Solayer and OpenEden are launching a yield-bearing stablecoin on Solana backed by United States Treasury bills, according to an Oct. 28 announcement. Dubbed sUSD, the stablecoin is the first of numerous tokenized real-world assets (RWAs) Solayer plans to launch on Solana, the company said in a post on the X platform. “[A]nyone with $5 can access tokenized…

Visa users with eligible debit cards will soon be able to instantly deposit and withdraw funds from their accounts with the crypto exchange Coinbase after the two firms announced a partnership. “Coinbase already has millions of users with a debit card connected to their account,” Visa said in an Oct. 29 statement. It added United States…

The Hong Kong Monetary Authority (HKMA) has been networking its tokenization-focused Project Ensemble and has new collaborations to show for it. Project Ensemble is being linked with the Central Bank of Brazil’s (CBB) Drex pilot project and the Bank of Thailand’s (BOT) Project San. Uniting tokenization projects around the world The CBB announced the second phase of…

Ethereum co-founder Vitalik Buterin says a goal of one of the blockchain’s roadmap stages is to research “advanced cryptography” to make it resistant to future quantum computers, which could break encryption. “There is a heck of a lot left to do,” Buterin wrote in an Oct. 29 blog post, which shared his thoughts on a part…

Europe’s forthcoming regulatory framework will introduce banking concerns for stablecoin issuers that could threaten the stability of the broader crypto space, according to Paulo Ardoino. The Markets in Crypto-Assets Regulation (MiCA) is the first comprehensive regulatory framework for the crypto industry and is set to go into full effect on Dec. 30. Under MiCA, stablecoin…

Jack Booth, co-founder of TON Society, believes that achieving mass adoption of cryptocurrency hinges on advancing decentralization within The Open Network (TON). In an exclusive interview with Booth, whose organization is focused on decentralizing finance and data on TON, told Cointelegraph that the TON community “is building a decentralized ecosystem” to make decentralized finance (DeFi),…

The Coinbase-developed Ethereum layer-2 network Base was briefly the number one blockchain for stablecoin volume on the same day it hit a new all-time-high transaction count. Notching a record market share of stablecoin volume on Oct. 26, Base accounted for 30.06% of all stablecoin volume, beating out other chains, including Solana, Ethereum, and Tron, for the number…

Tether CEO Paolo Ardoino took the stage at Lugano’s PlanB event in Switzerland to provide a breakdown of the reserve assets backing the company’s Tether-USD stablecoin following allegations that the firm was under investigation by the United States Department of Justice and the Treasury. Ardoino revealed that Tether holds approximately $100 Billion in US treasuries,…

What does the seizure of cryptocurrency mean? Seizure of cryptocurrency refers to the confiscation of crypto assets by authorities, usually as part of legal investigations. It may occur in cases of fraud, money laundering or other unlawful activities.  If law enforcement agencies suspect illicit activity, they can confiscate digital assets from wallets. The funds are usually…

The rise of government-issued blockchain-based digital gilts, or bonds, could impact global debt markets by potentially reducing borrowing costs and opening up new trading strategies. In an exclusive interview with Cointelegraph, Lamine Brahimi, co-founder and managing partner of Taurus — a digital asset infrastructure provider — shared his insights on the impact of digital bonds…