Avalanche Founder: I'm Bullish on UST Once the Dust Settles Down 13
Summary: The Founder of Avalanche and CEO of Ava Labs is bullish on TerraUSD (UST) ‘once the dust settles down’ He explained that only active teams could defend algorithmic stablecoins against destabilizing bank runs Decentralized stablecoins are necessary as fiat-backed stablecoins are subject to legal seizures The markets will eliminate...
Avalanche's Ava Labs Raises $350M at $5.25B Valuation 14
Summary: Aval Labs has reportedly raised $350 million in a round of funding at a $5.25 billion valuation The funding round has not been officially reported Avalanche is hot on the heels of the prominent blockchains of Ethereum and Solana AVAX has already captured the attention of the Luna Foundation...
Terra Adds Avalanche to its UST Reserve, Buys $100M in AVAX 15
Summary: The Luna Foundation has announced the addition of Avalanche to its UST reserves and bought $100 million in AVAX Avalanche becomes the second layer 1 digital asset to be added by Terra to its UST reserves Terra chose Avalanche over Ethereum due to its rapid growth and vast fan...
Tether (USDT) Issued on Avalanche (AVAX) Hits $351 Million 16
Summary: The amount of Tether (USDT) issued on Avalanche has hit $351 million According to Tether’s CTO, USDT on Avalanche ‘has been growing quite aggressively’ He also adds that Tether is once again exhibiting growth and is ‘the people’s choice’ Tether (USDT) now has a total market cap of $81.322...
Avalanche Launches $290M Incentive Program to Boost Growth of Subnets 17
Quick take: The Avalanche Foundation has launched the ‘Avalanche Multiverse’ This is a $290 Million incentive program meant to increase the use and adoption of its ‘subnet’ feature ‘Subnets’ are a form of scaling on Avalanche through custom blockchains Avalanche will kick off the program by collaborating with DeFi Kingdoms,...
AVAX Could Retest $100 Ahead of the Avalanche Summit in Spain 18
The Avalanche Summit is scheduled for March 22nd to 27th This is the project’s inaugural summit and will be held in Barcelona, Spain Speakers include several founders and CEOs of crypto projects AVAX could rally to $100 ahead of the summit as the event inches closer However, a death cross...