Mehen Finance launched USDM, Cardano's first fiat-backed stablecoin, offering price stability compared to existing algorithmic options. USDM aims to attract new users with a 1:1 USD peg & transparency via on-chain reserves. Public rollout for retail users is expected in April 2024.

OKX crypto exchange delisted USDT trading pairs for EEA-based users. The upcoming implementation of the MiCA regulation pushes market participants to make bets.

Ethena says it's a decentralized rival to stablecoins reliant on the traditional banking system — but its "synthentic dollar" has drawn unfavorable comparisons to ТerraUSD.

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's USDT stablecoin is the largest bridge between the crypto industry and the traditional financial system. The project has just passed another financial milestone.

As the stablecoin market surges, Circle's USDC emerges as a potential challenger to USDT's dominance, thanks to its growing supply, global adoption, and perceived stability.

Circle has announced that it will discontinue support of its stablecoin on the Tron blockchain to ensure that USDC remains trusted and transparent. But is there something more afoot?

The network was exploited via a rounding bug. The stablecoin fell to all-time low but is already on the way to recovering its peg to the U.S. dollar.