Ethena may collaborate with Aave to launch a new product, expected to go live in 1-3 months

[OKX Explorer: Tether Burns 2 Billion USDT on TRX Chain] According to data provided by OKX Explorer, at 23:19 (UTC+8) on September 16, Tether burned 2 billion USDT on the TRX chain. Transaction hash: be8c0661ff064440a464d51f25b0eb98cca54c72888ba3d1f81059eb84dda38e View details: https://web3.(okx.com)/explorer/trx/tx/be8c0661ff064440a464d51f25b0eb98cca54c72888ba3d1f81059eb84dda38e Note: The above data is sourced from OKX Explorer

[Tether Mints 1 Billion USDT on Ethereum] According to Whale Alert, at 23:06 Beijing time, Tether Treasury minted 1 billion USDT on the Ethereum blockchain.

[Tether Launches USAT, a U.S. Compliant Stablecoin, Facing Liquidity Challenges] Bernstein analysts state that Tether plans to launch a U.S. compliant stablecoin, USAT, but faces liquidity and distribution challenges. Although USAT meets compliance requirements such as proof of reserves and bankruptcy protection, Circle's USDC has already established dominance in the U.S. market, being deeply integrated with multiple institutions and widely circulated across mainstream public blockchains. Tether will need to build a liquidity network from scratch and address cross-chain interoperability issues. Furthermore, the strong positioning of USDC and other competitors will intensify the challenges.

According to data provided by OKX Explorer, at 23:17 (UTC+8) on September 16, Tether destroyed 2 billion USDT on the TRX chain. Transaction hash: 5993b13ad76ee7349fcda2995f9068010ccf6aa10f44f6d51caa0f96f3b8dd64 View details: https://web3.(okx.com)/explorer/trx/tx/5993b13ad76ee7349fcda2995f9068010ccf6aa10f44f6d51caa0f96f3b8dd64 Note: The above data is sourced from OKX Explorer

[Over 75% of MKR Supply Completes SKY Upgrade, Delay Penalty May Take Effect on September 22] Sky officially announced that over 75% of MKR's supply has completed the upgrade to SKY. Governance voting regarding penalty measures for delayed upgrades will be confirmed on September 18. If the vote passes, the penalty mechanism is expected to officially take effect on September 22.