The South Korean-based stablecoin platform Terra has seen its market capitalization overtake better-known decentralized rival Maker's.
"Real world" assets have entered DeFi, as the Maker protocol reportedly just minted $38,000 of dai stablecoins to finance a mortgage loan.
Buying in these stablecoins may foretell where the crypto market is going.
Volume on eight trusted exchanges used by CoinDesk hit $239.98 billion in Q4 2020, up from $90.08 billion in the prior quarter.
Maker's MKR token surged to its highest level in more than two years.
A cocktail of high inflation, devaluation and lack of access to U.S. dollars has led Argentines to find in the decentralized stablecoin a way to protect their battered incomes.
Un cóctel de alta inflación, devaluaciones y falta de acceso a dólares los ha llevado a encontrar en esa moneda descentralizada una manera de proteger sus castigados ingresos.
Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI.
The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.
In the latest CoinDesk 20 revision, five assets were replaced by crypto assets that saw recent quarterly volume surges.
USDC and DAI seem to have found their niche as the preferred stablecoins in decentralized trades.
MakerDAO's ingestion of centralized stablecoins may help maintain a $ peg. But it could also invite more regulatory scrutiny.
Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.
The program applies to customers residing in the U.S., U.K., The Netherlands, Spain, France and Australia.
Low volume and volatility continue to plague the bitcoin market but the supply of dai soars.