News and updates related to Stablecoins.
4 articles
Aave's governance voted 99% in favor of GHO, a collateral-backed stablecoin designed to generate revenue for the protocol and reduce reliance on external stablecoin issuers.
Terra's UST stablecoin lost its dollar peg when Luna's price collapsed, wiping out $40 billion in user deposits and triggering widespread liquidations across DeFi.
Paxos has launched the Paxos Standard Token following authorization from the New York State Department of Financial Services, making it one of the first regulated stablecoins.
The Gemini Trust Company, founded by the Winklevoss twins, has launched the Gemini Dollar stablecoin following regulatory approval from the New York Department of Financial Services.
