Korea’s leading centralized exchange is bringing its users onchain. UpBit, the top centralized exchange (CEX) by volume in South Korea, unveiled its own native Ethereum Layer 2 blockchain today, dubbed GIWA. GIWA, or Global Infrastructure for Web3 Access, leverages the Optimism (OP) stack. The name GIWA is also a reference to a common roof tile...

Justin Sun’s USDD stablecoin officially launched on Ethereum, expanding beyond its native TRON blockchain to challenge Tether’s dominance.The Ethereum launch coincides with the network’s stablecoin supply reaching a record $165 billion, creating an opportune moment for USDD to tap into the largest decentralized finance ecosystem while Tether maintains its $169 ... 

The USDm stablecoin, built with Ethena and backed by tokenized treasuries, will use its yield to subsidize Ethereum sequencer fees. News COINTELEGRAPH IN YOUR SOCIAL FEED MegaETH, an Ethereum layer-2 protocol backed by Vitalik Buterin, announced the upcoming launch of a yield-bearing stablecoin that might give it a different business model than traditional L2s, which...