ChainCatcher news, Matrixdock, a leading RWA tokenization platform under Matrixport, announced a partnership with Avalon Finance, making its gold token XAUm the first RWA token supported for collateralized lending by Avalon Finance. XAUm holders can stake XAUm on the Avalon Finance platform on the BNB chain to borrow USDT or USDC, with a collateralization ratio of 70%.Avalon Labs is building a premier on-chain financial center for the Bitcoin ecosystem, offering a seamless ecosystem that includes lending services backed by BTC, Bitcoin-supported stablecoins, yield-generating accounts, and diversified products such as credit cards.Matrixdock will continue to explore collaborations with industry ecosystem projects to create more application scenarios for its high-quality DeFi collateral asset XAUm, helping investors achieve higher capital utilization.

ChainCatcher news, according to Cointelegraph, the founder of the decentralized lending platform Curve Finance, Michael Egorov, believes that the potential risks of over-collateralized stablecoins are not necessarily the reserve-related risks commonly noted by investors, but rather the geopolitical risks brought about by government regulation.In an interview, Egorov stated that the underlying assets supporting collateralized stablecoins, including cash deposits from financial institutions and government securities such as U.S. Treasury bonds, are easily susceptible to asset freezes and seizures.

ChainCatcher news, the CKB Eco Fund announced on the X platform that the over-collateralized stablecoin protocol Stable++ has launched on the CKB mainnet, which will achieve the following functions: generating RUSD stablecoin through over-collateralizing BTC and CKB; the first over-collateralized stablecoin on CKB for the Bitcoin and RGB++ ecosystem; future support for CKB Lightning Network and BTC Layer 2 networks.

ChainCatcher news, Paxos officially released the April Pax Gold (PAXG) transparency report, which discloses the unaudited financial data of PAXG as of April 30 at 5 PM Eastern Time. The main points include: the circulating supply of issued PAXG slightly increased to 184,251.712 tokens, the reserve gold slightly increased to 184,251.761 ounces, and PAXG maintains over-collateralization.PAX Gold tokens are a type of cryptocurrency stablecoin that allows financial market participants to trade tokenized London Good Delivery gold on the blockchain, with each token representing ownership of the London Good Delivery gold held in the vault.

ChainCatcher news, the Stable++ team plans to develop the first over-collateralized stablecoin protocol serving the Bitcoin ecosystem and RGB++ ecosystem based on CKB. The plan is to support new Bitcoin assets such as BTC, CKB, and RGB++ as collateral, generating the first RGB++ stablecoin USDPP through the protocol, and plans to deploy it in the BTC Layer2 issued by UTXO Stack in the future. At that time, USDPP can circulate freely in the Bitcoin ecosystem through the Leap feature of the RGB++ protocol.Team members come from Google, Stanford, UC Berkeley, and CMC top 100 public chains, with rich experience in DeFi protocol design and development, accumulating a TVL of over $50M.The CKB Ecological Fund believes that through strategic investment in the Stable++ protocol, it can introduce a decentralized stablecoin based on native asset over-collateralization to the Bitcoin ecosystem and RGB++ ecosystem, further releasing liquidity in the DeFi ecosystem, and combining technologies such as RGB++ and CKB Lightning Network to unlock new scenarios for payments, lending, and more in the long term.

ChainCatcher news, L1 network Canto announced on social media the launch of the stablecoin NOTE to ensure economic stability in DeFi.It is reported that NOTE is backed by RWA (tokenized short-term U.S. Treasury bills) and is an over-collateralized stablecoin, with each NOTE having more than 1 dollar in collateral. NOTE cannot be minted but can only be lent out. The lending interest is managed by the smart contract "accountant," and the interest rate is automatically adjusted based on the market price of NOTE to maintain price stability. All interest income will be deposited into the community treasury for public welfare, controlled by Canto governance. This initiative demonstrates Canto's commitment to achieving DeFi, providing accessibility, transparency, and decentralization.

ChainCatcher news, according to official sources, the Bitcoin over-collateralized stablecoin solution L2BMaker has officially completed cross-chain solution testing and is expected to release a test version in January 2024. BMaker allows users to generate a USD-pegged stablecoin BSC (BTC Stable Coin) using over-collateralized BTC, featuring decentralization and multi-chain compatibility.It is reported that BMaker will also release a collateral liquidation smart contract as well as a global account and synchronized physical system to ensure the stable operation of the entire network. In future multi-chain operations, it aims to maximize its composability while ensuring the native security of the BTC network.

ChainCatcher news, Paxos has released its first PYUSD transparency report, which discloses relevant unaudited data for PYUSD as of August 31, Eastern Time, including: total tokens outstanding of approximately $44.37 million; the current market value of collateral in U.S. Treasury reverse repurchase agreements of $43.86 million, with a nominal position value of $43 million; the current market value of collateral in other cash deposits held by custodial deposit institutions of approximately $1.5 million; and the current market value of collateral in total net assets of $45.36 million, with a nominal position value of $44.5 million.Paxos stated that U.S. Treasury reverse repurchase agreements are contractual arrangements between two parties, where one party agrees to sell securities to the other at a specified price and commits to repurchase the securities later at another (usually higher) specified price. If the counterparty defaults, Paxos is able to liquidate the U.S. Treasury collateral to cover the losses, and since all transactions are over-collateralized, the risk of loss is not considered significant.

ChainCatcher news, blockchain risk solution Over-C announces the completion of £1 million equity financing, with participation from Ayre Ventures.It is reported that Over-C provides scalable, single point of failure-supported, timestamped, and privacy-focused risk solutions through blockchain technology. The company also uses machine learning and the Internet of Things to provide real-time operational risk data and analysis to predict and prevent potential future risk events. Its current partners include Hitachi, ScotRail, Eli Lilly, Savills, Munster Rugby, and Belfast Airport. (source link)

ChainCatcher news, the Avalanche ecosystem StableSwap project Platypus announced the launch of its native stablecoin USP, which is an over-collateralized stablecoin pegged to the US dollar. Platypus stated that the stablecoin will use the TVL of its stablecoin swap protocol as LP collateral, and will also utilize the algorithm of the stablecoin swap protocol as a mechanism to maintain the peg.ChainCatcher previously reported that in December 2021, Platypus completed a $3.3 million funding round, led by Three Arrows Capital and DeFiance Capital, with participation from 0xVenturesDAO and Avalanche. (source link)

ChainCatcher news, Cardano developers recently announced in a meeting that its first decentralized stablecoin Djed will launch on the mainnet in January. Djed, developed in collaboration with Coti and Cardano's chief developer Input Output, has been in development for over a year and is a decentralized stablecoin soft-pegged to the US dollar. Upon launch, Djed will be integrated into 40 applications within the Cardano ecosystem.After the launch of Djed, Cardano users will be able to use Cardano's native token ADA as collateral to mint the stablecoin, which is designed to be over-collateralized, requiring more than 400% collateral value for each Djed minted. (The Block)

Chain Catcher news, the decentralized stablecoin protocol Thala Labs in the Aptos ecosystem will launch an over-collateralized stablecoin called Move Dollar (MOD), while also developing other products to promote the application of MOD on the Aptos blockchain.It is reported that the product suite includes an AMM that provides favorable fees and features for pools integrating MOD, as well as a Launchpad to incentivize all Aptos projects to diversify their treasury assets into MOD. The official team will also release protocol documents to disclose more details. (Source link)