Crypto
Stablecoin Transfers Surge to $5.8B in August
Stablecoin retail transfers hit a record $5.84B in August, with users favoring $BSC over $TRX for low fees. Ethereum’s mainnet transactions surged 81% as costs dropped. #Update #Crypto $USDT
Paxos Launches USDH Stablecoin for Buybacks
Paxos proposes issuing USDH, a Hyperliquid-first regulated stablecoin, aiming to enhance adoption within the Hyperliquid ecosystem. #Update #Crypto
USDH Stablecoin Vote Hyperliquid Fee Cut
Hyperliquid will reduce spot trading fees by 80% and initiate an on-chain validator vote for the USDH stablecoin ticker. #Update #Stablecoin
Ripple Targets Africa with RLUSD Stablecoin
Ripple launches its USD-backed stablecoin RLUSD in African markets via partnerships with Chipper Cash, VALR, and Yellow Card, aiming to enhance cross-border transactions. #Update #Crypto
Hyperliquid Launches New Proprietary Stablecoin
@Hyperliquid is set to launch its USDH stablecoin, pending validator approval, amid growing demand as the DEX recorded $398 billion in derivatives trading last month. #Update #Crypto $USDH
USDH Launches as New Dollar Stablecoin
@Hyperliquid plans to launch USDH, a USD-backed stablecoin, pending validator vote. The platform aims to reduce trading fees by 80% and requires HYPE token lockup for spot quotes. #Update #Crypto $HYPE
Hyperliquid Launches USDH Stablecoin Amid Controversy
Hyperliquid opens proposals for USDH stablecoin issuance, sparking controversy as existing protocols claim unfairness. Validators vote over five days to determine the winning team. #Update #Crypto
Stablecoin Launches for Kazakhstan Regulatory Fees
@Bybit becomes the first crypto exchange to enable stablecoin payments for regulatory fees in Kazakhstan’s Astana International Financial Centre (AIFC) #Update #Crypto $USDT
Tether Cancels USDT Freeze on Five Blockchains
@Tether has scrapped plans to freeze USDT smart contracts on five chains, allowing transfers but halting issuance and redemption. Omni Layer will be most affected with $82.9M in circulation. #Update #Crypto $USDT