Stablecoin Issuing System M^0 Employs Fireblocks for Crypto Custody
M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
Finance
Avalanche Becomes Latest Blockchain to Support Franklin Templeton’s Tokenized Money Market Fund
The fund’s official record of share ownership is kept on the Stellar network and the fund may also use Polygon and Arbitrum for certain accounts.
Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust
The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.
TradFi Underestimates Bitcoin’s Enormous Scale, Franklin Templeton CEO Says
Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.
Latin American E-Commerce Giant Mercado Libre Launches U.S. Dollar-Tied Stablecoin
Customers of Mercado Libre digital bank subsidiary Mercado Pago will be able to buy and sell Meli Dollar with their Brazilian reais balances.
Story Protocol Developer Raises $80M Series B, Led by A16z, for Intellectual Property Chain
“We’re focused on solving a real problem that impacts the creative industry, not just creating another technical tweak,” Story Protocol CEO SY Lee says.
Bitcoin Miner Bitfarms to Buy Rival Stronghold Digital for $175M in Stock, Debt
The deal comes weeks after Riot Platforms dropped a bid to buy Bitfarms, choosing to overhaul the company’s board before pursuing a takoever again.
Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group
Tether plans to seek licensing for the stablecoin under the U.A.E. Central Bank’s Payment Token Services Regulation.
Second Solana ETF Approved in Brazil
Rio de Janeiro, Brazil (Raphael Nogueira/Unsplash)
State Street Selects Taurus for Crypto Custody, Tokenization
The bank will start with tokenization and plans to offer digital asset custody once the U.S. regulatory environment improves.