Stablecoins
DAI Mostly Centralized Even After Halving USDC Exposure
The lion's share of MakerDAO's stablecoin is backed by centralized stablecoins and real-world assets.
Société Générale Launches Euro Stablecoin
Europe’s 7th-largest Bank Targets Institutional Users With EURCV
MakerDAO Ratifies Constitution Aiming to Decentralize DAI
Endgame Plan limits RWAs in favor of crypto collateral for DAI
TrueUSD Moves $1B in Reserves To The Bahamas After U.S. Banking Failures
The company behind TrueUSD, the fifth-largest stablecoin, moved $1B of the company’s reserve assets to a Bahamas-based financial institution citing the tumultuous state of the U.S. banking sector on Wednesday. Archblock, the firm that oversees TrueUSD’s $2B in reserve assets, moved the funds to Capital Union Bank. The Bahamas-based bank now holds $1.4B of the…
How Top Stablecoins Depegged After The Second Largest US Bank Failure
It was a wild weekend for stablecoins. USDC depegged from a dollar to as low as $0.88 on Saturday, before bouncing fully back to its dollar peg on Monday. Today we’re looking back over the wild weekend and figuring out what a depegged stablecoin and failing banks could signal for DeFi.
