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Solana’s Defi Landscape to Shift With Marginfi’s Introduction of YBX Stablecoin

by SB Crypto Guru News
May 11, 2024
in DeFi
Reading Time: 1 min read
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News Bytes - 18The decentralized lending protocol built on the Solana blockchain, Marginfi, announced the upcoming launch of YBX, which is expected to be the first notable decentralized stablecoin on Solana, aiming to provide an alternative to the network’s heavy reliance on Circle’s centralized stablecoin usd coin (USDC). The stablecoin, backed by SOL-based liquid staking derivatives (LSDs), is […]



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Tags: Bitcoin NewsCrypto NewsCrypto UpdatesDeFiIntroductionlandscapeLatest News on CryptoMarginfisSB Crypto Guru NewsshiftSolanasstablecoinYBX
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