USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $ 212 billion stablecoin market is currently dominated by Tether (USDT) and USDC, but a new entrant …
Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $ 250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $ 250M in USDC from Coinbase Prime, bringing their …
Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $ 250 million in convertible senior notes set to mature in 2031. This move, targeting qualified institutional buyers, aims to generate funds for corporate ventures and the purchase of more bitcoin. MARA to Purchase More Bitcoin Following Private …