Crypto lender Nexo made an unsuccessful offer to acquire troubled rival BlockFi earlier this year as part of a proposed deal worth about $850 million, according to The Block. The deal included $30 million for the acquisition of 51% of BlockFi as well as a $500 million credit line. In July, Nexo had offered rival…

Cardano developer Emurgo announced plans to issue a US dollar-pegged stablecoin, USDA, on the Cardano network in early 2023. Emurgo plans to introduce USDA by the end of Q1 2023. Emurgo, Cardano’s official commercial arm, said in a statement that USDA will be the first regulated stablecoin on the blockchain backed by a fiat currency….