Maker DeFi lending protocol rebrands to Sky ahead of USDS stablecoin launch

Maker is also rebranding the worlds largest decentralized stablecoin ahead of the launch of its governance token, SKY.

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SEC Misrepresents USD-Stablecoin Market, Claims Crenshaw

The recent guidelines set forth by the US Securities and Exchange Commission (SEC) regarding stablecoins have sparked a debate within the cryptocurrency community. Caroline Crenshaw, a SEC commissioner, has raised concerns about the potential impact of these guidelines on the stablecoin market. Crenshaw believes that the SEC’s approach to regulating stablecoins may stifle innovation and [...]

The post SEC Misrepresents USD-Stablecoin Market, Claims Crenshaw appeared first on Crypto Breaking News.

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HUSD Stablecoin Drops 56% From Dollar Peg Following Huobi Delisting

According to CoinMarketCap, HUSD stablecoin has fallen massively from its $1 peg, dropping to a low of $0.32 following delisting from crypto exchange Huobi on Friday last week. (Read More)

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Ethenas USDe beats DAI to become 3rd-largest stablecoin

The CeDeFi stablecoin has attracted billions of inflows due to double-digit staking yields.

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MakerDAO community decides to continue Sky rebrand amid centralization concerns in vote

The DeFi project Sky has retained its new brand identity rather than revert to MakerDAO following a community vote. Polling data revealed that 79.3% of votes supported maintaining the Sky brand as the core protocol name. In contrast, about 18.46% backed a “limited brand refresh” under MakerDAO, while a mere 2.2% preferred a full reversion […]

The post MakerDAO community decides to continue Sky rebrand amid centralization concerns in vote appeared first on CryptoSlate.

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Sky co-founder proposes no new emissions for core token

Rune Christensen proposed a deflationary model for Sky, halting token emissions and aligning with MakerDAOs original supply reduction vision.

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