Pendle Adds Support for eUSD Issued by Lybra Finance
On September 16th, Lybra Finance announced on X platform that Pendle now supports eUSD, the interest-bearing stablecoin issued by Lybra Finance.
Cross-Border Payment Platform Parallax Completes US$4.5 Million in Seed Round Financing, Led by Dragonfly Capital
Cross-border payment platform Parallax announced the completion of a $4.5 million seed round of financing, led by Dragonfly Capital, with participation from Circle Ventures, General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance, and angel investors Balaji and Zach Abrams. The new funds will be used to continue expanding the team and business scale. Parallax's initial product allows users outside the United States to open a virtual USD account and receive USD using only their passport. The team is building and expanding stablecoin cross-border payment functions.
Binance Adds Support for Popular Cryptocurrencies with First Digital USD Stablecoin Pairing
Binance, the world's largest cryptocurrency exchange, has announced that it will support trading of popular cryptocurrencies with the First Digital USD (FDUSD) stablecoin pairing. FDUSD was launched in June 2023 by First Digital, a Hong Kong-based custodian and trust company, in response to Hong Kong's new crypto regulatory regime.
Huobi Will List PYUSD (PayPal USD) at 11:30 on September 6
Huobi will open its PYUSD (Paypal USD) deposit service on September 6th at 11:30 (GMT+8), as announced on its website. On September 7th at 19:00 PM (GMT+8), the PYUSD trading pair (PYUSD/USDT) will be available for trading. On September 11th at 19:00 PM (GMT+8), the PYUSD trading pair (BTC/PYUSD) will be available for trading.
Stablecoin Protocol Raft Releases V2 Version, Stablecoin R Has a Fixed Annual Interest Rate of 6%
Raft, a collateralized stablecoin protocol based on stETH, has released version 2, introducing a fixed annual interest rate of 6% for stablecoin R. At the same time, a PSM module has been launched to promote mutual exchange between DAI and R at a fixed rate to maintain the exchange rate of R.
US Dollar Stable Currency TUSD Launches New Website, Exchange and Minting Are Currently Normal
Stablecoin TrueUSD (TUSD) has announced on its official social media that it has launched a new website tusd[.]io. The new platform features new graphics and intuitive navigation, aiming to enhance the user interface and experience.
Circle Will Issue Native USDC on Cosmos via Noble
Circle will issue native USDC on Cosmos through Noble. This stablecoin can always be exchanged 1:1 for US dollars and has institutional deposit and withdrawal channels.
Bloomberg Analyst Predicts Ethereum Will Win "Stablecoin Wars" Amid Massive Adoption Trends
According to a crypto market analyst at Bloomberg Intelligence, Ethereum is poised to win the "upcoming stablecoin wars" due to its ecosystem, including layer-2 projects like Optimism, Base, and Arbitrum. However, the analyst notes that transferring the top stablecoin, Tether, is more expensive on Ethereum than on other networks.
The Circulation of the Stablecoin UXD Has Now Exceeded 17 Million
Algorithmic stablecoin protocol UXD Protocol officially announced that the issuance of stablecoin UXD has now exceeded 17 million.
Hope.money Released a New Roadmap To Build Next Gen Money in Three Phases
The distributed stablecoin project Hope.money has announced its new project roadmap to the community today:
