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Ethereum24h $2,633.46-1.50%

XRP24h $2.25-3.52%

BNB24h $687.71-0.17%

Solana24h $170.56-4.28%

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Maker will be able to remotely freeze its new USDS stablecoin

Maker DAO is incentivizing DAI holders to convert their stablecoins into the new, reward-yielding USDS, which has a remote freeze capability.

Fantom stablecoin watcher alleges ‘liquidation’ scheme

Two Fantom-supported stablecoins, FUSD and USDC.E, had an odd collateral repayment scheme that one user called a ‘forced liquidation.’

Real-world adoption of PayPal’s stablecoin PYUSD has been sluggish with just $45M in reserves reported so far.

Total stablecoin market cap has fallen for 14 consecutive months and currently sits at its lowest level since September 2021.

The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.