The FTX exchange collapse has spurred fear and uncertainty in the crypto community. Facing this challenge, Tether, the largest stablecoin issuer, aims to restore consumer faith by ceasing lending from its reserves and emphasizing fully-collateralized loans backed by liquid assets.
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DeFi Derivatives Trading: Vega Protocol’s VEGA Token Surges Amid Launch Hype and Challenges
Cryptocurrency token Vega Protocol’s VEGA experienced a 20% growth in value within a week, coinciding with the platform’s upcoming launch. Vega Protocol facilitates creation and trading of derivatives through DeFi and is set to impact the industry, despite potential challenges and regulatory uncertainties.