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While small projects are still struggling for their next round of funding and token launches, industry giants are already using cash to buy time and acquisitions to secure their future.
As a significant innovation in the cryptocurrency sector, stablecoins are designed with "stability" as their primary intention. However, their potential risks and hazards have attracted widespread attention from global regulatory bodies, academia, and the market.
Tether has recruited the core precious metals team from HSBC, making a strong entry into the precious metals market and challenging the existing industry landscape. In recent years, the company has accumulated one of the world's largest gold reserves.
Aster has aligned itself with Binance, while Lighter has chosen to embrace capital investment.
Institutional adoption combined with cooling volatility indicates that Bitcoin is entering a smoother, more mature cycle.
The Atlas upgrade allows L2s to directly rely on Ethereum as a real-time liquidity hub for the first time. This is not only a technical upgrade, but also a reshaping of the ecosystem landscape.
The long-term survival game of cryptocurrencies.
In Brief Visa launches direct payments via stablecoins for freelancers and digital services. The pilot project aims to improve speed and transparency in global payments. Visa plans global expansion of this payment system by 2026.
- 17:24Kyrgyzstan issues national stablecoin USDKG, with an initial supply of approximately 50.14 million tokensForesight News reported, citing Reuters, that Kyrgyzstan has announced the launch of a national stablecoin, USDKG, which is backed by gold reserves and pegged 1:1 to the US dollar. The initial issuance exceeds 50 million USD (a total of 50,140,738 tokens), and is issued by a state-owned enterprise controlled by the Ministry of Finance, mainly for cross-border payments and international trade. The Ministry of Finance plans to increase the supporting reserves to 2 billion USD. In addition, due to electricity shortages, the government has ordered a nationwide suspension of crypto mining operations.
- 17:24Polymarket becomes the exclusive prediction market partner of Yahoo FinanceForesight News reported that the prediction market platform Polymarket has announced it is now the exclusive prediction market partner of Yahoo Finance.
- 17:24DeFi Development to issue perpetual preferred shares to raise $65 millionForesight News reported that Nasdaq-listed Solana treasury company DeFi Development has announced the issuance of perpetual preferred shares to raise $65 million. The new funds will be used to further increase holdings of SOL tokens and for general corporate operations.