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Polaris Introduces Stablecoin OS

A stablecoin operating system aiming to address the stablecoin trilemma of decentralization, scalability, and yield.

Quick Take

  • Polaris introduces stablecoin OS.

  • Tether launches USA₮.

  • FOCIL proposed for Hegotá.

  • SSV announces staking upgrade.


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Polaris Introduces Stablecoin OS

Listen to this episode from Ethereum News on Spotify. Polaris introduces its stablecoin operating system. Tether launches its USA₮ stablecoin on Ethereum. FOCIL is proposed as a headliner for Hegotá. And SSV Network introduces SSV Staking. Read more: https://ethdaily.io/870 Sponsor: Arkiv is an Ethereum-aligned data layer for Web3.

https://spotify.com

Polaris Introduces Stablecoin OS
Polaris Introduces Stablecoin OS

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Polaris Introduces Stablecoin OS

Polaris introduced its stablecoin operating system designed to address the stablecoin trilemma of decentralization, scalability, and yield. Its native yield-bearing stablecoin, pUSD, will be backed by ETH and will capture volatility itself as a sustainable yield source, eliminating counterparty risk from T-bills. The protocol also features pETH, an ETH derivative with a rising price floor, and POLAR, its native governance token with real yield. Immutable, auditable, and forkable, Polaris aims to provide a trustless, censorship-resistant alternative to centralized stablecoins while enabling scalable yield that grows with adoption.

Tether Launches USA₮ Stablecoin

Tether, the world's largest stablecoin issuer by market capitalization, launched its U.S. dollar–pegged stablecoin, USA₮, on Ethereum mainnet. USA₮ is issued by Anchorage Digital Bank, with Cantor serving as the reserve custodian, and aims to be fully U.S.-regulated and compliant with the GENIUS Act. The stablecoin currently has a market capitalization of $20 million. Tether's flagship stablecoin, USD₮, remains the largest stablecoin by market cap, with a total supply of approximately $186 billion. Tether is also among the top 20 holders of U.S. Treasuries.

FOCIL Proposed As Hegotá Headliner

Ethereum researcher Soispoke.eth proposed Fork-Choice Enforced Inclusion Lists (FOCIL) EIP-7805 as the headliner proposal for the Hegotá upgrade. Previously deferred from Glamsterdam, FOCIL strengthens Ethereum's censorship resistance by allowing multiple validators to enforce the inclusion of any protocol-valid transaction within a bounded timeframe. FOCIL reduces reliance on centralized block builders. As a headliner proposal, FOCIL aligns with the fork's focus on protocol-level guarantees for fair transaction inclusion. FOCIL's specifications have been reviewed, and prototype implementations exist across most Ethereum clients.

SSV Network Introduces Staking

SSV Network, a permissionless DVT staking protocol, introduced SSV Staking, a protocol upgrade that shifts the network to an ETH-native, onchain staking and accounting model. The upgrade allows SSV holders to stake SSV and earn ETH-denominated network fees. Stakers receive cSSV, an ERC-20 token that represents their staked position 1:1, retains governance rights, and continuously accrues ETH rewards. SSV Network is increasingly favoring ETH-denominated validator clusters. The transition to ETH rewards enables more capital-efficient liquidation parameters.

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