Ethena proposes adding Solana and liquid staked SOL variants as reserve assets for its USDe stablecoin, potentially unlocking billions in additional open interest and boosting the ENA token price.

Ethena Labs has proposed adding Solana (SOL) to the collateral mix of its synthetic stablecoin USDe, targeting a $100-200 million initial allocation.

With Bitcoin making a comeback above the $64,000 mark, the anticipation of an October rally in the crypto market is beginning to resurface. Amid the increasing bullishness, the Ethena Labs token, ENA, is ranking among the top performers.

In the latest development, the Ethena community introduced a new proposal that seeks to use Ethereum's Layer-1 competitor Solana as a reserve asset for its synthetic dollar USDe. This development has sent the Ethena (ENA) price soaring by another 17% today to $0.39 thereby taking its market cap above $1.06 billion.

If the proposal is approved, SOL will join BTC and ETH within Ethena's collateral mix.

Tether said the next ten years would be focused on solving big problems, such as regulatory clarity in the crypto space.

Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges in Europe.

Tether co-founder Phil G Potter donated almost half a million dollars towards the Commonwealth Unity Fund (CUF), which is meant to support John Deaton. This comes as the 57-year-old John Deaton, the Republican hopeful is looking at ousting the Democratic candidate Senator Elizabeth Warren in Massachusetts.

Crypto prices for some coins rose sharply as the cryptocurrency market experienced notable gains on Friday, October 11. Bitcoin reclaimed $62k and most top altcoins traded higher, with notable surges for Ethena and Celestia.

The cryptocurrency universe prepares for another bearish market wave for certain altcoins, raising investor concerns globally. Recent data from the Token Unlocks app indicated that nearly $300M worth of tokens are set to be released into the market over the coming week.

On October 10, Ethena unveiled the assets selected by its risk committee to allocate its Real World Assets (RWA) reserve fund.

USDT, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30.

Decentralized finance protocol Ethena will allocate $46 million of its Reserve Fund in various tokenized real-world assets. Ethena (ENA) announced the decision on Oct.

TL;DR Ethena has allocated $46 million of its Reserve Fund to real-world asset-backed (RWA) assets. Selected assets include BUIDL, USDS, USDM and USTB, seeking diversification and yield. This move aligns with the trend of DeFi platforms investing in real-asset-backed products to generate yield.

Ethena's $46 million allocation fits into the growing trend of DeFi platforms and protocol foundations investing in real-world asset-backed products to earn a yield without leaving blockchain rails.

The European Securities and Markets Authority declined to disclose whether USDt is “noncompliant” but said it is working on solutions to issues in the framework.

El Dorado, a Latam-focused peer-to-peer (P2P) exchange, has partnered with Tron DAO to offer gasless TRC20-USDT transactions for its customers. Until October 30, each user will be able to perform a limited number of withdrawals with no costs associated.

On Sunday, Tether, the issuing company behind the largest and most widely used stablecoin on the market USDT, marked a significant turning point by celebrating its 10th anniversary.

TL;DR Market Surge: The stablecoin market has reached a total market capitalization of $169 billion, with Tether (USDT) leading the growth, increasing its market cap by $28 billion to nearly $120 billion this year.

USDT dominance movement reveals an interesting connection with crypto price movements.

According to the latest report from CryptoQuant, stablecoin liquidity has crossed new records, largely due to Tether and Circle. Ripple entered the space with its new RLUSD token.

USDT, the stablecoin issued by Tether, is reportedly experiencing the impacts of Chinese investors suddenly returning to their nation's stock market. According to a new report by Bloomberg, USDT has at times traded below the value of the US dollar since the end of September.

In a recent interview with Fox Business, Tether CEO Paolo Ardoino confirmed that the USDT stablecoin is 104% backed.

Paolo Ardoino, the CEO of Tether, the global firm behind the most widely used dollar-backed crypto token, USDT, gave a rare interview with FOX Business.

Stablecoin issuer Tether has revealed a 10-year roadmap aimed at launching new tokens to promote financial inclusion and innovation in areas such as AI, energy sustainability, and blockchain education. This strategic outline, presented during the company's 10th-anniversary event, reinforces Tether's dominance in the stablecoin sector.

On October 6, 2024, Tether, the issuer of the USDT stablecoin, celebrates its 10th anniversary with the release of a documentary titled "Stability and Freedom in Chaos." This film highlights the significant impact of USDT in countries like Turkey, Brazil, and Argentina, where rampant inflation has driven citizens to seek crypto alternatives to protect their wealth.

Binance's latest proof-of-reserves report shows a notable decline in user assets in September as the crypto market wandered in the red zone.

The world's leading stablecoin provider, Tether, has announced a remarkable achievement: it has now surpassed 350 million users just a decade after its 2014 launch.

The news comes amid the company's 10-year anniversary celebration.

TL;DR Bybit Launchpool has introduced the SUI token as its first native pool, aiming to expand the token offerings and strengthen community activity. The exchange has replaced the USDT pool with USDC to enhance the user experience, providing greater stability and reliability in transactions.

Tether marked its 10th anniversary on Monday, celebrating a market capitalization nearing $120 billion with over 350 million users globally.

Bybit Launchpool now supports the SUI pool, its first native token pool. Bybit also replaces the USDT pool with USDC and introduces the NAVI token in the SUI ecosystem.

Tether celebrates USDT's 10th anniversary, highlighting its dominance in inflation-affected countries and plans for future expansion beyond financial tools.

The United States alleges that a North Korean hacking group conducted a series of brazen heists, targeting both traditional financial institutions and the crypto space.

Tether celebrates 10 years of innovation, solidifying its role as the leading stablecoin with 350 million users worldwide. Discover Tether's impact on global finance and its future vision.

The company is preparing to become compliant with the European MiCA to avoid delisting.

Bitcoin poised for gains as metrics and liquidity signal potential bullish trend.

Stablecoin issuer Tether is celebrating its 10th anniversary along with the success of its flagship product, USDT.

Coinbase is preparing to delist stablecoins that don't adhere to European regulations by year's end. The move, as reported Friday (Oct. 4) by Bloomberg News, comes as the European Union's Markets in Crypto-Assets Regulation (MiCA) is introducing tougher oversight of cryptocurrency companies.

Here's how some of your favorite assets wrapped up the week.

Coinbase has announced plans to delist Tether's USDT and other stablecoins that do not comply with the European Union's Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase's efforts to adhere to the new rules, which require stablecoin issuers to obtain an e-money license in an EU member state.

Coinbase reportedly plans to cut support for certain stablecoins in the European Union (EU) by the end of the year. A spokesperson for the crypto exchange tells Bloomberg the exchange will delist stablecoins in Europe that don't comply with the EU's Markets in Crypto-Assets Regulation (MiCA).

With the altcoins market, excluding Bitcoin and Ethereum, crashing under $600M, bearish clouds turn darker over crypto. Amid such conditions, a fresh recovery day with BTC hitting $62k shows a relief jump in altcoins. Further, despite the global tensions heating up, these altcoins are teasing a bounce back next week.

to the MiCA regulation by the end of December 2024. This decision is part of the company's compliance with the new regulatory requirements of the European Union for the digital asset sector.

Tether is preparing to launch a new technology specifically for the European market. This strategic move comes in response to changing regulatory frameworks in the region, especially as MiCA (Markets in Crypto Assets) regulations come into full effect.

The U.S. government is taking legal action to seize 200,000 tether (USDT), worth $200,000, linked to a major cryptocurrency fraud. The funds, converted from stolen bitcoin, could soon be returned to the Ohio victim after a forfeiture trial. Investigators used blockchain technology to track the illicit funds, leading to their freeze and eventual federal seizure.

Tether's new tech solution may influence stablecoin compliance strategies, impacting regulatory adaptation and market dynamics in Europe. The post Tether to unveil new tech solution for European market amid Coinbase delisting rumors appeared first on Crypto Briefing.