Ripple's RLUSD appears set to take on industry leaders in the stablecoin space. Since its official launch on Dec. 17, 2024, RLUSD has gained traction among cryptocurrency traders.

TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.

Ethena's USDe stablecoin recently surpassed Sky's Dai in market capitalization to become the third-largest stablecoin.

The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.

Ethena Labs is going through the most rapid expansion of the USDe supply in its history, boosted by bullish crypto sentiment.

Bitcoin-backed stablecoin USDa currently ranks second among the largest CDP projects, trailing only behind MakerDAO's DAI. The stablecoin issued by Avalon Labs has a total value locked (TVL) of $729 million and a borrow-supply ratio of 48%.

Ethereum Foundation (EF), a major non-profit organization dedicated to the long-term development of the Ethereum network, has continued with its Eth selling strategy. As a major grant source on the Ethereum network, the EF often engages in Ether selling for stablecoins to pay employees and services approved by the core team.

Sky co-founder Rune Christensen told Decrypt that Solana support "marks the beginning of a new multi-chain era for USDS."

The Ethereum Foundation sold 100 ETH for DAI, marking its first ETH sale since releasing its annual report. The sale is part of the foundation's strategy to fund public projects and maintain its financial reserves.

The Ethereum Foundation makes another DAI purchase by offloading 100 ETH on Nov. 12. This is the first time the protocol has sold ETH since releasing its annual report.

Rune Christensen, co-founder of the decentralized finance platform Maker (MKR), has clarified that while the upcoming stablecoin rebrand will introduce a freeze function, it will not be applied to the existing DAI stablecoin.

Household DeFi protocol Maker replaced its decentralized DAI stablecoin with centralized USDS as it rebranded to Sky. Users are not happy.

The co-founder of decentralized finance (DeFi) platform Maker (MKR) says that the rebrand of its stablecoin will have a freeze function but that DAI will continue to operate normally.

Tether's spike in wallet creation, along with Dai's growth, points to a potential crypto market revival driven by new capital.

Just a day after MakerDAO rebranded to Sky, the community has been debating the implications of the new freeze function. MakerDAO co-founder Rune Christensen steps in to provide clarity.

Maker Protocol, the DeFi lending platform, has officially rebranded itself as Sky and introduced a new suite of upgrades.

DAI holders will be able to upgrade to USDS 1:1, while MKR holders can convert to SKY at a 1:24,000 ratio.

Maker DAO reveals details of its major rebrand.

The attack highlights significant security risks in the DeFi space and underscores the need for heightened vigilance among Web3 users. The phishing incident unfolded when the attacker tricked the user into reassigning ownership of their DeFi Saver Proxy contract.

Decentralized blockchain protocol MakerDAO has announced an upgrade for DAI and MKR tokens. The platform released two new assets, NewStable and NewGovToken which will exist alongside DAI and MKR.

TL;DR MakerDAO launches the NewStable and NewGovToken, while maintaining the availability of the current DAI and MKR tokens. NewStable will replace DAI for new transactions at a 1:1 conversion rate, while DAI will continue to be used for specific applications.

New MakerDAO tokens have been introduced, while DAI and MKR will remain available.

A recent phishing attack targeting a prominent crypto whale has resulted in the theft of approximately $55 million worth of Dai tokens, drawing attention to the growing sophistication and frequency of cyberattacks within the Web3 ecosystem.

A Maker Vault was exploited via a compromised EOA, allowing the attacker to take control and target the Dai stablecoin.

A whale address lost 55.47 million DAI stablecoins. CertiK Alert observed the attacker had accessed externally owned accounts (EOA) using Inferno Drainer.

A crypto whale lost more than $55 million in DAI on Tuesday after signing an unverified transaction. This latest cautionary tale has reminded crypto holders of the dangers in the digital assets industry.

This incident represents a broader trend of rising numbers of attacks in the DeFi ecosystem.

Blockchain security platform Scam Sniffer reported that a crypto trader lost $55.47 million in DAI stablecoin to a phishing attack. According to the firm, the trader lost their assets after mistakenly transferring ownership of their collateralized debt position (CDP) on DeFi Saver Proxy to a malicious wallet.

In a dramatic illustration of the ever-present risks in the cryptocurrency world, a whale recently lost a staggering $55.47 million in DAI stablecoin due to a phishing attack unearthed by Lookonchain in a post on X. The attack has sparked renewed discussions on the importance of security measures and vigilance in the crypto space.

A whale address lost a substantial amount of DAI tokens to a phishing attack after carelessly signing a fraudulent transaction. On-chain data confirms that the losses amounted to a whopping $55.47 million in Dai (DAI).

A crypto whale lost about $55.4 million worth of Dai stablecoin to a phishing attack carried out with the Inferno tool.

MakerDAO is evaluating whether to halt the minting of its DAI stablecoin using Wrapped Bitcoin (WBTC) as collateral.

Exponential, an investment platform for crypto holders, has downgraded MakerDAO's DAI pool risk rating from Low to Average, according to the latest information shared with Finbold on August 9.

The hacker appears to be trying to cover their tracks while also preparing to launder the stolen funds.

A victim of a $24 million phishing attack has received a portion of his stolen funds back after the attacker willingly sent it back to him. According to web3 anti-scam solution Scam Sniffer, the attacker sent back $9.

In a strange turn of events, a phishing scammer has returned a large portion of funds it stole from a victim last September.

Uphold will stop supporting USDT, DAI, FRAX, and other stablecoins ahead of MiCA's implementation in the EEA. The post Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA appeared first on Crypto Briefing.

DAI seems unable to get its dollar peg back as it stays comfortably at $0.999.

The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.

Despite having no profiting outlook, stablecoins are part of every single investor, and there is more than one reason behind that. These are easily understandable by their name, Stablecoins, as in a comparatively stable cryptocurrency.

The original DAI will eventually phase out as users continue using PureDai or NewStable.

DAI's supply has been growing at a rapid pace since early March, rising more than 20%.

Aave has reduced its loan-to-value requirements for DAI after MakerDAO's stablecoin gained indirect exposure to Ethena's USDe.

Ethereum recorded unexpected growth in its stablecoins volume in April, led by the increasing use of DAI.

Flash loans using DAI appear to have pushed Ethereum stablecoin volumes to their highest monthly levels seen yet.

The volume of transactions of stablecoins, Tether (USDT), USD Coin (USDC) and DAI, has surpassed that of Visa in 2023.

Transaction volume in the past 30 days for Tether, USDC, and DAI, has surpassed Visa's 2023 monthly average, according to Nansen.