Stable Coin

Stablecoins haven’t had the best reputation recently with coins like USDC and USDT losing their peg. Despite this, DJED has managed to maintain its peg throughout the storm. As a result, we’ve seen great demand for DJED since its launch. Our next main focus is to establish DJED’s adoption, and…

Today we are delighted to announce a new partnership established with Particle Network, a web3.0 full-stack infrastructure platform. Following the current demand in the third party authentication, Particle has built an Auth Service SDK that will enable ALLsTo users to seamlessly access services. Moving forward, we may also deepen our…

The need for reliable and transparent yields to DeFi, starting with US Treasuries In the aftermath of last year’s default events (e.g. BlockFi, Celsius, Gemini Earn, Maple-Orthogonal), we found that there were two major problems in DeFi for stablecoin holders: High procyclicality in crypto: crypto only lends to crypto, and…

The fall of the Silicon Valley Bank came as a surprise to many. The Silicon Valley Bank is a 40-year-old bank in California that most venture-backed startups use. At its insolvency, it had about $209 billion in assets and was the 16th largest bank in the United States. SVB is…

Sommelier is collaborating with Demex to bring Real Yield USD to the DEX. Real Yield USD, the highest-performing organic stablecoin yield for USDC-DAI-USDT on Ethereum, is now available as a collateral asset in a SOMM-incentivized lending pool on Demex’s Nitron money market, enabling strategy participants to take on leverage. Meet Demex Demex…

On March 22, Flex Yang, the Founder of HOPE, held his first AMA on Twitter Space. He talked about all aspects of the $HOPE stablecoin and HOPE ecosystem worth looking forward to. This article excerpts Flex’s main views from this AMA. From CeFi to DeFi: Flex’s new HOPE HOPE aims to make DeFi better, easier to use…

We’ve written a lot about the TrueUSD. Now we are going to look at the early days. In Jan 2019 they changed contracts. The legacy TUSD contract is here. There are still about $200 million of these sitting around. Roughly if you haven’t touched your balance since 2018 the old…

With the Swiss National Bank seeing no immediate need to develop its own retail CBDC, the Swiss Bankers Association has come up with an alternative blockchain-based stablecoin for use in digital asset transactions and DLT ecosystems. — In a white paper published last week, the Swiss Bankers Association (SBA) laid out its proposals for a Swiss-franc-pegged ‘Deposit Token’. The DT is envisioned as a purely digital form of currency, which can be enhanced with the programmability of smart contracts. The proposed token would be issued on a…

Telegram’s @wallet bot has added USDT, the world’s largest stablecoin by market cap, to expand its service for buying and selling crypto. With the integration of USDT, Telegram users can now send the stablecoin within chats in the messaging app, making it as simple as sending a text or a…