New York Regulator Poised To Approve Ripple Labs’ RLUSD Stablecoin: Report
According to CoinGecko data, the entire stablecoin market capitalization as of November 29 was over $196 billion. The New York Department of Financial Services (NYDFS) is anticipated to approve Ripple Labs’ RLUSD stablecoin, an overcollateralized dollar-pegged asset, within the coming days, according to sources cited by Fox Business. A Nov. 29 report by Fox Business […]
Solv Protocol to Launch ‘onchain MicroStrategy’
In a post on Nov. 29, Ryan Chow, the co-founder of Solv Protocol, announced that the company is launching an “onchain MicroStrategy” to introduce yield-bearing Bitcoin reserves to decentralized finance (DeFi). “We are developing the first-ever On-Chain MicroStrategy, a transparent, permissionless platform that converts Bitcoin from a passive store of value to an active financial […]
Elixir, Curve Partner to bring BlackRock’s BUIDL to DeFi
On November 29, Curve announced that it has partnered with blockchain network Elixir to broaden the availability of decentralized finance (DeFi) for BlackRock’s tokenized money market fund. According to Curve, token holders will shortly have the opportunity to mint Elixer’s yield-bearing stablecoin, deUSD, against the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Then, they can […]
Ethena Labs USDtb Joins Spark’s $1B Liquidity Competition
Ethena Labs has partnered with Securitize, a tokenization platform, to jointly submit a proposal to include Ethena’s USDtb stablecoin in Spark’s $1 billion Tokenization Grand Prix. The competition aims to provide liquidity to selected participants to onboard real-world assets (RWAs) to decentralized finance. The proposal includes implementing an exchange facility for USDtb and USDe, two […]
Algorand (ALGO) Surges 32% Following Golden Cross
Algorand (ALGO) jumped 32% to $0.3939 in 24 hours, gaining 60% weekly as market cap hit $3.27 billion and volume rose 44% to $1.38 billion. Within the past twenty-four hours, the price of Algorand (ALGO) has experienced a surge, with the token fluctuating between a high of $0.408 and a low of $0.2952 during the […]