💲 Stablecoin issuers are the 18th largest holders of US debt; AAVE is considering to join Lido Alliance
💲 Stablecoin issuers are the 18th largest holders of US debt; AAVE is considering to join Lido AllianceStablecoin issuers are the 18th largest holders of US debt. AAVE is considering to join Lido Alliance. Blast will launch an airdrop on 26 June.Weekly DeFi IndexThis week's market capitalisation index was positive at +6.33%, while the volume and volatility indices were negative at -21.88% and -24.83% respectively.
Chart of the WeekStablecoin issuers are now the 18th largest holders of US debt. Collectively, they hold over $120 billion in US Treasury notes. This makes stablecoin issuers larger holders of US debt than some major current account surplus nations like South Korea, Mexico, and Germany. The largest stablecoin issuers holding US debt are Tether (USDT), with around $91 billion in Treasuries, and Circle (USDC), with $29 billion in short-dated US debt, according to the data from Tagus Capital. News Highlights
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📉 CRV dipped to all-time low; Tether announced new stablecoin aUSDT
Wednesday, June 19, 2024
$CRV dips to all-time low due to its founder's massive liquidations. Tether releases new stablecoin aUSDT backed by its XAUT. Ronin announces its zkEVM chain built on top of Polygon CDK. ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 📦 Ethereum blob usage shifted; Paxos launched a new stablecoin USDL
Thursday, June 13, 2024
Ethereum blob usage shifts with Taiko becoming one of the biggest consumers. Paxos launches a yield-bearing stablecoin USDL. ZKsync announces its airdrop plan. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 💪 The stablecoin market showed robust activity with $846 billion on-chain trading volume in …
Wednesday, June 5, 2024
The stablecoin market showed robust activity in May. Ethena Labs integrated its USDe and sUSDe into the Blast L2. Linea L2 halted block production due to a security incident from the Velocore. ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 💸 Solana allocates 100% of priority fees to validators; Nomura explores stablecoin issuance …
Monday, June 3, 2024
Solana passes a proposal to allocate all priority fees to validators. Nomura explores stablecoin issuance in Japan. Maple Finance launches Syrup providing institutional yield. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 🏇 The landscape of liquid staking on Solana has shifted; DTCC & Chainlink completed a pilot …
Wednesday, May 22, 2024
The landscape of liquid staking on Solana has shifted. ZkSync announces the final upgrade before it hands over the governance to the community. LayerZero concluded the sybil self-reporting phase. ͏ ͏ ͏
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