Flare DeFi TVL Doubles to $124M as Kraken Enables USD₮0 Transfers

By: defi news|2025/05/06 19:30:03

0

Share

copy

Flare Networks announced today that USD₮0, the omnichain stablecoin backed 1:1 by Tether’s USDT, is now supported by Kraken, coinciding with a sharp rise in the network’s decentralized finance (DeFi) total value locked (TVL).Since USD₮0 went live on Flare on April 28, the network’s DeFi TVL has more than doubled, climbing from around $64 million to over $124 million as of Monday, May 5, according to DeFiLlama data.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

You may also like

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

「The Ethereum Tokenomics Has Collapsed, Wake Up and Realize It」

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Life of Talent, Paranoia, and Setbacks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

A black metal card, 600x rate delta.

36 years, 4 wars, 1 script: How does capital price the world in conflict?

36 years, 4 wars, 1 script: How does capital price the world in conflict?

When the cannon fires, 10,000 ounces of gold. In a turbulent era, the wealth choice of the common people.

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders

Mining Companies' Great Migration: Some Have Already Secured $12.8 Billion in AI Orders

Mining companies turn to AI computing power, with no turning back.

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development

What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

Continuous cases show that cryptocurrency exchanges are becoming a battleground for traditional finance and tech giants, while also serving as an important stronghold for entering the strategic landscape of Web3.

WEEX P2P update: Country/region restrictions for ad posting

WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

What are the key highlights of this year's Ethereum's most important upgrade, the Glamsterdam upgrade?

What are the key highlights of this year's Ethereum's most important upgrade, the Glamsterdam upgrade?

The Ethereum Race Against Time, Perhaps Truly a Quest for Revival

March 6 Key Market Update You Can't Miss! | Alpha Morning Report

March 6 Key Market Update You Can't Miss! | Alpha Morning Report

.Top News: Recent Developments in US-Iran Conflict, Military Action to Escalate Further, Trump Rejects Soleimani's Son Taking Over Token Unlock: $W, $RED

Sell Nvidia, Buy Power Plant: 27-Year-Old AI Investor Earns $5 Billion in One Year

Sell Nvidia, Buy Power Plant: 27-Year-Old AI Investor Earns $5 Billion in One Year

The essence of investment is to find price dislocation in the future that has already arrived but is not yet evenly distributed.

The $24 Million Heist Behind It: The Most Dangerous Vulnerability in the Crypto World is Actually Human

The $24 Million Heist Behind It: The Most Dangerous Vulnerability in the Crypto World is Actually Human

When a Private Key Meets Real Brutality, Your On-chain Balance is Already a Bounty Map

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Popular coins

Latest Crypto News

09:43

A giant whale staked 8,208 ETH worth 16.85 million dollars after sleeping for 1 year

According to Onchain Lens monitoring, a certain whale staked 8,208 ETH worth 16.85 million dollars after being dormant for 1 year. This whale spent 16.09 million dollars to accumulate these ETH over the past four years, but ultimately only made a profit of about 768,000 dollars.

09:43

The White House released the U.S. Cyber Strategy, for the first time listing encryption and blockchain as technologies that need protection

Galaxy Research's research director Alex Thorn posted on the X platform that the White House has released the U.S. cyber strategy document titled "President Trump's Cyber Strategy for America." This strategy consists of 7 pages and 6 main pillars, emphasizing cyber offense and deterrence, but it is ...

09:43

Analysis: Despite the positive news from Wall Street, BTC still falls below $70,000, as macro factors suppress the rebound in the crypto market

Despite several positive developments for the cryptocurrency industry this week, such as Morgan Stanley choosing BNY Mellon as the custodian for its spot Bitcoin ETF exposure, Kraken being approved for access to the Federal Reserve's payment system, and OKX receiving a $25 billion valuation from ICE...

09:43

Bloomberg Analyst: BlackRock Applies to Adjust Ethereum Staking ETF Fees, May Offer Tiered Discounts

Bloomberg analyst James Seyffart posted on X platform that BlackRock has updated its Ethereum staking ETF (ETHB) application documents. The latest documents indicate that the staking fee rate for the product will be adjusted to 10% of staking rewards, and may offer tiered fee discounts based on scal...

09:43

Vitalik proposed to optimize Ethereum's finality mechanism: replacing Casper FFG with Minimmut

Vitalik Buterin posted on the X platform, stating that in the discussion of Ethereum's consensus mechanism, there is a proposal to replace the current finality component Casper FFG with a new one called Minimmit. He believes that Casper FFG employs a two-round finality mechanism (validators need to ...