Ethena Labs, a decentralized protocol focusing on the yield-bearing USDe stablecoin, has stirred debate among crypto traders since its public introduction in February, with comparisons drawn to the Terra ecosystem, which collapsed in 2021.
Read MoreEthena Labs, a decentralized protocol focusing on the yield-bearing USDe stablecoin, has stirred debate among crypto traders since its public introduction in February, with comparisons drawn to the Terra ecosystem, which collapsed in 2021.
Read MoreProminent stablecoin issuer Tether, the business behind the biggest stablecoin in the world, USDT, has covertly added 8,888.888 BTC to its holdings for a total of about $618 million, bringing its total holdings of Bitcoin to approximately 75,354 BTC.
Read MoreOver the previous three weeks, the major stablecoins' supply appears to have been acquired by whale entities, according to on-chain data, at a rate of approximately 5%.
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