Aave (AAVE/USD) is a decentralised finance (DeFi) protocol that enables people the opportunity to lend as well as borrow cryptocurrencies. The lenders can earn interest by depositing digital assets wi...
Tag: Stablecoin
Aave will create a stablecoin
Aave is going to create a new stablecoin. Its name is GHO, and the proposal was approved yesterday by the DAO community. Aave’s DAO approves proposal to develop a new stablecoin Now that the proposal...
Aave DAO Approves Crypto-Backed Stablecoin GHO
A proposal to implement Aave’s crypto-collateralized stablecoin has passed by a majority DAO vote Users will soon be allowed to mint the stablecoin against their supplied collaterals while still earni...
Aave DAO Community Responds to GHO Stablecoin Proposal
A snapshot vote on the Aave DAO’s proposal to introduce a new decentralized stablecoin dubbed GHO revealed the community’s reaction. The proposal to introduce the GHO stablecoin was put forward to the...
Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO – Coinotizia
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week...
Aave DAO votes to approve creation of GHO stablecoin
Aave DAO, the governance body for the Aave DeFi protocol, voted in support of a proposal to create a stablecoin called GHO. The Snapshot vote, which ended today at 06:00 a.m. EDT, passed with almost u...
Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO – Bitcoin News
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week...
New Stablecoin ‘GHO’ Proposal Approved by AAVE DAO
Altcoin News An overwhelming majority of 1,793 people voted in favor of the measure. From the 28th of July 2022 until the 31st of July 2022, a voting window was open. The AAVE DAO approves AAVE’s plan...
Binance CEO Explains Why Stablecoin Dominance Is Bullish for Crypto
Alex Dovbnya The growing market value of the top stablecoins is a positive development for the industry, according to the CEO of Binance In a recent tweet, Binance CEO Changpeng Zhao has opined that t...
COTI Engage Five More Companies, Extends Cardano Stablecoin Djed Partnerships
– Advertisement – Djed is getting more and more attraction. As Cardano’s official stablecoin Djed edges close to its mainnet deployment, several organizations have indicated an interest in...
Solana-based Algorithmic Stablecoin, Nirvana, Loses USD Peg, Sheds 90% – crypto.news
Nirvana, the Solana-based stablecoin, is reported to have suffered a flash loan attack, leading to a loss of close to $3.5 million. According to the on-chain blockchain analytics firm, PeckShieldAlert...
Cardano Stablecoin Djed Mainnet Deployment Delayed
– Advertisement – Another Cardano project deployment has been delayed. COTI, a leading enterprise-grade fintech company, has provided an update about Cardano’s official stablecoin Djed d...
Solana-based stablecoin NIRV drops 85% following $3.5M exploit
Solana-based algorithmic stablecoin NIRV has become the latest stablecoin to fail after dropping 85% from its United States dollar peg following a hack on adaptive yield protocol Nirvana Finance on We...
Another Stablecoin Crash; This Time Its On Solana (SOL)
On July 28th, Solana-based decentralized finance protocol Nirvana Finance confirmed on twitter that it suffered a flash loan attack for USD 3.5 million which immediately led to the nosedive of its nat...
Algorithmic stablecoin collapse may crash crypto markets again, says IMF
The Director of Monetary and Capital Markets for the International Monetary Fund (IMF) has warned of further stablecoin failures. In particular, Director Tobias Adrian highlighted the risks of so-call...
US Stablecoin Bill Pushed to After August Recess
Bipartisan legislation to establish a regulatory regime for stablecoins in the U.S. has been pushed back to after the August recess. In a statement, Rep. Maxine Waters (D-CA) said, “Although the...
Clearpool launches uncollateralized stablecoin lending on Polygon
Clearpool, an uncollateralized stablecoin lending protocol, has expanded to Polygon, according to an announcement on Thursday. Clearpool provides uncollateralized USDC loans to institutions using dece...
Community Approves USD-Pegged Stablecoin By This DeFi Giant
DeFi giant Aave ecosystem will now have its own native decentralized, collateral-backed stablecoin GHO as the community approved the proposal. On the first day itself, the Aave community confirms thei...
Solana stablecoin Nirvana sinks 90% amid $3.5 million flash loan exploit
Nirvana Finance, a decentralized finance (DeFi) yield protocol on Solana, has suffered a flash loan exploit to the tune of about $3.5 million, according to PeckShield. Nirvana’s native token ANA...
Solana-based Algorithmic Stablecoin Nirvana Exploited of $3.49M
10 hours ago | 2 mins read Altcoin News There are two tokens in the Nirvana system: NIRV, a stablecoin, and ANA. Almost 82 percent of NIRV’s value has been lost. Nirvana, a Solana-based algorithmic st...
Solana-based Stablecoin NIRV Is Attacked, Rate Collapsed 90%
Gamza Khanzadaev Another algorithmic stablecoin crashed, this time on Solana blockchain According to crypto analytics company PeckShield, Solana-based Nirvana Finance was attacked, causing its own DeF...
Fate of stablecoin bill in doubt as House Financial Services Committee misses key deadline
The much talked-about but never resolved stablecoin bill still is not ready to see the light. With this Congress coming to a close and August recess beginning in days, the bill’s odds of becomin...
More Trouble For Algorithmic Stablecoin – IMF Director – Coinpedia – Fintech & Cryptocurreny News Media
The director of monetary and capital markets of the International Monetary Fund (IMF), Tobias Adrian, believes that uncollateralized and algorithmically-stablecoins might experience further sell-offs ...
Solana-Based Algorithimc Stablecoin Plummets 99% After a $3.5M Flash Loan Exploit
Solana-based decentralized finance yield protocol, Nirvana, is the latest victim of a flash loan attack in the cryptocurrency space. Data from blockchain security firm, PeckShield, revealed that the a...
USDC on track to flip USDT by Q3 to become leading stablecoin
The second biggest stablecoin by market cap, USDC, is expected to overtake USDT, according to analysts at Arcane Research. The Glassnode chart below shows relatively parallel growth for both tokens fr...
US stablecoin bill delayed until after congressional recess
The bipartisan bill on stablecoin regulation in the United States has been pushed back by the House Financial Services Committee, according to a statement issued by committee Chairwoman Rep. Maxine Wa...
US Stablecoin Bill Delayed by Congressional Committee Until After August
“Although the Ranking Member [Rep. Patrick McHenry], Secretary [Janet] Yellen and I have made considerable progress towards an agreement on the legislation, we are unfortunately not there yet, and wil...
IMF warns of more crypto pain ahead, including stablecoin failures
The International Monetary Fund’s (IMF) Director of Monetary and Capital Markets, Tobias Adrian, warned that more crypto projects might fail, particularly stablecoins. The comments made for unwelcome ...
USDC to surpass USDT as largest stablecoin? This report could be key
The much-talked-about fight between the stablecoins continues to see new daylight. Especially, with the ongoing feud between USD Coin (USDC) and Tether’s (USDT). Some analysts even say that the former...
Hacked Stablecoin Beanstalk Raises $9M for Market Protocol
A “significant portion” of the seed funding went to support a Beanstalk recapitalization token to pay back investors affected by the hack Root has been in talks with Polygon about using its zkEVM to v...
IMF Issues Warning, Says Recession To Drag Down Crypto and Spark Stablecoin Chaos: Report
An official from the International Monetary Fund (IMF) says that there could be further drops in both the equities and crypto markets in the near future. In a new interview with Yahoo Finance, Tobias ...