DeFi Daily News
Thursday, June 19, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi Web 3

DWF Labs to Launch New Synthetic Stablecoin in the Midst of Rapid Industry Expansion – Coin Media

News Room by News Room
August 1, 2024
in Web 3
0 0
0
DWF Labs to Launch New Synthetic Stablecoin in the Midst of Rapid Industry Expansion – Coin Media
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

DWF Labs, a prominent crypto trading and market-making firm, is venturing into the thriving stablecoin sector. The move comes as a significant milestone in the firm’s pursuit of becoming a global web3 financial institution. Andrei Grachev, the managing partner of DWF Labs, announced on Aug. 1 that the firm is working on a CeDeFi synthetic stablecoin that aims to provide users with attractive yields while maintaining the flexibility of using their assets.

Stablecoins have emerged as a practical application of cryptocurrency, offering stability in an otherwise volatile digital asset market. Users in countries with unstable national currencies, such as Venezuela and Nigeria, rely on stablecoins for everyday transactions and as a hedge against currency devaluation.

Leading stablecoins like Tether’s USDT and Circle’s USDC dominate the market, accounting for approximately 90% of the $164 billion stablecoin industry. The growing interest from institutional players like DWF Labs underscores the increasing relevance of stablecoins in the broader crypto ecosystem.

Stablecoin Market Continues to Expand

The announcement by DWF Labs coincides with a period of sustained growth in the stablecoin market. According to CCData, the total market capitalization of stablecoins reached $164 billion in July, marking a 2.11% increase from the previous month. This growth represents the sector’s tenth consecutive month of expansion and the most significant monthly increase since April.

Observers attribute the rise in market capitalization to new capital flowing into the market, leading to positive price movement across digital assets in July. However, trading volume of stablecoins on centralized exchanges saw a decline for the fourth consecutive month, dropping by 8.35% to $795 billion as of July 25.

In contrast, on-chain transactions surged by 18.3% in July, reaching $999 billion, the highest level since April. This increase represents a 69.4% rise from the previous year, driven by the influence of spot ETFs in the United States.

Overall, the stablecoin market continues to evolve, attracting both institutional and retail interest as a reliable digital asset solution in an uncertain financial landscape.

Mentioned in this article

Posted In: Stablecoins, Web3

Latest Alpha Market Report

For more trending news articles related to DeFi and cryptocurrencies, visit DeFi Daily News.

Conclusion:

The entrance of DWF Labs into the stablecoin sector marks a significant development in the ongoing evolution of the crypto market. As interest in stablecoins grows, driven by institutional players and retail users alike, the stability and utility of these digital assets continue to gain prominence.

With innovations like CeDeFi synthetic stablecoins on the horizon, the future of stablecoins looks promising. Whether as a hedge against currency fluctuations or a practical means of conducting transactions, stablecoins are poised to play a crucial role in the broader financial ecosystem.

As the stablecoin market expands and matures, it presents opportunities for investors, traders, and users seeking a reliable and accessible alternative to traditional financial instruments. The ongoing developments in the sector highlight the resilience and adaptability of cryptocurrencies in addressing real-world financial challenges.



Source link

Tags: coinDWFExpansionIndustryLabslaunchmediaMidstRapidStablecoinSynthetic
ShareTweetShare
Previous Post

DWF Labs to Launch New Synthetic Stablecoin in the Midst of the Sector’s Rapid Expansion

Next Post

Meta’s Reality Labs Reports $4.5 Billion Loss in Q2 2024 | Latest Metaverse Insights from Cryptoflies News

Next Post
Meta’s Reality Labs Reports .5 Billion Loss in Q2 2024 | Latest Metaverse Insights from Cryptoflies News

Meta's Reality Labs Reports $4.5 Billion Loss in Q2 2024 | Latest Metaverse Insights from Cryptoflies News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
I Built The DREAM Office Setup!

I Built The DREAM Office Setup!

November 30, 2024
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Tech companies are interested in nuclear power, but some utilities are blocking their progress.

Tech companies are interested in nuclear power, but some utilities are blocking their progress.

August 10, 2024
rewrite this title All 20 Premier League clubs ranked by their 2024/25 wage bill

rewrite this title All 20 Premier League clubs ranked by their 2024/25 wage bill

February 8, 2025
My Ex-Wife and Baby Momma Are Now Buddies (Half My Income Goes Towards Legal Debt)

My Ex-Wife and Baby Momma Are Now Buddies (Half My Income Goes Towards Legal Debt)

June 15, 2025
rewrite this title Civil Rights Group Gives Elon Musk’s xAI 60 Days to Fix Alleged Clean Air Act Violations – Decrypt

rewrite this title Civil Rights Group Gives Elon Musk’s xAI 60 Days to Fix Alleged Clean Air Act Violations – Decrypt

June 18, 2025
rewrite this title Ethereum Price Faces Downward Pressure — More Pain Before a Bounce?

rewrite this title Ethereum Price Faces Downward Pressure — More Pain Before a Bounce?

June 18, 2025
rewrite this title E‑Commerce Meets Crypto: China’s Digital Marketplace Eyes Stablecoin For Faster Payments

rewrite this title E‑Commerce Meets Crypto: China’s Digital Marketplace Eyes Stablecoin For Faster Payments

June 18, 2025
rewrite this title Ethereum Outperforms Bitcoin During Geopolitical Chaos – Is Altseason About To Ignite? | Bitcoinist.com

rewrite this title Ethereum Outperforms Bitcoin During Geopolitical Chaos – Is Altseason About To Ignite? | Bitcoinist.com

June 18, 2025
rewrite this title Defending champ Scottie Scheffler makes feelings clear on Travellers Championship being ‘too easy’: “What we want is a fair test”

rewrite this title Defending champ Scottie Scheffler makes feelings clear on Travellers Championship being ‘too easy’: “What we want is a fair test”

June 18, 2025
rewrite this title Circle stock leaps to 0 record after 34% daily gain

rewrite this title Circle stock leaps to $200 record after 34% daily gain

June 18, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.