Tuesday's stablecoin developments:

SEC greenlights stablecoins as cash equivalents: New guidance, “Statement on Stablecoins” allows public companies to treat fully-backed stablecoins (USDC, USDP) as cash on balance sheets, opening corporate treasuries to stablecoin adoption while excluding algorithmic stablecoins from simplified accounting treatment under GENIUS Act framework. (Breakdown here on the GENIUS Act with Circle)

Ethena's USDE surges to $9.5B market cap: 75% growth in past month makes USDE the #3 stablecoin globally behind Tether's $164B USDT and Circle's $64B USDC, offering 8-9% APY through delta-neutral strategy versus zero yield on traditional stablecoins.

Bybit expands USDT Zero multi-chain: World's #2 crypto exchange adds USDT0 support to HyperEVM, Corn (EVM compatible Bitcoin Defi), and Berachain, covering all network fees for USDT0 transfers to solve fragmented liquidity across blockchain networks.

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Stay Stable,

The Stabledash Team

_{This content is for informational purposes only and does not constitute financial, investment, or legal advice.}