Curve Finance has teamed up with the TON Foundation to launch a collaborative hackathon focused on improving stablecoin trading and enhancing user experience on the TON blockchain. The hackathon is scheduled to run until October 17, according to a...
Stablecoin issuer Agora has chosen the cross-chain protocol Wormhole as its primary interoperability provider for its AUSD offering. In a recent blog post, Wormhole announced its plans to expand the reach of the stablecoin AUSD across various blockchain networks....
Circle's USDC stablecoin will now be natively available on the Sui network. This integration, announced via separate press releases by Circle & the Sui Foundation, is expected to strengthen the Sui ecosystem by increasing liquidity and improving the overall...
Hong Kong-based digital asset issuer IDA Finance has announced plans to integrate Chainlink’s services into its forthcoming HKDA stablecoin, which will be backed by the Hong Kong dollar. According to an October 9 announcement, the issuer is trying to...
The rise of commodity-backed stablecoins this year has captured quite some attention, especially as an alternative to fiat-backed stablecoins and the volatile broader crypto market. As of August 1, 2024, their total market capitalization reached $1.3 billion, led by...
The Japanese yen is a relatively volatile currency at the moment. In April 2024, the yen reached a 34-year low, trading at 160.15 yen per U.S. dollar, its weakest since 1990. Despite this, GMO-Z.com Trust Company made a notable...
Japanese investment firm Metaplanet has expanded its Bitcoin holdings to nearly 640 BTC. On October 7, the firm announced its latest acquisition of 108.78 BTC, bringing its total holdings to 639.5 BTC, valued at approximately $40.5 million. Following the...
Brazil is integrating DeFi principles into the creation of its own "synthetic" central bank digital currency (CBDC), Drex, formerly known as the Brazilian digital real. According to Roberto Campos Neto, president of Banco Central do Brasil (BCB), the South...
Japanese investment firm Metaplanet has acquired 23.97 Bitcoin through an options deal with Singapore-based digital asset trading firm QCP Capital, bringing its total Bitcoin holdings to 530.72 BTC. In an October 3 announcement, Metaplanet revealed it had entered into...
DeFi changes how we handle money - banks, payment processors and almost all financial intermediaries we use today will become obsolete, practically, with DeFi. But this shifts the responsibility of securing our money to us and the platforms we...
