USDC market cap is up 80% from 2023 lows
The stablecoin is also more widely distributed across blockchain networks.
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The stablecoin is also more widely distributed across blockchain networks.
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.
Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since.
Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAO’s original supply reduction vision.
Truflation’s team said that no customer funds were stolen in the security breach.
A “decentralized governance” body could decide the fate of frozen USDS if the stablecoin goes ahead with a freeze feature, says Sky co-founder Rune Christensen.
The plan would create markets for DAI-replacement USDS on Aave.
The new USDS stablecoin from Maker, now Sky, has a freeze function which the project’s founder claims won’t be part of the token at launch.
Maker is also rebranding the world’s largest decentralized stablecoin ahead of the launch of its governance token, SKY.
