Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’

Ethena Onboards Bitcoin as Backing Asset to Make USDe ‘Safer’

On Ethena, users can deposit stablecoins such as tether (USDT), frax (FRAX), dai (DAI), Curve USD (crvUSD) and mkUSD to receive Ethena’s USDe, which can then be staked. Unstaking takes seven days. The staked USDe tokens can be supplied to other DeFi platforms to earn additional yield. Source link

Robinhood Initiated as Market Perform at KBW as Retail Trading Returns

Robinhood Initiated as Market Perform at KBW as Retail Trading Returns

“With Robinhood only having ~1% share of U.S. self-directed assets, but ~20% share of estimated total U.S. self-direct brokerage accounts, we believe there is room for HOOD to outpace the overall asset growth in the self-directed industry as its core client cohort matures,” the authors wrote. Source link

Dogecoin Bets Jump to $2B as Price Reaches Highest Level Since 2021

Dogecoin Bets Jump to B as Price Reaches Highest Level Since 2021

“Dear #Dogecoin, with X’s new payment branch being awarded more licenses in the U.S., many are speculating about the implementation of crypto payments in the platform,” Dogecoin developer @@mishaboar said in an X post Thursday. “Early this month, Elon said X is very close to landing a money transmitter license …

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