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This morning, USDB, the stablecoin launched by Blast, experienced significant volatility, dropping over 5% to a low of $0.9421 before rebounding to approximately $0.9945. USDB Drama: Lessons from the Depeg USDB, the stablecoin launched by Blast, took a dive this morning, slipping over 5% to $0.9421 before bouncing back to around $0.9945. For those holding … Read more
A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming over the past 30 days, USDB has quietly secured the ninth-largest market capitalization among all U.S. dollar stablecoins. USDB Climbs the Ranks The decentralized finance … Read more
The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is engineered to uphold a self-sustaining peg via transparent, onchain trading techniques developed by Umoja. Merlin Chain and Umoja Reveal USDb: The New High-Yield Synthetic Dollar … Read more
