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Ethena Labs

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OKX CEO says Binance’s USDe yield campaign caused Oct. 10 $19B crash — Assets.beincrypto.com

OKX CEO says Binance’s USDe yield campaign caused Oct. 10 $19B crash

OKX CEO Star Xu on Jan. 31 accused Binance of triggering the October 10 market collapse that wiped about $19 billion from crypto markets, saying the crash resulted from Binance’s aggressive promotion of Ethena’s synthetic dollar, USDe. In a post on X, Xu said Binance offered a 12%

Jupiter launches JupUSD on Solana backed largely by USDtb tied to BlackRock’s BUIDL — Images.cointelegraph.com

Jupiter launches JupUSD on Solana backed largely by USDtb tied to BlackRock’s BUIDL

Jupiter, a Solana-based DeFi protocol and trading platform, has launched JupUSD, a dollar-pegged stablecoin issued natively on Solana and developed in partnership with Ethena Labs. In an X post, Jupiter said 90% of JupUSD’s reserves will initially be held in USDtb, a licensed stablecoin collateralized by shares of BUIDL,