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Weekly Recap in DeFi: Key News and Trends

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by Giorgi Kostiuk

a year ago


  1. Tether to Launch Dirham-Pegged Stablecoin for UAE
  2. Sony Unveils Ethereum Layer-2 Blockchain 'Soneium'
  3. Polygon’s MATIC to POL Token Migration

  4. As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.

    Tether to Launch Dirham-Pegged Stablecoin for UAE

    Tether, the top stablecoin issuer, is launching a new stablecoin pegged to the UAE Dirham (AED). This move aims to expand Tether's global reach, adding to its existing lineup of fiat-backed tokens like USDT and EURT.

    Sony Unveils Ethereum Layer-2 Blockchain 'Soneium'

    Sony has unveiled Soneium, a new Ethereum Layer-2 network, to boost Web3 innovation. Set to launch soon, this blockchain platform aims to mainstream blockchain technology, targeting sectors like entertainment, finance, electronics, and gaming.

    Polygon’s MATIC to POL Token Migration

    Ethereum scaling solution, Polygon, will undergo a significant change as the MATIC token migrates to POL on September 4, 2024. The new POL token will replace MATIC as the native gas and staking token in the Polygon Proof-of-Stake (PoS) network. This transition, part of a multi-phase rollout, aims to bolster the network's functionality and support Polygon's ambitious AggLayer project, which is crucial for its scaling solutions.

    These were the key events of the week in the world of DeFi and cryptocurrency. Stay tuned to our updates to always be aware of the latest high-tech advancements.

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