OKX and Binance Clash Over Causes of Devastating October 10 Market Collapse
TLDR: OKX CEO Star claims Binance’s 12% APY USDe promotion blurred distinctions between stablecoins and hedge funds. Users create...
Jupiter Exchange Launches JupUSD Stablecoin with BlackRock-Backed Reserves
TLDR: JupUSD maintains 90% reserves in USDtb collateralized by BlackRock’s BUIDL Fund with 10% USDC buffer. Three independent sec...
Jupiter Taps Ethena Labs to Power Solana’s First Ecosystem Stablecoin JupUSD
TLDR: JupUSD will serve as the main stablecoin across Jupiter’s trading, lending, and perpetual markets on Solana. The stablecoin...
Ethena Brings Dollar Assets to Sui With suiUSDe and USDi Launch
TLDR: Ethena Labs will launch suiUSDe and USDi on Sui Network in Q4, offering native digital dollars to power DeFi and payments. s...
SUI Treasury to Launch Stablecoins Amid Growing Legal Challenges
TLDR SUI Group plans to launch two stablecoins on the SUI blockchain by the end of 2025. The firm has partnered with Ethena Labs t...
Hyperliquid USDH Battle Ends: Ethena Pulls Proposal, Plans hUSDe and HIP-3 Push
TLDR: Ethena Labs withdrew from Hyperliquid’s USDH bid after acknowledging validator and community concerns. Founder Guy Young sai...
Ethena Labs Joins Bid for Hyperliquid’s USDH Stablecoin Control
TLDR Ethena Labs enters the race to control Hyperliquid’s USDH stablecoin alongside five other bidders. Ethena’s proposal includes...
Ethena (ENA) Buybacks Accelerate as StablecoinX Lifts Total Financing to $895M
TLDR: StablecoinX raised $530M, taking total PIPE financing to $895M for ENA token purchases. The new raise supports a $310M ENA b...
FalconX Opens Doors to USDe Stablecoin in Major Liquidity Push
TLDR: FalconX will support USDe, the third-largest stablecoin by supply, across spot, derivatives, and custody services. Instituti...