XOXNO Infra Breakdown: RedStone

XOXNO selected RedStone Finance to provide price feeds for its Stellar lending protocol, covering tokenized assets, government bonds, stablecoins, and crypto. The integration achieved day-one support…

• XOXNO, a lending protocol on Stellar, has integrated RedStone Finance as its oracle provider for real-world assets, government bonds, stablecoins, and cryptocurrencies.
• The integration prioritizes efficiency by having XOXNO read directly from RedStone's contract storage to optimize for Stellar's CPU and memory constraints.
• This setup enables complex lending strategies while ensuring day-one support for new asset launches like USDT0 on Stellar's mainnet.

Topics: Infrastructure providers, Blockchain usage, Asset types, Oracles data feeds, Ethereum evm l 1 s, Stablecoins digital cash, Financial instruments

Tags: #xoxno #redstonefinance #stellar #oracleprovider #tokenizedassets #governmentbonds #stablecoins #usdt0 #soroban #matrixdock

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XLM crypto price nears $0.20 with USDT0 now live on Stellar

The XLM crypto price is approaching $0.20 as USDT0 expands Stellar’s stablecoin offering, but the level has rejected several previous rallies.

• XLM price is nearing $0.20 following the launch of USDT0 on the Stellar network, expanding its stablecoin offerings.
• The new USDT0 token aims to enhance Stellar's capabilities for international payments and fund transfers, joining existing stablecoins like USDC and PYUSD.
• While the launch is positive for Stellar's ecosystem, its direct impact on XLM demand and price remains uncertain, with the $0.20 level acting as a significant resistance.

Topics: Asset types, Blockchain usage, Integration with defi, Stablecoins digital cash, Non evm chains, Rwa collateral lending

Tags: #xlm #stellar #usdt0 #tether #stablecoin #cryptocurrency #paymentnetwork #digitaldollar #price #adoption

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Mantle: Data Dashboard Primer | Blockworks

Explore Mantle's $1.63B treasury, 891 tokenized RWAs, and $524M stablecoin base in Blockworks' new dashboard tracking the L2 built for global capital markets.

• Mantle, an Ethereum L2 network, boasts a significant treasury of $1.63B and hosts 891 tokenized RWAs, including a large number of xStocks.
• The network has a substantial stablecoin base of $524M, dominated by USDT0, indicating strong on-chain dollar liquidity.
• Blockworks' new dashboard provides a comprehensive overview of Mantle's treasury, tokenized assets, stablecoins, financials, and on-chain activity.

Topics: Asset types, Scalability, Institutional adoption, Alternative assets, Growth metrics, Asset manager initiatives

Tags: #mantle #tokenizedassets #treasury #stablecoins #xstocks #l2 #blockworksdashboard #mnt #usdt0 #yieldbearingstablecoins

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What is USDT0? The dollar that says it is not wrapped

The world’s largest stablecoin now travels between blockchains as USDT0, a version its builders insist is not a wrapped token, while its mechanics lock collateral in an Ethereum vault and mint claims elsewhere. Here is how it actually works, who…

• USDT0 is Tether's omnichain version of USDT, utilizing LayerZero's OFT standard to operate on blockchains without native Tether contracts, by locking USDT on Ethereum and minting USDT0 on destination chains via a burn-and-mint mechanism.
• Operated by Everdawn Labs under license from Tether, the system's trust stack includes Tether's reserve risk, the Ethereum lockbox contract, LayerZero's verification layer, and Everdawn's operational competence.
• USDT0 is presented as distinct from wrapped tokens due to its canonical nature, single collateral pool, and issuer alignment, though it still relies on contracts, messages, and verifiers, making its security dependent on the integrity of these components.

Topics: Asset types, Blockchain usage, Integration with defi, Stablecoins digital cash, Layer 2 scaling, Rwa collateral lending

Tags: #usdt0 #tether #layerzero #omnichain #stablecoin #ethereum #everdawnlabs #burnandmint #lockbox #dvns

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