Browsing: DeFi

A CryptoQuant analysis by contributor Darkfost found liquidity flowing into the crypto market remains insufficient, keeping the recovery in stablecoin market capitalization slow. Stablecoin market cap has fallen by $14 billion since May, though it has risen by about $4…

The Korea Institute of Finance has advised South Korea’s Financial Services Commission to classify decentralized finance, or DeFi, and over-the-counter, or OTC, support providers as unlicensed virtual asset operators and restrict domestic users’ access or trading with them, Digital Asset…

Aave founder Stani Kulechov expressed disappointment with regulatory discussions by the European Central Bank and the European Banking Authority related to MiCA, saying proposals to require suitability reviews for DeFi users and apply certification rules to DeFi lending protocols are…

Software company Utexo plans to issue USDT on the Bitcoin network this month, CoinDesk reported. Utexo has secured a commercial license for Bitcoin-based USDT issuance and plans to provide APIs, SDKs and cloud infrastructure to exchanges, wallets and payment service…

Polygon has launched a stablecoin-based euro-dollar exchange pool that is not tied to traditional bank foreign-exchange market hours. Monerium, Frax and Capa launched the EURe/frxUSD trading pair on Uniswap V3, enabling direct swaps between regulated euro liquidity and dollar-denominated stablecoin…

Aave V4 topped $1 billion in deposits for the first time in September, while lending volume grew to about $310 million. Aave also expanded into an institutional market built around stablecoins and a market for tokenized stocks, and deployed its…