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MakerDAO rebrand to Sky protocol on August 27, 2024, introducing USDS savings vault and SKY governance token as the protocol evolves beyond single-collateral mechanisms.
Ethena's synthetic dollar USDe reaches $2 billion in total supply within two months, delivering 27% APY from perpetual futures funding rates and Ethereum staking.
Ethena's USDe synthetic dollar reached $2 billion in supply by April 2024, supported by a high-yield mechanism combining staked ETH returns with perpetual futures funding arbitrage.
Circle filed its S-1 registration with the SEC on January 11, 2024, for a planned IPO under the NYSE ticker CRCL.
PayPal launched its USD stablecoin (PYUSD) on August 7, 2023, marking the first major traditional finance firm to issue its own token on public blockchains.
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.
