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L1 Public chain Somnia announces the launch of the ecological stablecoin USDso
L1 Public chain Somnia announced the launch of the ecological stablecoin USDso, issued and operated by the decentralized stablecoin protocol Frax Finance based on the frxUSD architecture.USDso adopts an over-collateralization model and is backed by assets such as U.S. Treasury bonds, allowing it to ...
U.S. Private Debt Hits Record Defaults, Increasing Pressure on Markets
The default rate for private credit borrowers in the United States rose to 6.3% in the 12 months ending in August, according to Fitch Ratings. This figure marks a new historical high and reveals particularly intense pressure on small companies in the health and industrial sectors, whose variable-rat...
Tether Blocks $52 Million in Operation with FBI and DOJ
"We should never touch the protocol again. The experimentation phase was 10 years ago," says Cobra about Bitcoin
Cobra, the owner of Bitcoin.org, reiterates his defense of Bitcoin's ossification and warns against the use of AIs in the development of the project.
$55 million Aave stablecoin pool sees just $4.4 million available for withdrawals
Aave stablecoin yields can rise as deposits leave. The Monad USDT0 pool shows why unborrowed liquidity and reward incentives matter for withdrawals.
EU Tightens Rules for Cryptocurrency Wallet Manufacturers
In the European Union, providers of hardware and software cryptocurrency wallets must now report any vulnerabilities found within 24 hours of their discovery. This requirement is enshrined in the EU Cyber Resilience Act (CRA), with the new provisions coming into effect on September 11.
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