Stablecoin issuer Trust Reserve’s team detained by police in China: PANews
The core team of Trust Reserve, which issues two stablecoins, was detained by police in China on May 29, according to PANews.
Tether to mine bitcoin in Uruguay
Stablecoin issuer Tether has entered the bitcoin mining and energy production space in Uruguay in partnership with an unnamed local company.
USDC Backing Maker’s Stablecoin DAI Plummets to 23%
The decentralized stablecoin DAI is undergoing a massive shift as MakerDAO reduces USDC exposure and opts for U.S. Treasury bills.
How DAI seeks growth amidst rising stablecoin competition
DAI fails to compete with USDC and USDT in the stablecoin space. However, MakerDAO tries to attract new users by making changes in the protocol.
Tether (USDT) Stablecoin Market Dominance Rises as USDC Declines amid Global Economic Woes
Tether USDT recently announced that it will regularly allocate up to 15 percent of its net realized operating profits towards purchasing Bitcoin as a reserve currency.
MakerDAO Community to Vote on Proposal to Increase Dai Savings Rate, Implications for DeFi Market Await
The MakerDAO community is buzzing with anticipation as they prepare for a crucial vote that could shape the future of decentralized finance (DeFi). The proposal at hand involves increasing the…
MakerDAO’s Proposal to Increase DAI Savings Rate to 3.33%
In a move set to impact the decentralized finance (DeFi) ecosystem, MakerDAO, a leading Ethereum-based protocol, is gearing up for a crucial vote on a proposal to raise the savings…
Makerdao Considers Significant DAI Savings Rate Hike: 3.3% on the Horizon, If Vote Passes
The Makerdao collective is currently immersed in a discussion about the potential rise of the DAI stablecoin’s savings rate to 3.3%. This suggestion was introduced by Block Analitica and revealed…
This Week in Coins: Bitcoin and Ethereum See Fourth Flat Week as TRON and Tether Surge
Republican presidential hopeful Ron DeSantis touched on cryptocurrencies in his Twitter Space with Elon Musk.
MakerDAO’s new proposal to boost DAI savings rate to 3.33%
MakerDAO’s new proposal aims to increase DAI savings rate to 3.33%, potentially reshaping DeFi interest rates and attracting more capital to DAI.
