Kazakhstan’s central bank is teaming up with stablecoin giant Tether to explore issuing a digital token tied to the country’s currency and putting real-world assets on blockchain rails. The National Bank of Kazakhstan (NBK), Tether and the Alatau City Authority signed a memorandum of understanding to study stablecoins, asset tokenization and decentralized finance, the parties […]

Ether ETH$2,558.85, the second-largest cryptocurrency, is about to lose one of its most persistent sources of demand as Ethereum-focused digital asset treasury firm Bitmine BMNR$24.46 will soon stop accumulating the token. Bitmine chairman Tom Lee, speaking Wednesday at TOKEN2049 in Singapore, said the firm will stop accumulating ETH once its holdings reach 5% of the […]

Crypto trading and market-making firm GSR is committing $100 million to a new onchain credit business, betting that vaults will become a bigger part of how institutional investors put digital and tokenized assets to work. The business, dubbed Hare, is being built alongside liquidity distribution platform Turtle and will create and manage onchain vaults. GSR’s […]

Crypto exchange OKX has secured fresh investment as it looks to transform itself from a venue for trading digital assets into a broader global financial technology platform spanning crypto, payments and traditional assets moving onto blockchain rails. The new investors are Circle, Ripple, quantitative investment manager Qube Research & Technologies (QRT) and SC Ventures, the […]

Arbitrum is joining the Global Dollar Network, the Paxos-led stablecoin consortium behind USDG, as the Ethereum layer-2 network looks to capture a slice of the economics from the stablecoins already circulating on its rails. USDG has launched on Arbitrum on Tuesday with integrations spanning trading, lending and payments, including Fluid, Morpho, GMX, Maple, Li.Fi, Gauntlet, […]

The company has issued more than 400 million cards and processed hundreds of billions of dollars in card volume since 2018, Stern said. Its stablecoin offering combines that issuing business with Bridge, the stablecoin infrastructure company Stripe bought for $1.1 billion in 2024. For a company such as Ramp, that could mean taking a corporate […]

“It’s all great to have AI tell you what a perfect portfolio is, but if you can’t access the assets, it doesn’t really matter,” Staudt said. “Blockchain and tokenization is clearly going to open up funds, strategies, asset classes and jurisdictions that are not currently available for everyone” For investors, that could mean moving beyond […]

The chain’s economics deteriorated quickly as speculative capital moved elsewhere and activity faded. Total value locked peaked over $2 billion in June 2024, according to DeFiLlama, and has since fallen to only $32 million. Meanwhile, Blast generated just $1,793 in revenue from network usage last month, down from a peak of about $3.5 million in […]

The incident adds to a rough year for crypto security. Just last week, exchange Bitget suffered an exploit that resulted in over $350 million in stolen assets. Other major incidents included Liquid Network at about $320 million, Drift at $295 million and Kelp at $293 million, according to DefiLlama data. NEAR Intents said it reported […]

That’s where Abrams sees an opening. Open USD, he said, is designed for banking, cross-border payments, card settlement, institutional trading and lending, with an economic model built to reward the companies that drive supply and activity. “When are stablecoins successful? It’s when they recede into the background and just become a core part of your […]