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Decentralized Social Network's DeSo Token Rallies Amid Stablecoin Plans
The project has created a wrapper for Circle’s widespread USDC stablecoin.
Ni Danny Nelson
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Decentralized Social Network DeSo’s native token (DESO) railled Thursday as traders digested an expansion of the project’s content strategy and its plans to partially integrate Circle’s widespread USDC stablecoin.
DESO was trading around $17.82 at press time on a 25.6% daily jump, with strong spikes immediately preceding and following the platform’s stablecoin announcement at 1:04 p.m. ET Thursday, per CoinGecko. The token has a current market capitalization of $165 million, or one-tenth its peak total value last October.
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The self-described decentralized alternative to social media’s giants says it will let developers create “social apps” that can’t be knocked offline. That ecosystem will presumably need payments rails – leading to the onboarding of a derivative of USDC, a top-three stablecoin.
DeSo's blockchain won't host a native form of USDC, as is the case for big name networks such as Ethereum and Solana. Instead, it will issue "DesoDollars" to users who bridge their Ethereum-based stablecoins into the ecosystem, said founder Nader Al-Naji. He said DeSo plans to give other chains' USDC the same treatment.
"It’s not our goal to be tied to a single chain," he said.
DeSo also this week expanded its content strategy to include long-form writing like blog posts, adding Wordpress and Medium to the list of internet media behemoths it seeks to disrupt.
UPDATE (Oct. 6 19:00 UTC): Adds details from Dylan Lee.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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R3 bets on Solana to bring institutional yield onchain
As DeFi investors seek stable, uncorrelated returns, R3 is building Solana-native structures to bring private credit and trade finance into crypto markets.
Ano ang dapat malaman:
- R3 has repositioned itself around tokenization and onchain capital markets, with Solana as its strategic base.
- The firm is targeting high-yield, institutional assets like private credit and trade finance, packaged in DeFi-native structures.
- Liquidity, not tokenization itself, is the next unlock for real-world assets onchain, according to R3 co-founder Todd MacDonald.
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