USDC Influence: Crypto Lender Maker Turns to Staked Ether
This is part of a move away from crypto products like stablecoins that are controlled by a few people. Maker, the world’s largest decentralized-finance (DeFi) app, doubled the debt limit of its staked ether (stETH) vault this week. It did this to reduce its reliance on centralized stablecoins after Centre, the issuer of USD coin […]
Kentucky regulators order crypto lender Celsius to stop offering accounts in the state
Kentucky’s securities regulator has ordered big crypto lender Celsius Network to stop issuing interest-bearing accounts in the state on Thursday, the state now joins three other states that took similar action last week. The Kentucky Department of Financial Institutions issued the emergency order after finding that Celsius offered customers unregistered securities in violation of state […]