ChainCatcher message, trader Eugene updated his ENA outlook on his social platform: "Two months ago I published this article, full of hope and dreams for a bull market.Now, ENA has reached 1 dollar, and I realize my dreams were too small. All the fundamental developments have exceeded my expectations, and USDe has now surpassed the 5 billion dollar mark, becoming the largest decentralized stablecoin today.It's time to look up to the sky."Previously, Eugene published a long article bullish on ENA on October 11, when the ENA price was at the bottom range of 0.27 dollars.

According to ChainCatcher news, the decentralized stablecoin protocol Pure.cash has officially entered the public testing phase of its mainnet, marking an important milestone in the project's development.Along with the launch of the public test version, Pure.cash will also initiate the Genesis Airdrop event, distributing its entire supply of 2 billion $PURE tokens to the community in a one-time event.Pure.cash is a decentralized, Delta-neutral stablecoin protocol built on Ethereum, integrating innovative zero funding rates and only long perpetual contracts.In addition, Pure.cash introduces a reverse issuance model, reaching its maximum supply at the Token Generation Event (TGE), after which tokens will continuously be burned. The protocol aims to ensure fair participation and long-term token value growth through a fair and community-driven distribution, as well as a continuous token burning mechanism.

ChainCatcher news, according to Bitget market data, on July 5th, the sectors with the smallest decline were bot, decentralized stablecoins, and SocialFi, among which BANANA had a 24-hour decline of 1.08%, EURT had a 24-hour increase of 0.12%, and PLAY had a 24-hour increase of 0.99%.As of the time of writing, the top three cryptocurrencies in real-time increase are BILLY, GEMS, and PGPT.

ChainCatcher news, according to official sources, dForce has announced the launch of the yield-bearing decentralized stablecoin sUSX, which is a savings version of USX that can be minted and redeemed on all available blockchains.It is reported that sUSX allows users to mint and start earning native yields on supported chains, with yields synchronized across all chains.

ChainCatcher news, according to official sources, Threshold Network has announced the launch of a decentralized stablecoin pegged to the US dollar, Threshold USD (thUSD). This stablecoin is backed by Bitcoin and Ethereum, which differs from other stablecoins whose reserves may be opaque and often stored off-chain, allowing users and stakeholders to verify on-chain collateral in real-time.

ChainCatcher news, Coin98 announced that it will gradually stop the current version of the decentralized stablecoin CUSD. Users can exchange CUSD on BNB Chain, Ethereum, and Solana for equivalent collateral assets for free until January 15, 2024, without paying CUSD protocol fees.Before December 15, 2023, users can also exchange CUSD on BNB Chain for BUSD and then convert it to other available assets on Binance. In addition, Coin98 will launch a new improved version of CUSD.ChainCatcher Note: Binance has announced the cessation of support for BUSD, which is one of the fiat-backed stablecoins used as collateral for CUSD.

ChainCatcher news, the decentralized stablecoin protocol Angle Protocol has announced the launch of stEUR on Ethereum, a euro savings solution backed by actual assets in the protocol's reserves. Users can earn stEUR and earn euro savings by staking agEUR in a smart contract on Ethereum. The initial yield is set at 4% and will be paid in agEUR. Additionally, stEUR does not charge any upfront fees, has no deposit or withdrawal fees, and has no lock-up or minimum deposit requirements.

ChainCatcher news, Aave DAO has voted to approve the AIP proposal to launch its decentralized stablecoin GHO on the mainnet. The proposal will be executed on-chain within a day.It is reported that the proposal aims to introduce GHO to the Ethereum mainnet through the Aave V3 Facilitator and FlashMinter Facilitator. Aave V3 users on Ethereum will be able to use collateral to mint GHO. (source link)

ChainCatcher news, the Bank of Italy released the June report on "Markets, Infrastructures and Payment Systems," calling for regulators to establish a robust, risk-based regulatory framework for stablecoins to prevent "runs" on stablecoins. The report suggests that regulators apply the same financial conduct standards to stablecoin issuers in the industry.The Bank of Italy stated that the rise of cryptocurrencies, coupled with several boom and bust cycles in an unregulated environment, has caused significant harm to consumers. Given the close relationship between stablecoins and DeFi, regulators should particularly prioritize stablecoin issuers. Policy interventions for stablecoins and DeFi must remain well-synchronized, as the adoption of stablecoins could stimulate a new wave of DeFi innovation and enhance the interconnectivity between traditional finance and decentralized finance.Additionally, the Bank of Italy emphasized that there is no need to subject all crypto assets or activities to financial services regulation and called for international cooperation to establish a global regulatory framework. (Cointelegraph)

ChainCatcher news, the development team of the stable asset RAI, Reflexer Finance announced the launch of the decentralized stablecoin RAI fork project HAI on Optimism, with an initial peg price of 1 USD. The collateral types for HAI include ETH, RAI, stETH/rETH and other LSDs, as well as assets on Optimism such as OP and UNI. The testnet launch is expected on June 9, and the mainnet launch is anticipated by the end of July. (source link)

ChainCatcher news, payment company Stabolut announced the launch of a decentralized, dollar-pegged, Bitcoin-backed stablecoin ------ USB. Stabolut co-founder and CEO Eneko Knorr believes that Stabolut is setting a new industry-leading standard for transferring financial value on the internet and cryptocurrency markets through USB.Stabolut co-founder and CTO Julian Beltran stated, "Given the collapse of UST and the instability caused by the decoupling of USDC after the recent bank failures we have seen this year, there is a clear market demand from users for reliable stablecoins. With USB, Stabolut aims to usher in a new era of global exchange that is transparent, privacy-protecting, fast, inexpensive, and interoperable." (source link)

ChainCatcher message, the decentralized stablecoin HOPE launched by former [Babel Finance](https://www.rootdata.com/zh/Projects/detail/Babel Finance?k=NDE5Mg==) co-founder [Flex Yang](https://www.rootdata.com/zh/member/detail/Flex Yang?k=MTMzNTQ=) is now open for public testing. From April 3 to April 10, users can participate in testing on the Sepolia test network, covering modules such as HopeSwap, Staking, liquidity mining, DAO, etc. (source link)

ChainCatcher news, the stablecoin platform Reserve tweeted that RPay plans to transition application users from RSV to the 1:1 asset-backed decentralized stablecoin eUSD starting next week, which is an RToken built on the Reserve Protocol. The Reserve Protocol has currently been tested in real-world scenarios and is available for anyone to use. Reserve expects that RPay will mint approximately $6 million worth of eUSD in the first round.ChainCatcher previously reported that on October 10, 2022, according to CoinDesk, privacy-focused cryptocurrency and payment company MobileCoin partnered with the stablecoin platform Reserve to launch the fully collateralized dollar stablecoin eUSD. MobileCoin stated that eUSD is backed by a basket of other stablecoins, including USDC, USDP, and TUSD. eUSD will be issued on the MobileCoin blockchain, and transactions will be end-to-end encrypted using zero-knowledge proof technology. (source link)

ChainCatcher news, decentralized stablecoin development company Gyroscope has completed a $4.5 million seed round financing, led by Placeholder and Galaxy, with participation from Maven 11, Archetype, Robot Ventures, and Balancer Labs co-founder and CEO Fernando Martinelli.Gyroscope co-founder Lewis Gudgeon stated that this round of financing ended in January 2022, but Gyroscope is now making it public as the protocol's codebase is nearly complete and preparations for a full launch are underway. Gyroscope's stablecoin, called gyro dollar, with the code name GYD, is non-custodial and is designed to be fully backed by reserves. (source link)

ChainCatcher news, the first decentralized stablecoin in the Cardano ecosystem, Djed, has officially launched on the mainnet. This stablecoin is jointly developed by Cardano code maintainer IOG and Layer 1 blockchain Coti. Djed requires over 400% collateral value to be provided before issuance. Additionally, the developers have also created DjedPay, a payment product using Djed that allows users to transfer tokens to merchants and businesses. (source link)