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Ethena’s decentralized finance (DeFi) stablecoin, USDe, has achieved a significant milestone by surpassing Sky's Dai (DAI) in market capitalization, now ranking as the third-largest stablecoin behind Tether (USDT) and USD Coin (USDC). Despite USDe's market capitalization still trailing behind USDT a

Ripple Labs, under the leadership of CEO Brad Garlinghouse, has achieved a significant milestone as the New York Department of Financial Services (NYDFS) approved the company's RLUSD stablecoin. This decision follows several months of careful consideration by the regulatory body. Ripple is now poise

Circle, the issuer of the USDC stablecoin, has announced layoffs affecting approximately 6% of its workforce. This decision is part of a broader internal review conducted during a turbulent period for the cryptocurrency industry, which has seen several companies scale back amid fluctuating market co

Bitcoin (BTC) set a new all-time high today as it rallied to cross the $98000 mark amidst a surge in stablecoin inflows. Stablecoin Inflows across crypto exchanges touched a new monthly high showcasing the growing investors' interest in the crypto market. This has resulted in speculations if it will

Solana (SOL) decentralised finance (DeFi) liquidity is up for a major boost as a new stablecoin USDS has been launched by Sky, previously known as Maker. The move aims to capitalise the Solana's blockchain's DeFi ecosystem growth. With this launch, USDS have become the first big DeFi native stableco