Aave community has initiated a temperature check vote on the "GHO Stability and Anchoring Community Plan". Gauntlet hopes to help formalize community discussions around strengthening the GHO connection and organizing its core components through actionable projects. The proposal outlines the current behavior of GHO coin issuers and their relationship with the GHO market price; potential methods to stimulate GHO demand, and other suggestions for the liquidity plan discussed by the community; views on how to arrange key GHO updates for maximum impact. The next step is for community members to provide feedback on this analysis.

During the recent market uptrend, the total market value of stablecoins remained relatively stable, staying at $124 billion, failing to break the industry's level since early September. Analysts say that stablecoin supply is a lagging indicator, but the lack of stablecoin recovery may indicate that Bitcoin's bull market has not brought new liquidity to the cryptocurrency market.

Japan has taken the lead in regulating stablecoins, implementing a stablecoin law in June. The regulations aim to address concerns about the assets backing stablecoins and their accessibility. Only banks, trust companies, and fund transfer services are allowed to issue stablecoins in Japan, and stablecoin issuers must establish a trust within the country to hold the assets. However, the strict regulations have made it challenging for companies to issue yen-based stablecoins due to the low interest rate for Japanese bank deposits and high compliance costs.

Gabor Gurbacs, the Director of Digital Asset Strategy at global asset management company VanEck, stated on social media platform X that the current market sizes are: Bond market: $126 trillion; Stock market: $108 trillion; Private capital: $23 trillion; Gold market: $12 trillion; Oil market: $2 trillion; Stablecoin market: $124 billion; There is huge potential for stablecoins and tokenized RWAs, and tokenized assets will be settled in Bitcoin and stablecoins.

Tether, the largest stablecoin issuer, plans to release real-time proof-of-reserves reports by next year, according to incoming CEO Paolo Ardoino. While there is no set deadline for the plans, Tether already provides daily reserves reports on its website, which currently shows $84.15 billion in USDT. Ardoino also aims to increase tech investments, engage with regulators, and expand into renewable energy. Recently, blockchain analytics platform Santiment reported that large amounts of Tether are returning to crypto exchanges, which may signal a bullish trend.

Lybra Finance, the issuer of interest-bearing stablecoins, announced that the total issuance of eUSD/peUSD is currently $121 million, making them the 13th most widely used stablecoin option in the market. The team hinted that a major announcement will be released next week.

According to the official governance forum, a new Aave community proposal suggests adding stEUR as a pure collateral asset on the Aave V3 Ethereum pool. stEUR represents pledged agEUR, which is a decentralized stablecoin pegged to the euro minted by the Angle Protocol.

Circle, a stablecoin issuer, has launched a new tool called "Smart Contract Platform" that aims to simplify the process of building Web3 apps for developers. The platform provides pre-vetted code templates and a console or REST APIs for deploying smart contracts, potentially making it easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that allows developers to pay for their users' gas fees, which could make onboarding users easier. The platform offers pre-vetted templates for creating various smart contracts, including non-fungible tokens, blockchain loyalty programs, and interactions with decentralized finance projects.

Data monitored by Santiment shows that during the cryptocurrency market volatility caused by false ETF news yesterday, Tether's whale wallet was hoarding USDT on a large scale. The largest wallets in the top 10 rankings have regained a quarter of the total USDT supply, and the trading volume on the top stablecoin chain has reached a two-month high.

Tether's Chief Technology Officer, Paolo Ardoino, will take over as CEO from December, the company announced on Friday. The current CEO, Jean-Louis van der Velde, will transition to an advisory role. Tether issues a stablecoin, also called Tether, which is widely used in crypto-to-crypto trading and has $83.5 billion worth of tokens in circulation, making it the third-largest cryptocurrency after bitcoin and ether. Ardoino, who became CTO in 2017, is known as the public face of the company and has a background in computer science and cryptography.