The supply of yield-bearing stablecoins has surged since the passing of the GENIUS stablecoin bill in July, which prohibits issuers from offering yields on stablecoins.Data shows the biggest beneficiaries have…
In brief
The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said.
Wyoming’s Select Committee on Blockchain…
Binance has integrated Circle’s USYC token into its
platform, allowing institutional clients to use this tokenized money market
fund as off-exchange collateral in derivatives trading. This collaboration aims to meet growing institutional
demand…
Ethereum's native token ether (ETH), is gaining ground against bitcoin , as the impending GENUIS Act is likely to ban yield-bearing stablecoins that promise interest-like returns, according to Markus Thielen,…
Congress may pass the most consequential crypto law of the decade this week while drawing a bright red line through one of DeFi’s murkiest gray areas: yield-bearing stablecoins.At first glance,…
Lending platform Maple Finance is expanding to the Solana network in a bid to reach a broader class of users. According to a June 5 announcement shared with Cointelegraph, the…
Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the…