Ethena-backed suiUSDe debuts on Sui with $10M vault to anchor native synthetic dollar activity
Read Our Expert Analysis
Create an account or login for free to unlock our expert analysis and key takeaways for this development.
By continuing, you agree to receive marketing communications and our weekly newsletter. You can opt-out at any time.
Recommended for you

UAE-Registered Dollar Stablecoin USDU Debuts, Aims to Make Regulated On‑chain Settlement Real
Universal Digital Intl launched USDU, a dollar-pegged token it says is the first foreign payment token registered under the UAE’s Payment Token Services Regulation. The coin is backed one-to-one by dollar reserves held with regional banks and is positioned to serve as a compliant settlement rail for digital-asset and derivatives trades in the UAE.

Fidelity unveils FIDD, a regulated dollar stablecoin built on Ethereum
Fidelity will issue a dollar‑pegged stablecoin called FIDD in early February, built on Ethereum and redeemable at $1 on Fidelity platforms with reserves held in cash and short‑term Treasuries and published daily with third‑party attestations. The launch arrives amid a broader industry push — including exchanges testing branded or white‑label tokens anchored to custodial USDC — underscoring different design trade‑offs around custody, counterparty exposure and distribution strategies.

Citrea launches mainnet and ctUSD to bring DeFi primitives onto Bitcoin
Citrea, a Bitcoin-focused layer‑2 developed by Chainway Labs and backed by Founders Fund and Galaxy, has launched its mainnet and introduced a USD-pegged stablecoin, ctUSD, to enable BTC-native lending and structured finance. The network combines an EVM-compatible zk-rollup model with on‑chain settlement to anchor transaction data to Bitcoin and has assembled partners for lending, product development, and stablecoin issuance.
Uniswap brings on-chain auctioning to its main interface to smooth token launches
Uniswap Labs has added a permissionless on-chain auction mechanism to its primary web app, enabling projects to run transparent token distributions and automatically seed liquidity into Uniswap v4 pools. Early deployments show strong participation—one trial reportedly raised about $60 million from over 17,000 bidders—while the frontend integration aims to reduce bot sniping and standardize token launch UX.

ICE launches CoinDesk‑linked crypto futures and signals move into DeFi rate contracts
Intercontinental Exchange has begun trading U.S. dollar cash‑settled futures tied to seven CoinDesk benchmarks and is proposing a one‑month USDC overnight‑rate future; industry panels say such regulated derivatives, multi‑token indices and stablecoin‑backed overnight products are central to institutional adoption but will amplify the need for technical standards, harmonized custody/margin rules and careful regulatory sequencing across jurisdictions.
OSL Group and Anchorage launch USDGO, a regulated U.S. dollar stablecoin for institutional payments
OSL Group and Anchorage Digital announced USDGO, a federally regulated, fully reserved U.S. dollar stablecoin aimed at institutional settlement and corporate cross-border payments. An initial $50 million was minted on Solana, with the issuer identified as Anchorage Digital Bank N.A. and plans to expand chain support and distribution via licensed OSL entities.
Utexo links Lightning and RGB to run USDT natively on Bitcoin
A new project, Utexo, has joined the CTDG Dev Hub to prototype native USDT transfers on Bitcoin by combining Lightning payment channels with RGB’s client-side asset model. The integration aims to avoid wrapping and bridging, offering faster, lower-cost transfers while anchoring final settlement to Bitcoin’s base layer.

Bitwise Launches Non‑Custodial On‑Chain Vaults via Morpho, Targets 6% Yield
Bitwise has partnered with Morpho to roll out non‑custodial on‑chain vaults, aiming for a 6% annual yield on its first strategy by deploying into overcollateralized lending pools. The move signals institutional adoption of programmatic yield products and supports Bitwise’s projection that curated vaults could materially expand assets under management next year.