Mantle | Crypto

Mantle has added Paxos-issued USDG as a natively minted stablecoin while joining the network’s reward-sharing structure. Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner, according to a Thursday announcement. The integration makes USDG one of the first stablecoins to be natively minted on Mantle and brings the network into USDG’s reward-sharing structure. As a partner, Mantle can receive a share of the rewards generated by USDG activity, joining a network of more than 150 partners, including Kraken and Robinhood. USDG has a market capitalization of about $3.18 billion, making it the seventh-largest stablecoin tracked by DefiLlama. The stablecoin is issued by Paxos and operates under regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reports on its reserves. Read more

The credit facility would help Aave address bad debt created after the April rsETH exploit strained its WETH market. Mantle tokenholders backed a proposal authorizing a credit facility of up to 30,000 Ether (ETH), worth about $68 million, for Aave DAO, advancing remediation tied to bad debt from the April rsETH exploit. The proposal, MIP-34, passed in a seven-day Snapshot vote that ended Friday, according to DAO governance platform Snapshot. The measure authorizes the Mantle Foundation to negotiate and execute definitive agreements with Aave DAO for a loan from the Mantle Treasury, though the facility remains subject to Aave implementing its recovery plan and the parties finalizing terms. The credit facility is intended to help address the impact of the rsETH incident on Aave V3. The proposal said the attacker deposited 89,567 unbacked rsETH on Aave and borrowed about $190 million in WETH, wstETH and stablecoins, creating potential bad debt estimated at between $123.7 million and $230.1 million. Read more

Altcoin Season has unfolded through targeted rotations rather than a blanket rally. Aethir, Mantle, and Hyperliquid have seen liquidity supported by trading depth, exchange access, and derivatives markets, reflecting how catalysts and market structure have guided flows. The post Altcoin Season Just Shifted – Traders Crowd Aethir, Mantle, Hyperliquid. Who Misses Out? appeared first on Cryptonews.

Mantle and Avalanche have posted double-digit gains on the day while the broader crypto market downturn continued.

Altcoin season often takes shape through tokens that capture unique flows of capital. This week, three assets are standing out in distinct ways. Pump.fun has continued to climb on the back of steady memecoin creation. Mantle has benefited from new futures products and exchange campaigns. Avalanche is drawing attention for partnerships that extend into mainstream […] The post Altcoin Season Develops Through Pump.fun, Mantle, and Avalanche appeared first on Cryptonews.

Mantle’s growing utility within the Bybit exchange’s ecosystem may inspire a new wave of convergence between the industry’s decentralized and centralized stakeholders. Mantle 2.0, which aims to become the institutional “liquidity chain” for tokenized real-world assets, is championing a new business model that may accelerate the mutually beneficial convergence between the industry’s centralized and decentralized participants. Mantle Network was initially launched as an Ethereum layer-2 (L2) scaling solution in 2021 under BitDAO, as the first L2 network launched by a decentralized autonomous organization (DAO). In July 2023, BitDAO and Mantle Network consolidated into the Mantle brand and the Mantle (MNT) token. Read more

Mantle ($MNT) has climbed 4.6% to $1.07 as Layer 2 tokens have advanced, supported by partnerships, EigenLayer data availability, and rising DeFi activity. The team has outlined Mantle Banking and a $400M MI4 fund, while TVL has reached $242.65M amid mixed short-term technicals. The post Mantle ($MNT) Jumps 4.6% to $1.07 – Breakout Ahead or Bull Trap? appeared first on Cryptonews.

Mantle maintained a leading position among competing protocols in Q1 2025, prioritizing infrastructure development and ecosystem alignment. Despite a 36.6% QoQ decrease in market cap to $2.7 billion, Mantle outperformed ETH’s 46.0% decline. The mETH Protocol and Function closed the quarter with $709.7 million and $1.2 billion in TVL, respectively. Treasury value decreased 10.3% to $3.5 billion, with MNT comprising 65.4% of holdings. The network fully integrated EigenDA, enabling 15 MB/s throughput and securing the system with over 163,000 mETH (approximately $335 million) in restaked assets. While usage metrics declined, onchain engagement was sustained through initiatives like the Mantle Rewards Station, Methamorphosis Season 3, EcoGalaxy: Mantle Surge, and Kaito’s Yap leaderboard.

[PRESS RELEASE – Singapore, Singapore, May 22nd, 2025] mETH becomes the first liquid staking token to be held on the balance sheet of a publicly listed company. Mantle, the largest sustainable hub for on-chain finance with over $3 billion in Total Value Locked (TVL), today announced a strategic partnership with Republic Technologies, the Ethereum (“ETH”) […]