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GeneralBeginnerTether’s USD₮0 stablecoin has expanded its reach, now launching on Optimism’s Superchain. This move significantly increases the accessibility of the widely used stablecoin within the Ethereum layer-2 ecosystem. The deployment aims to bolster the functionality and liquidity of decentralized finance…
#crypto#layer-2#stablecoins
Fidelity Investments is reportedly nearing the completion of testing for a stablecoin pegged to the US dollar, marking the company’s latest move into digital assets amid a more favorable regulatory environment for crypto under the Trump administration. According to a March 25 report by the…
#assets#crypto#defi
GeneralBeginnerThe U.S. Department of Housing and Urban Development (HUD) is reportedly exploring the use of blockchain technology and stablecoins in some of its operations. According to ProPublica, which cited a recorded meeting, internal documents, and insights from three officials familiar with the…
#donald-trump#stablecoins#united-states
BitcoinBeginnerOn February 22, Montana’s House rejected a bill that aimed to designate Bitcoin as a state reserve asset, citing concerns over excessive speculation with taxpayer funds. House Bill No. 429 was defeated in a 41-59 vote, with many Republicans opposing it. The proposal sought to establish a special…
#assets#crypto#law
GeneralBeginnerPeter Thiel, the billionaire investor and co-founder of PayPal, and Paolo Ardoino, the Chief Technology Officer of Tether, are backing a new blockchain project focused on USDt, the stablecoin issued by Tether. The new blockchain, which is still under development, is designed to be more efficient…
#stablecoins#tether#venture-capital
GeneralBeginnerTether, the launch of the world’s largest stablecoin USDT, has partnered with Reelly Tech, a leading real estate platform in the United Arab Emirates (UAE), to bring USDT transactions to the country’s dynamic property market. This collaboration will enable property owners and investors to utilize…
#stablecoins#tether#uae
XRP LedgerBeginnerOndo Finance, a prominent player in the tokenized asset space, has announced plans to integrate its $185 million US Treasury token onto the XRP Ledger. This move signifies a significant step towards bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi) by bringing…
#crypto#defi#ledger
GeneralBeginnerCircle Internet Financial, the issuer of the USD Coin (USDC) stablecoin, has acquired Hashnote Management LLC, a provider of a tokenized money market fund with nearly $1.3 billion in assets. Circle announced on January 21 that the partnership “will enable USYC to emerge as a preferred form of…
#altcoin#circle#defi
SolanaBeginnerMoonPay acquired Helio, a Solana-powered crypto payment processor, for $175 million. The acquisition aims to expand MoonPay’s current payment services while also improving its skills in the crypto commerce and trading infrastructure space. Helio, founded in 2022, allows companies to accept…
#circle#crypto#stablecoins
GeneralBeginnerCircle, the issuer of the USDC stablecoin, has donated $1 million in USDC to President-elect Donald Trump’s inaugural committee. This contribution underscores the growing integration of digital currencies into mainstream financial activities. Jeremy Allaire, CEO of Circle, announced the donation…
#circle#donald-trump#stablecoins
GeneralBeginnerThe Frax community has voted to approve a proposal to use BlackRock’s United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. The proposal, identified as FIP-418, passed unanimously after six days of voting. This move signifies…
#altcoin#blackrock#defi
