Demex Daily #288: FDUSD Stablecoin Launches on Sui, Enhancing DeFi

What’s Interesting Today:

FDUSD, a stablecoin from First Digital Labs, is now live on the Sui blockchain, becoming its second native stablecoin after USDC. This integration enhances FDUSD’s interoperability across multiple platforms, driving DeFi applications and leveraging Sui’s high-performance network for faster transactions and greater scalability. Sui's DeFi ecosystem, which recently surpassed $1 billion in total value locked (TVL), benefits from FDUSD’s addition, further boosting liquidity and supporting new use cases in decentralized finance.

Trade SUI NETWORK SUI-PERP on Demex!

Vana is launching its mainnet on November 20, introducing a decentralized blockchain ecosystem that empowers users to control and monetize their personal data. The new Layer 1 blockchain supports DataDAOs, enabling individuals to pool their data collaboratively while maintaining privacy and consent over its use. The VANA token will facilitate data validation, governance, and transaction fees. Vana prioritizes privacy and compliance with data regulations like GDPR and CCPA, offering secure storage options and rewarding users for contributing data.