50,000 Europeans Fight ECB Bid To Extend MiCA Yield Ban To DeFi
Europe’s central banks want MiCA’s stablecoin yield ban extended to DeFi lending and staking. 50,000 Europeans, Circle and Aave Labs push back.
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July 18 GENIUS Rules Bar Yield, DeFi Pays Up To 8%
The GENIUS Act’s final rules land July 18, banning stablecoin yield and pricing out $200M issuers. DeFi on Ethereum and Solana still pays up to 8%.
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Invesco Files On-Chain Reserve Fund For $300B Stablecoin Market
Invesco filed an on-chain stablecoin reserve fund via Superstate, targeting the $300B market. A KYC Allowlist locks retail out, even as it backs your USDC.
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apxUSD Depeg Deepens To $0.80, DeFi Loans At Risk
apxUSD has slid to $0.80, down 20%, as its STRC and Strive collateral cracks. Here is what the depeg means for any wallet using it as DeFi collateral.
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MIM Crashes To $0.50, Abracadabra Hikes Cauldron Rates
MIM crashed near $0.50, about half its dollar peg, before Abracadabra hiked Cauldron rates to force repayment. Here is the exit math for MIM holders.
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£20K Cap Gone: Bank Of England Sets £40B Stablecoin Ceiling
The Bank of England scrapped its £20,000 stablecoin holding cap for a £40B per-coin limit. USDC and USDT stay outside the rules and still pay no yield.
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Venus Adds Tesla, Nvidia Stock Collateral, Borrowing At 0
Venus added Tesla, Nvidia and SpaceX stock as collateral on BNB Chain at 60% factors, but set borrow caps to 0. Here is what it means for a DeFi wallet.
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msUSD Depegs 71% As Accountable Ends Proof Of Reserves
Main Street USD crashed 71% to $0.29 after Accountable cut its proof-of-reserves feed. The msY market on Morpho lost its anchor too.
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$121M State Street Fund Backs Stablecoin Reserves Under GENIUS Act
State Street launched its $121M SSCXX fund to back stablecoin reserves under the GENIUS Act. Here is why holders see none of the 3.51% yield.
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KRWQ Adopts Chainlink Proof Of Reserves For Won Stablecoin
KRWQ is the first Korean won stablecoin to add Chainlink Proof of Reserve. Here is how a DeFi wallet can verify the backing before holding it.
