Ethereum Watch

Advertisements Summary: Circle’s CEO has published a Twitter thread quelling fears and rumors that USDC is on the brink of collapse. He added that it is understandable why the crypto community would worry about USDC, given the recent collapse of several crypto projects. He reaffirms Circle is committed to being transparent with its reserves fully […]

Key Takeaways Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin. FRAX maintains its peg through a dual collateral-backed and algorithmic mechanism, making it more scalable and capital efficient than overcollateralized stablecoins. Frax also utilizes Algorithmic Market Operations to generate revenue and ensure the protocol is more secure and robust. Share […]

Advertisements Quick take: Tether (USDT) has launched on the Polygon (MATIC) network. Polygon’s DeFi ecosystem is set to benefit from Tether’s availability on the network. USDT issued on Tron continues to be higher than that issued on Ethereum. A total of $72.537 billion Tether is in circulation with the stablecoin remaining at the number three […]

Key Takeaways Daily trading volume on DeFi exchange Curve Finance has hit a new all-time high of $6.8 billion. Fears over USDT losing its dollar peg and the sharp decline in Bitcoin and Ethereum prices has fueled trading on Curve. Centralized exchanges such as Kraken and Bitfinex have also seen more than 100% increases in […]

Key Takeaways Investors are pursuing high yields in a low interest rate environment. High yield opportunities are available to those who don’t have the time to go down the DeFi rabbit hole. Hodlnaut allows you to earn up to 12.73% APY without being exposed to hacks, rug pulls or liquidations. Share this article URL Copied […]

The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. Advertisements USD Coin Supply On Ethereum Is Now More Than Tether As per the latest weekly report from Arcane Research, USDC has now become the largest stablecoin on the ETH chain, surpassing USDT. A “stablecoin” […]

Key Takeaways Orion Money is a suite of cross-chain DeFi products providing seamless stablecoin saving, lending, and spending. It leverages Anchor Protocol on Terra to provide a high stable yield across multiple stablecoins and blockchains. The ORION token unlocks governance for the protocol and establishes a revenue share mechanism for Orion Money’s users. Share this […]

Key Takeaways Benoit Coeuré, the head of the BIS’ innovation hub, has called on central banks to act quickly in response to the rise of cryptocurrencies. Coeuré warned that “stablecoins and DeFi will challenge banks’ models.” The BIS is now more actively encouraging CBDC development by central banks. Share this article The head of the […]

Advertisements USDT active addresses have exceeded 6 million Half the amount is on Ethereum with the other half on Tron Tether’s market cap has exceeded $48B and still dominating the stablecoin market worth $75.4 Billion Tether’s growth has been organic based on the growth of the crypto markets and DeFi The number of USDT active […]

Key Takeaways DeFi is exposed to risks such as coding errors, operational security, and the interdependence of different projects. If DeFi can overcome these risks it could lead to a “paradigm shift” throughout the financial sector. The cautious endorsement of DeFi by a U.S. central bank could be a major step forward in the acceptance […]