Rain is seeking a US trust bank charter for a subsidiary that would issue stablecoins, hold client assets and manage reserves. It would not accept deposits or make commercial loans.
DeFi Weekly
The week in decentralized finance: protocol launches and upgrades, governance decisions, exploits, stablecoins and regulation — without price talk.
Latest issue
Oct 6 · 3 of 12 shownThis issue is led by stablecoins: Ether.fi's Ethena-powered dollar, Arbitrum's USDG adoption, Rain's trust charter bid and Aave proposals for GHO and OUSD. Sky governance posts on stUSDS automation and Spark deployments fill out the middle, with regulatory items on Roman Storm and a CFTC leveraged-trading proposal. The Arbitrum and Aave GHO pieces are the most worth reading.
Ether.fi announced a dollar stablecoin powered by Ethena, which will handle reserves, minting, redemptions and compliance. The platform reports more than $300 million in existing stablecoin balances.
Arbitrum adopted Paxos' USDG as its ecosystem dollar, live on Arbitrum One with Fluid, Morpho, GMX, Maple and Kraken behind it. A same-day proposal asks ArbitrumDAO to add 100 million ARB to an incentive program that still has about 63.7 million ARB unspent.
More in DeFi
Streams that already watch this field. Follow one as it is — it costs nothing extra.
Research on how DeFi works and breaks: MEV, AMM design, lending risk, oracle security and mechanism design — papers and serious forum posts with real analysis.
Rules, enforcement and court decisions that touch DeFi and stablecoins: the SEC and CFTC, US stablecoin law, MiCA in the EU and actions against protocols.
Real-world assets coming onchain: tokenized Treasury funds, credit and equities from BlackRock, Franklin Templeton, Ondo and others — launches, sizes and integrations into DeFi.