Crypto exchange OKX built a decentralized perpetuals trading platform akin to Hyperliquid and Aster but held off launching it over regulatory concerns, its founder says. The Web3 arm of OKX developed the unnamed platform in 2023, OKX founder and CEO Star Xu said in an X post on Sunday. “Hyperliquid proved that massive success in onchain perps…

Three major international vehicle manufacturers have started accepting a Tether in Bolivia to navigate its collapsing US dollar reserves, marking a major step in the Latin American country’s crypto adoption. Tether CEO Paolo Ardoino shared that Toyota, Yamaha, and BYD are taking Tether for payment on Sunday, while crypto security firm BitGo confirmed the first Toyota was…

The first regulated stablecoin tied to the international version of the Chinese yuan (CNH) meant for foreign exchange markets, and a South Korean won (KRW) stablecoin launched this week as the global stablecoin race heats up. Financial technology company AnchorX debuted its AxCNH yuan-pegged stablecoin on Wednesday at the Belt and Road Summit in Hong…