Odaily Planet Daily News: Ethereum Layer 2 network Mantle has launched USDG, a stablecoin issued by Paxos, and joined the Global Dollar Network as a partner. USDG has become one of the first stablecoins natively minted on Mantle, with Mantle eligible to receive a portion of the rewards generated by USDG activity.USDG has a market capitalization of approximately $3.18 billion, ranking as the seventh-largest stablecoin by DefiLlama data. The stablecoin is issued by Paxos and complies with regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reserve reports.The Mantle ecosystem also offers Agora's AUSD, Ethena's USDe, and Tether's USDT0. Mantle stated that USDG will be used for DeFi applications within the ecosystem and institutional capital allocation.As of Wednesday, Mantle's distributed real-world asset value stood at $234.2 million, up 19% over the past 30 days. (Cointelegraph)

Odaily Planet Daily News According to Aave's on-chain dashboard, Aave V4 currently has an active loan volume of $216 million. V4 deployment covers Ethereum, Optimism, and Avalanche, with Ethereum Core deposits at $378 million, EtherFi Cash on Optimism at $257 million, Ethereum Global Dollar at $75 million, and Ethereum Prime at $63 million. Aave V3 user deposits still stand at $31 billion, with Ethereum Core accounting for $25 billion. Aave documentation states that V4 adopts a hub-and-spoke system to centralize liquidity and accounting, while setting independent borrowing rules and risk limits for different markets.

Odaily News, According to official sources, yield trading protocol Pendle has been natively deployed to X Layer, with OKX Wallet now supporting user access to Pendle's yield markets. Users can lock in fixed returns through Principal Tokens (PT), trade future yields using Yield Tokens (YT), and participate in liquidity strategies to further expand on-chain asset yield opportunities. Additionally, an exclusive incentive campaign for Aave-backed Global Dollar (USDG) is set to launch in the near future.

Odaily News: Pendle announced on X that Aave V4 has added support for PT Looping on Pendle. Users can participate in the PT-USDG loop lending strategy from the Global Dollar Network. Aave V4's interest rates are priced based on aggregate utilization across the entire hub, so looping operations will not drive up its own rates.

Odaily Planet Daily News: The Ethereum Foundation's "Trillion Dollar Security" (1TS) initiative has announced a dedicated grant to the Freedom of the Press Foundation (FPF) to support the continued development of the open-source tool WEBCAT, addressing the long-standing security gap in front-end code verification for Ethereum wallets and decentralized applications (DApps).WEBCAT (Web-based Code Assurance and Transparency) is an open-source tool designed to help browsers verify that the code loaded by a website matches the version publicly released by its developers. This grant will drive the expansion of WEBCAT to Ethereum wallets and application scenarios, enabling users to verify whether the front-end pages they access have been tampered with.The Ethereum Foundation stated that while HTTPS currently verifies the website a user connects to and encrypts communication, it cannot prove that the front-end code actually running on the website is the version released by developers. If an attacker gains control over a website's front-end code, they could modify transaction recipient addresses without the user's knowledge, or trick users into signing transactions that differ from what is displayed on the page.The Ethereum Foundation noted that front-end attacks have become a significant security risk in blockchain infrastructure. Malicious modifications to web interfaces could lead to supply chain attacks, post-DNS-hijacking attacks, and user interface spoofing.WEBCAT was originally developed by the Freedom of the Press Foundation to enhance code trustworthiness in secure communication systems like SecureDrop. With this expansion into the Ethereum ecosystem, it will complement security measures under the 1TS initiative, such as "Clear Signing": the former helps wallets confirm that the application front-end has not been tampered with, while the latter helps users understand the transaction content they are approving.

Odaily News - Ondo's tokenized U.S. Treasury yield token USDY (U.S. Dollar Yield Token) is now officially live on BNB Chain, supporting instant minting/redemption and cross-chain bridging functionality. As a permissionless tokenized U.S. Treasury product, USDY's integration into one of the world's most active public chain ecosystems means institutional-grade yield assets are now directly accessible without permission.This launch marks a significant step in USDY's multi-chain expansion, providing millions of users and AI agents in the BNB Chain DeFi ecosystem with exposure to yield-bearing dollar assets, while delivering a dual boost in capital efficiency and transaction speed through its instant minting and redemption mechanism. Users can now directly hold U.S. Treasury-backed yield assets natively on BNB Chain without needing to bridge assets from other chains; for developers, USDY also serves as premium collateral for on-chain lending, trading, and liquidity protocols, seamlessly integrating with native BNB Chain applications.

Odaily reported that stablecoin issuer Mandela Digital has announced the completion of a $5 million funding round, with Datavault AI participating. The new funds will be used for stablecoin infrastructure development, compliance, exchange integration, liquidity and marketing, as well as accelerating the launch of its 1:1 USD-pegged stablecoin, Mandela Dollar (MUSD). It is reported that MUSD aims to promote financial inclusion, cross-border remittances, and digital payments in the Global South. Datavault AI will also provide technical support for MUSD, including its AI platform, blockchain tokenization, SanQtum quantum-resistant cryptography, and Real World Asset (RWA) frameworks. (Globenewswire)

Odaily News According to Defillama data, the stablecoin market has experienced an outflow of $12.413 billion in the 62 days since May 17, 2026, with $1.555 billion flowing out since July 11, marking one of the largest contractions in over four years. As of July 18, Tether's USDT market cap stood at $184.055 billion, while Circle's USDC market cap was $73.376 billion. Over the past week, USDT decreased by 0.06%, and USDC decreased by 0.04%. Sky's USDS market cap was $6.66 billion, declining by 12.30% over the past week, making it the worst performer among the top ten stablecoins.World Liberty Financial's USD1 fell by 4.59%, while Sky's DAI decreased by 0.43%. Global Dollar's USDG rose by 9.08% over the past week, reaching a market cap of $3.164 billion, the highest gain among the top ten stablecoins. PayPal's PYUSD increased by 1.60% to $2.877 billion, while Circle's USYC and BlackRock's BUIDL decreased by 3.64% and 8.68%, respectively.

Odaily Planet Daily News: Lorenzo Valente, ARK Invest's Director of Digital Asset Research, has questioned the stablecoin consortium project OpenUSD, expressing high skepticism about whether such consortium-style stablecoin initiatives can achieve scale. He believes that similar alliances have emerged multiple times before, including Diem and Global Dollar, but ultimately failed to form dominant network effects. Currently, the stablecoin market remains dominated by Tether and Circle, whose core advantages lie in strong network effects and instant liquidity. OpenUSD, however, may face a "cold start" problem, as its joint governance structure will severely slow down decision-making efficiency, making it prone to coordination failures under decentralized governance—resembling the governance dilemmas of DAO experiments: high collaboration costs, slow execution, and difficulty deploying capital efficiently.Furthermore, OpenUSD's economic model appears unsustainable for long-term operations. If it relies on a low-fee split mechanism, it will be unable to cover the costs of infrastructure, incentives, and market expansion.Lorenzo Valente concluded that OpenUSD resembles more of a "collection of letters of intent" than a unified product system with strong execution capabilities. He argued that in the long run, the more likely winners are single operators capable of rapid iteration and independent decision-making, rather than joint governance structures requiring multi-party consensus.

Odaily, Techdollar announced the completion of a $3 million Pre-Seed funding round, with participation from NoLimit Holdings, Reforge VC, as well as individual investors including Newmichwill, RoyLearner, and Ansem. The project operates a blockchain-based private credit platform that allows founders, employees, venture investors, and family offices to obtain loans using equity in private technology companies as collateral, without needing to sell their shares.