Crypto News
USDe Issuer Ethena Labs Integrates Chaos Labs’ Edge Proof of Reserves Oracles to Strengthen Risk Management
Ethena Labs has integrated Chaos Labs' data authenticity technology, Edge Proof oracles, to strengthen the risk management framework for its synthetic dollar token USDe.Edge oracles will independently verify the total dollar value of the USDe's reserves and the reserve coverage of USDe's supply and confirm that reserves are governance-approved and delta-neutral. Chaos Labs shared the announcement exclusively with CoinDesk.USDe, a synthetic stablecoin, maintains a soft peg with the U.S. dollar through an automated delta-hedging strategy that shorts bitcoin and ether perpetual futures to offset changes in the prices of these cryptocurrencies.The synthetic stablecoin experienced volatility over the weekend, falling to 0.982 against tether and 0.988 against USDC, per Kaiko, amid fears that the protocol has multi-million dollar exposure to Bybit's...
Conflux (CFX) Announces v2.5.0 Testnet Hardfork Upgrade
Conflux (CFX) reveals its v2.5.0-testnet hardfork, urging node operators to upgrade before March 3 to avoid protocol incompatibility. The upgrade includes a crucial security fix. (Read More)Source link
Stablecoin Payments at POS Terminals Coming to UAE via AFS, Ternoa
Arab Financial Services, a Middle East and Africa digital payments provider, has partnered with Ternoa to introduce cryptocurrency payments in the United Arab Emirates. Stablecoin Payments at POS Terminals Arab Financial Services (AFS), a digital payment solutions provider focused on the Middle East and Africa, announced on Feb. 24 that it had partnered with TernoaSource link
South Dakota Follows Montana’s Lead, Throws Water on Bitcoin Reserve Plans
While South Dakota lawmakers rejected the bill citing volatility concerns, Rep Logan Manhart plans to push for its revival next year.Source link