Tag: usd tether

USD₮0 Fuels XRP DeFi Growth with Zero-Cost Transactions

USD₮0 Fuels XRP DeFi Growth with Zero-Cost Transactions

USD₮0 is unifying liquidity across chains and creating an even stronger capital base for XRP DeFi. This is a great step forward in improving Flare users’ ability to quickly and easily send money. They are now able to send USD₮0 transactions as fee-less transfers.Since going live back in January, over...

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AAVE Price Surges as Market Indicators Suggest Bullish Momentum

AAVE, a leading decentralized finance (DeFi) protocol, is experiencing a surge in price as market indicators point toward potential bullish momentum. Analysis of AAVE's financials and holder behavior reveals key insights into the asset's current standing and future prospects. AAVE currently has the second most value locked in its platform....

Fantom Unveils Sonic Blockchain, Targets DeFi Efficiency and Scalability

Fantom has launched Sonic, a new Layer-1 network designed to optimize decentralized finance (DeFi) through enhanced efficiency, scalability, and profitability. Sonics introduces a number of prime innovations. These range from the SonicVM virtual machine to a high-capacity transactional processing system with volumes exceeding 10,000 TPS to the Sonic Gateway—a native...

Navigating the Crypto Landscape Top Trends Expected to Dominate 2025

Make no mistake—2025 will look radically different in the cryptocurrency space. Technological innovations, regulatory changes, and shifts in market demand will power this change. The industry has come a long way from its speculative roots, and trends are starting to point towards the promise of a more mature and integrated...

Loopscale Suffers $5.8 Million Loss in Solana DeFi Exploit

Loopscale, a Solana-based lending protocol had a recent security exploit. This unfortunate event resulted in a loss of $5.8 million, representing 12% of its total value locked (TVL). The platform, formerly known as Bridgesplit, officially went live on April 10. Unfortunately, it then became the target of a very sophisticated...

Loopscale Lending Protocol on Solana Halted After $5.8 Million Exploit

Loopscale, a decentralized finance (DeFi) lending protocol on Solana, temporarily halted its lending markets after suffering an approximately $5.8 million exploit. The protocol went live on April 10 following a six-month closed beta. It’s now leveraged by lending markets for tokens like JitoSOL and BONK. With about $40 million in...

Ripple's RLUSD Sees Rapid Growth on Aave, Market Cap Nears $300 Million

Ripple is throwing its weight behind a multichain future. A major component of this strategy is putting its real-world asset, RLUSD, on Ethereum. Aave, the popular decentralized lending protocol witnessed a major development on April 21. This allowed RLUSD to go live on its V3 Ethereum Core market. Together with...

Mutuum Finance Presale Gains Traction, Eyes Major Exchange Listings

Mutuum Finance is making quite a stir among the cryptosphere as its presale continues to fly off the shelves. Because of that momentum, the project has already raised over $7 million. It has gained almost 9,000 holders, a sign of impressive investor confidence in its new decentralized finance (DeFi) model....

Nvidia Prioritizes AI, Halts Support for Crypto Startups

Nvidia, a multinational technology company, is shifting its focus from cryptocurrency startups to artificial intelligence (AI), ceasing support for crypto-related ventures within its Inception initiative. This strategic pivot is indicative of the growing investment in AI technologies. We’ve seen governments, venture capitalists, and major tech corporations pouring billions into AI...