Lybra Finance and EUSD: Intro to Interest-Bearing Stablecoins
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Lybra Finance and EUSD: Intro to Interest-Bearing Stablecoins

In the dynamic world of decentralized finance (DeFi), Lybra Finance is carving out a niche for itself with eUSD, an innovative stablecoin designed to provide both stability and yield generation for its holders. The platform utilizes staked Ethereum and liquid staking tokens (LSTs) to empower eUSD holders with the ability to earn interest on their…

How to Bridge TRC20 USDT: The Ultimate Guide
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How to Bridge TRC20 USDT: The Ultimate Guide

With the growing demand for cross-chain transactions in the digital assets market, understanding how to bridge TRC20 USDT and other assets is crucial. Rhino.fi has carved a niche in the DeFi space by simplifying the bridging process, offering a secure and efficient service for users looking to transfer TRC20 USDT across various blockchain networks. Its…

Frax 101: The Decentralized Stablecoins Protocol & Infrastructure

Frax 101: The Decentralized Stablecoins Protocol & Infrastructure

What Is Frax? Frax has developed a stablecoin protocol that combines asset collateralization and cryptography to create a stablecoin pegged to the US dollar. The decentralized stablecoin is designed to maintain a peg to the US dollar through asset backing and a mint/burn mechanism. Frax’s stablecoin protocol also includes the Frax Shares (FXS) governance and…

Understanding Stablecoins – The Ultimate Guide

Understanding Stablecoins – The Ultimate Guide

What are stablecoins? Stablecoins have emerged as a class of cryptocurrencies that aim to offer investors price stability by using specific assets or algorithms to adjust their supply based on demand. Since the first stablecoin was issued in 2014, they have gained popularity as they offer the speed and security of blockchain while eliminating the volatility that…

Binance Ceases Support for BUSD Stablecoin: What You Need to Know

Binance Ceases Support for BUSD Stablecoin: What You Need to Know

Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will end support for its Binance USD (BUSD) stablecoin on December 15, 2023. This move comes after regulatory pressures faced by Paxos, the issuer of BUSD, which was ordered to stop minting the coin by the New York Department of Financial Services (NYDFS)…

AAVE’s GHO Stablecoin Approaches Dollar Peg

AAVE’s GHO Stablecoin Approaches Dollar Peg

Aave’s GHO stablecoin has struggled to maintain its value, trading consistently below the $1 mark. However, the stablecoin recently gained ground and rallied to $0.985 for the first time since August. This increase is due to the efforts of TokenBrice, a hands-on DeFi engineer who insiders have called GHO’s “benevolent temporary dictator.” TokenBrice took over…