Solana Stablecoin Push Expands as SDP Offers One API for Issuance and Ramps

Synthetix governance has moved to retire sUSD entirely under SIP-423, introduced June 12. The proposal would freeze the stablecoin contract and pay all holders back at face value in vested SNX at a conversion of four SNX per sUSD. A companion SIP-424 covering technical implementation is pending.

Scottish asset manager Baillie Gifford has launched BAGEY, the first publicly available, fully native UK-regulated tokenized bond fund, with BNY providing custody and wallet infrastructure across Solana and Ethereum.

Sunrise and Backpack Securities tokenized Micron Technology ($MU) stock on Solana on Monday, landing the asset on-chain 48 hours before the chipmaker's fiscal Q3 earnings report. Each MU token is backed 1:1 by a real share held in custody and redeemable through Backpack Exchange into a traditional

The rise of unauthorized meme tokens highlights the speculative nature of crypto markets, posing significant risks for uninformed investors. The post Mbappé’s World Cup scoring run sparks predictable wave of Solana meme tokens appeared first on Crypto Briefing.

MoonPay acquired Entendre to add AI powered reconciliation, treasury management and accounting automation to its digital asset infrastructure. The post MoonPay acquires Entendre to bring AI accounting agents to stablecoin operations appeared first on Crypto Briefing.

The peer-to-peer payments firm MoneyGram is joining the Solana (SOL) Network as an active validator. MoneyGram will also join the Solana Developer Platform (SDP), following in the footsteps of Mastercard, Worldpay and Western Union, per a Solana Foundation announcement. MoneyGram has invested in blockchain technology and partnered with crypto firms for years, collaborating with the […] The post Payments Firm MoneyGram Joins Solana (SOL) Network As Active Validator appeared first on The Daily Hodl.

$BAGEY launches as a fully on-chain UK-regulated tokenized fund on Solana. Baillie Gifford uses blockchain records for ownership, settlement, and fund transparency. The fund targets fixed-income investors through USDC-based digital infrastructure. Baillie Gifford has launched its Enhanced Yield Fund ($BAGEY) on Solana, introducing what it describes as the first publicly available UK-regulated tokenized fund issued […] The post $BAGEY Debuts on Solana as UK-Regulated Fund Goes Fully On-Chain appeared first on Live Bitcoin News.

Crypto ETF flows stayed divided in the holiday-shortened week ending June 19, with bitcoin funds posting $226.8 million in outflows and ether ETFs slipping by $10 million. Altcoin products told a stronger story, with a combined addition of $46 million into HYPE, XRP, and solana ETFs. Altcoin ETFs Gain Momentum as Bitcoin Funds Post Sixth […]