Solana’s USX Stablecoin Loses Peg, Drops to 10 Cents Before Recovery

USX stablecoin plunges to $0.10 on Solana but recovers to $0.94 following liquidity injections, exposing huge vulnerabilities in DeFi markets.

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Solana: Top 3 reasons SOL’s stablecoin flow could be its biggest edge yet!

Key Takeaways What gives Solana its edge in the stablecoin market? Solana can capitalize on short-term adoption and liquidity inflows faster than larger networks like Ethereum, enabling faster DeFi The post Solana: Top 3 reasons SOL’s stablecoin flow could be its biggest edge yet! appeared first on AMBCrypto.

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Circle Mints Another 1.25 Billion USDC Tokens On Solana, Strengthens Solana as Leading Stablecoin Network

The massive injection of 1.25 billion USDC on Solana indicates Solana’s growing role in stablecoin applications across the DeFi landscape and crypto markets.

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Solana Foundation partners with Wavebridge to develop KRW stablecoin

The Solana Foundation has struck a major partnership with Wavebridge, a Korean blockchain infrastructure firm, pushing towards a KRW stablecoin. The Solana Foundation has entered a new strategic partnership with Korean blockchain infrastructure firm Wavebridge to develop a KRW-pegged stablecoin and institutional-grade tokenization…

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Solana Breaks $1B Stablecoin Inflow as Solaxy Raises $7M – Headed for Success?

The turn of the year shines bright on Solana as the ecosystem received over $1B in stablecoin inflows in December. How and why did this happen? Easy – stablecoins exploded in popularity after Trump’s November victory, and Solana’s status as the home of the best meme coins formed a natural combo. $SOL also rebounded from […]

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Sky’s USDS stablecoin goes live on Solana, promising over $500K weekly rewards

DeFi platform Sky, formerly MakerDAO, has launched its stablecoin, USDS, on the Solana blockchain. The lending protocol will leverage Solana’s expanding decentralized finance (DeFi) landscape to promote stablecoin’s early adoption.

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PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana

The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth.

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Paypal's Stablecoin Launches on Solana

Solana has welcomed PayPal's stablecoin

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Solana (SOL) Stablecoin Transaction Growth Spotlighted by Visa

Solana (SOL) stablecoin dominance teased despite network congestion

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Circle expands its Web3 Services to Solana as stablecoin transfers surge

Circle is expanding support for the Solana blockchain and USDC stablecoin integration as a report shows Solana processes 43% of all stablecoin transfer volume.

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How Circle Will Fuel Stablecoin Liquidity on Solana

Circle is set to enhance stablecoin liquidity on Solana through its Cross-Chain Transfer Protocol (CCTP), allowing seamless USDC transfers. The post How Circle Will Fuel Stablecoin Liquidity on Solana appeared first on BeInCrypto.

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SOL Price Reacts As Visa Expands Stablecoin Settlement Pilot To Solana

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Euro Stablecoin EUROe Launches on Solana, Fiat Gateway Available

First MiCA-compliant stablecoin by Membrana Finance kicks off on Solana (SOL) blockchain, expands to crypto-to-fiat payments app Wirex

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Euro Stablecoin on Solana Expected to be Fully MiCA Compliant

Membrane Finance introduces Solana's first euro stablecoin, EUROe, expanding blockchain transaction possibilities in Europe.

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BREAKING: Did Solana Miss A Golden Opportunity To Collaborate With PayPal’s PYUSD Stablecoin?

Reports indicate that PayPal’s stablecoin, PYUSD, was originally intended to be launched in collaboration with FTX on the Solana blockchain in 2022.   However, unforeseen circumstances led to a sudden suspension of these plans.

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As Democrats Blast Draft Stablecoin Bill, TMS Network (TMSN) Soars, Above BNB (BNB) and Solana (SOL) in Crypto Markets Upset

A bipartisan bill calling for stablecoin oversight has been kicked into touch by Democrats, claiming the bill does not go far enough.   Tokens like Solana (SOL) and BNB (BNB) currently operate without any form of formalized regulations.

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Solana's latest surge can kickoff a bullish wave — will SOL get up to speed?

Solana observes a spike in activity, stablecoin, and DEX volumes increase. The price of Solana continues to decline, however, stakers remain optimistic about the network. Solana [SOL], despiThe post Solana's latest surge can kickoff a bullish wave — will SOL get up to speed? appeared first on AMBCrypto.

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Solana DeFi Project Mercurial to Relaunch as 'Meteora,' Replace MER Token

DeFi stablecoin exchange Mercurial is going to relaunch as Meteora and rebalance its tokenomics.

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New Cardano (ADA) Pair Added to Binance.US

Binance.US has allowed its users to trade Cardano (ADA) and Solana (SOL) against the second-biggest stablecoin

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Tether withdrew $1 billion USDT from the Solana blockchain as part of the swap

Tether announced a swap, as a result of which the company converted $1 billion USDT stored on the Solana blockchain, transferring its stablecoins to Ethereum The issuer of the USDT Tether stablecoin announced the commission of a large-scale swap between blockchains.

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Tether Ditches Solana, Performs $1 Billion USDT Swap

In a backward move for the Solana ecosystem, stablecoin issuer Tether is set to swap 1 billion USDT on Solana for ERC20 tokens for use on Ethereum The post Tether Ditches Solana, Performs $1 Billion USDT Swap appeared first on BeInCrypto.

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Why Binance And Top Crypto Exchanges Halt Transactions With Solana Stablecoins

Binance and other top crypto exchanges halted stablecoin deposits from the Solana (SOL) blockchain. The companies released an official statement claiming that the measure will be temporary, but it could have harmful implications for the SOL ecosystem.

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USDC Issuer Circle to Add Solana Support for Euro Coin in 2023

Stablecoin issuer Circle said it will add support for Euro Coin on the Solana blockchain early next year.

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Hubble Protocol laser-focused on Latin America, the new stablecoins’ growth base

Hubble Protocol, the home of Solana’s premier stablecoin USDH, is laser-focused on Latin America. Hubble’s co-founder Marius Ciubotariu believes that Latin America provides a new growth base for stablecoins.

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Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers

Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain.  Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields in a fully automated way simply by depositing their crypto into vaults … Continued The post Hubble Protocol Launches Kamino Finance To Optimize Yields for Solana Liquidity Providers appeared first on BeInCrypto.

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Why Solana [SOL] hiked at the back of Nirvana flash loan exploit

Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its resThe post Why Solana [SOL] hiked at the back of Nirvana flash loan exploit appeared first on AMBCrypto.

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Solana-based Stablecoin NIRV Is Attacked, Rate Collapsed 90%

Another algorithmic stablecoin crashed, this time on Solana blockchain

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UPFI Network integrates Chainlink Price Feeds on Solana for stablecoin operations

According to an official announcement on Wednesday, UPFI Network has incorporated Chainlink Price Feeds into the Solana mainnet. Soft-pegged to the U. S. dollar, UPFI is a partly collateralised and partially algorithmically stablecoin platform.

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Decoding the if, but, and so of 'Cashio Hack'

DeFi hacks have become a major concern for the entire crypto ecosystem. In a recent incident, Solana's stablecoin project Cashio lost $50 million in a hack. Dozens of victims were left shocked after tThe post Decoding the if, but, and so of 'Cashio Hack' appeared first on AMBCrypto.

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Diem co-founder asserts Bitcoin will be the No. 1 asset in 20+ years, but sees Solana coming for Ether’s spot

According to David Marcus, the former Facebook executive who also co-founded the Diem stablecoin, Bitcoin will remain the global leader in the crypto segment for the next 20 or even more years. Moreover, its market value will continue increasing at compounding interest over time.

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UST: This latest initiative by Terra's ecosystem is reshaping algorithmic stablecoins

Decentralized stablecoin issuer Terra issued a proposal to expand the interchain deployment of its TerraUSD (UST) stablecoin. Namely across five projects on Ethereum, Polygon and Solana. Terra would pThe post UST: This latest initiative by Terra's ecosystem is reshaping algorithmic stablecoins appeared first on AMBCrypto.

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Why Hubble Protocol Is The Hottest IDO On The Market This January

Decentralized finance (DeFi) on Solana has been growing at a massive rate. One project to look out for, Hubble Protocol, will be making a huge addition to the DeFi offerings on Solana when it launches a stablecoin borrowing platform (being called “the MakerDAO of Solana”) on Mainnet Beta this January 28th, 2022.

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Crypto.com Integrates with Solana, App Becomes 3rd Most Downloaded as Ad Featuring Matt Damon Airs Worldwide

Cryptocurrency exchange Crypto. com is now supporting deposits and withdrawals on Solana, starting with the stablecoin USDC. This support has been in addition to ERC20, BEP20, Arbitrum, and the Polygon Network.

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Solana stablecoin platform Mercurial to get development boost from DeFi Alliance

Mercurial Finance, a project building a stablecoin infrastructure for the Solana blockchain, announced it has formed a new strategic partnership with DeFi Alliance. The aim is to improve the Mercurial platform in order to grow the liquidity of stable assets in Solana’s ecosystem.

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ICHI launches ‘Decentralized Monetary Authority’ for stablecoin issuance

The ICHI ecosystem has attracted several high-profile partners, including Solana, Moonbeam, SushiSwap, 1inch Network, Loopring and Bancor.

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Tether (USDT) Launches on Avalanche Which is Burning Fees at Increasing Speed

The Largest stablecoin with a market cap of nearly $59. 5 billion, Tether is further expanding to now cover Avalanche as well. Launched in late 2014, Tether is already supporting Bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron, Algorand, and Solana blockchains.

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Tether (USDT) to Become First Stablecoin on Polkadot (DOT) And Kusama (KSM) Network

Following additions on Ethereum, Tron, and Solana, Tether (USDT) is joining the Polkadot blockchain. According to a blog post, the largest stablecoin is joining the latter blockchain’s cousin, Kusama, in a bid to become the first stablecoin on Polkadot.

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Solana (SOL) integrates Tether (USDT) tokens into its platform

The largest stablecoin by market cap Tether (USDT), is now available on the Solana (SOL) blockchain. After it was made known to the public, Solana (SOL) tokens increased by 16% to $16. 06 but have been corrected slightly.

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Tether USDT Stablecoin Now Live on Solana

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Stablecoin Tether gets minted on Solana blockchain for the first time

The USD pegged stablecoin has been minted on the high-speed blockchain months after announcing Solana as an issuer. The post Stablecoin Tether gets minted on Solana blockchain for the first time appeared first on CryptoSlate.

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First Tether (USDT) Minted on Solana; Stablecoin USDC Launched on Stellar

Stablecoin issues Tether first announced during the summer of 2020 that it had launched its USDT coin on Layer 1 blockchain Solana, which claims to be faster and cheaper than Ethereum. Now, the first USDT has been finally minted on the Solana blockchain, as announced by Paolo Ardoino on Twitter late on Tuesday.

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Solana Introduces USDC Support Amid Stablecoin Race

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Circle's new partnership will bring USDC stablecoin to Solana blockchain

With several blockchains integrating the USDC stablecoin last week, crypto payments tech firm Circle announced today that it would now make the dollar-backed stablecoin available for the Solana blockcThe post Circle's new partnership will bring USDC stablecoin to Solana blockchain appeared first on AMBCrypto.

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Coinbase and Circle Consortium’s USDC Stablecoin is Now Integrated on Solana Blockchain

The Center announced today Solana blockchain as an official Chain for its USDC stablecoin. As an expansion of the “fully-reserved and regulated digital dollar stablecoin,” the Coinbase and Circle consortium went with the new blockchain on which crypto derivatives platform FTX’s DEX Serum is built.

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Tether launches on Solana to leverage high speeds and low costs

Tether, the company behind the USDT stablecoin, has announced that it has launched its coin on Solana, a blockchain platform that aims to compete with Ethereum. The post Tether launches on Solana to leverage high speeds and low costs appeared first on CryptoSlate.

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Tether launched on Solana blockchain

In a recent announcement today, the widely-used stablecoin tether (USDt) will be launched on Solana, a high-speed blockchain network. This would be the first time a stablecoin has been integrated withThe post Tether launched on Solana blockchain appeared first on AMBCrypto.

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Tether выпустила стейблкоин USDT на блокчейне Solana

Компания Tether сообщила о запуске стейблкоина USDT на блокчейне Solana. Tether to be the first stablecoin to launch on Solana, an ultra high-speed Layer 1 Blockchain! The collaboration between #tether and @solana will enable Institutions to trade $USDt at Nasdaq Speeds, confirming USDt’s pivotal role in supporting innovation in the crypto ecosystem.

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Solana Partners with Terra to bring Stablecoin into dApp Ecosystem

Blockchain network Solana has partnered with Terra to bring stablecoins into its dApp ecosystem

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Solana Blockchain Adds Korean Stablecoin Terra for Better Payments

Solana is adding the Terra stablecoin in an effort to bring "novel applications that require price-stable payments" to its high-throughput blockchain.

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