Ethena’s USDe beats DAI to become 3rd-largest stablecoin
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
Auto Added by WPeMatico
The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.
Binance will make USDC more available across its platform, while Circle will provide liquidity and technology and help Binance build new relationships.
According to Chainalysis, real-world tokenized assets and investment vehicles continue to be major drivers of crypto adoption.
According to data from CoinGecko, the total stablecoin market capitalization is over $196 billion as of Nov. 29.
TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions.
Cryptocurrencies, including stablecoins, still only pay for 0.2% of online commerce transactions globally, according to the report.
Stablecoins trading volume saw a sharp increase, placing monthly volumes on exchanges on track to new highs in 2024.
The Labour government is reportedly readying crypto, stablecoin and crypto asset regulations as Europe pulls ahead and the US changes its crypto policies.
The record monthly stablecoin inflows could put Bitcoin’s price on track to top the record $100,000 mark.
The total market capitalization of the stablecoin sector has topped $174 billion as of November 2024 and continues to grow.
