Ethena Labs announces its ENA Governance token airdrop, distributing 750 million tokens, or 5% of its total supply, aiming for broader governance engagement. The project’s synthetic dollar stablecoin, USDe, offers a 35% APY, backed by notable investors and exchanges.
With their strategy to blend traditional finance with blockchain, Ondo is paving the way for wider asset accessibility and instant transactions, creating a new era in global investment.
With their strategy to blend traditional finance with blockchain, Ondo is paving the way for wider asset accessibility and instant transactions, creating a new era in global investment.
Ethena Labs announces its ENA Governance token airdrop, distributing 750 million tokens, or 5% of its total supply, aiming for broader governance engagement. The project’s synthetic dollar stablecoin, USDe, offers a 35% APY, backed by notable investors and exchanges.
Mehen Finance launched USDM, Cardano's first fiat-backed stablecoin, offering price stability compared to existing algorithmic options. USDM aims to attract new users with a 1:1 USD peg & transparency via on-chain reserves. Public rollout for retail users is expected in April 2024.
OKX crypto exchange delisted USDT trading pairs for EEA-based users. The upcoming implementation of the MiCA regulation pushes market participants to make bets.
Ethena says it's a decentralized rival to stablecoins reliant on the traditional banking system — but its "synthentic dollar" has drawn unfavorable comparisons to ТerraUSD.
The decentralized stablecoin project MakerDAO saw another shake last weekend, this time caused by the bullish outlook on the crypto market. It prompted an emergency intervention by the project’s guardians and put the project in hibernated mode right before the launch of its Endgame
Tether's USDT stablecoin is the largest bridge between the crypto industry and the traditional financial system. The project has just passed another financial milestone.
