Proceeds of $1B LUNA sale will be used to secure Terra's stablecoins.

Stablecoin supply has steadily increased during the crypto market rout.

Terra's stablecoin has overtaken MakerDAO's in terms of market cap, according to CoinGecko data.

Sen. Elizabeth Warren wants DeFi regulated to prevent systemic damage to financial system.

Doomsday scenarios in DeFi revolve around the strength of stablecoins such as USDC and USDT.

The supply of Terra's stablecoin UST has surged but not because of rising demand.

Zero knowledge proofs are powerful cryptographic instruments that accelerate innovation on Ethereum, writes Alex Shipp.

New collateralized stablecoin, Magic Internet Money (MIM) is challenging MakerDAO, the grandaddy protocol of DeFi. MIM, issued by lending protocol Abracadabra, broke $1B in supply on Oct. 5, placing it seventh overall in terms of stablecoin market cap, according to CoinGecko.  That’s $5.39B behind Maker’s DAI stablecoin supply. So while MIM still has a ways…

On-Chain Markets Update by Juan Pellicer, IntoTheBlock DeFi protocols, apps and their stablecoins are a key area of the whole crypto markets. Even though the average daily trading values of DeFi are 80 times lower than in centralized exchanges, their smart contracts enable open financial services that impact the whole market by providing key functionalities…

Welcome to GDF’s FI Corner. We had a little break for the summer, but are back with a round up of the top stories from the establishment’s adoption of crypto. The US Senate bill may have dominated the news over August – and rightly so. The bill saw the global crypto industry put aside differences…