Stablecoins remain one of the top use cases in crypto, with the market showing tremendous growth year over year. USDC market share climbs to 25% taking 4% from USDT. The velocity measure for USDT of Tron and USDC is almost equal, while USDT on Ethereum moves two times slower.

With the rebrand complete, two new tokens, $SKY, and $USDS, are set to be introduced, each designed to streamline governance and enhance regulatory compliance of the project.

Endgame will launch this summer with two new tokens alongside self-governing SubDAOs, aiming for long-term stability and growth of its DAI stablecoin.

The decentralized stablecoin project MakerDAO saw another shake last weekend, this time caused by the bullish outlook on the crypto market. It prompted an emergency intervention by the project’s guardians and put the project in hibernated mode right before the launch of its Endgame

Tether is winning the stablecoin race so far, making it not only the best blockchain use case, but also shaping the future of digital money.

MakerDAO's founder, Rune Christensen, introduced the Endgame update to the community on May 11. The update's roadmap outlines five launch phases that involve the introduction of artificial intelligence (AI) tools to improve participation, resiliency, and efficiency.

On March 20, a vote was opened for the MakerDAO community to ‘normalize’ the parameters of the Price Stability Module (PSM). As a result, USDC remained the main reserve asset of PSM.

Arthur Hayes, the co-founder and former CEO of crypto exchange BitMEX, criticized both custodian and decentralized stablecoins and proposed a new stablecoin called the Satoshi Nakamoto Dollar, or NakaDollar (NUSD). Unlike existing stablecoins, NUSD would be supported only by Bitcoin.