The Universal Digital Payments Network allows blockchain-based stablecoins and CBDC networks to interoperate with each other. Deutsche Bank and SC Ventures have been testing the system with on-chain swaps using USDC and EURS stablecoins.

Spark Protocol, launched by MakerDAO in May 2023, is a DeFi platform offering lending and savings features like Spark Lend and the Dai Savings Rate (DSR). By leveraging real-world assets such as U.S. Treasuries, it delivers competitive yields while facing rising competition in the DeFi space.

The Bitcoin L2 developers have released the alpha version of the Taproot Asset protocol, which allows the building of stablecoins on top of the Bitcoin blockchain.

Frax Finance is ready to deploy the v3 upgrade. The upgrade integrates the Federal Reserve's IORB rate and abandons the stablecoin's algorithmic component for enhanced stability.

Crypto.com teams up with PayPal and Paxos to become a preferred PYUSD exchange as the novel stablecoin conquers markets.

Circle brings USDC stablecoin to Polkadot's Asset Hub parachain allongside five other blockchains to enable faster, cheaper transactions and multi-chain transfers via the new Cross-Chain Transfer Protocol.

The stablecoin issuer bought an undisclosed stake in Northern Data Group, which it claims is “set to become the biggest independent AI player in Europe.”

stUSDT recently crossed the $1 billion TVL threshold, but rather than excitement, the phenomenal growth of Justin Sun’s latest DeFi project intensified concerns.