The stablecoin market cap increased by $1 billion on the TRON network last week, outpacing other chains significantly. This growth, led by issuers like United Stables, reflects rising demand for liquidity in the crypto market. Despite this, stablecoin dominance, especially USDT's, has declined as capital rotates into major cryptocurrencies like Bitcoin and Ethereum. While the market sentiment remains cautious, the expanding stablecoin supply and trading volumes suggest active liquidity needs and shifting investment dynamics.
Pendle Finance has launched a new USDG yield market on OKX's XLayer, a zkEVM Layer 2 network, allowing users to lock in fixed returns on the regulated Paxos-backed stablecoin USDG. This market, maturing in October 2026, uses Pendle's tokenization mod...
Major cryptocurrencies saw price declines, with Bitcoin dropping 2.1% to $63,925 and Ethereum falling 2.8% to $1,873.93. Other notable coins like Binance Coin and Solana also declined, reflecting a broad market pullback. Stablecoins remained steady n...
Aave suffered approximately $195 million in bad debt after an attacker exploited a KelpDAO cross-chain bridge hack that minted $292 million worth of unbacked rsETH tokens. These tokens were used as collateral to borrow $190 million in assets on Aave,...
Standard Chartered's digital assets team predicts tokenized assets on public blockchains will hit $4 trillion by 2028, split between stablecoins and real-world assets. Chainlink's LINK token is expected to benefit significantly due to its Cross-Chain...
