The Defiant·
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.
Read full articleSoFiUSD, the first stablecoin issued by a US national bank, crossed $150 million in circulating supply on Tuesday as Bullish became the first centralized exchange to list the token.
The retirement of sUSD and compensation in SNX may enhance Synthetix's focus on perpetual futures, potentially attracting new investments. The post Synthetix governance votes to retire sUSD, pay holders in SNX tokens appeared first on Crypto Briefing.
Solana stablecoin push grows as MoneyGram joins SDP and becomes a validator, supporting issuance, ramps, and payments. MoneyGram has joined the Solana ecosystem as an active validator, adding another payments firm to the network’s infrastructure base. The move comes as Solana Developer Platform, or SDP, expands its role in stablecoin issuance, ramps, token extensions, and […] The post Solana Stablecoin Push Expands as SDP Offers One API for Issuance and Ramps appeared first on Live Bitcoin News.
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.
On-chain governance stripped admin control over Aztec's rollup contract, freezing the code in place and clearing the technical bar for L2Beat's top decentralization tier.
The BoE scrapped individual holding caps for a £40 billion per-coin issuance limit and will let issuers hold more reserves in government debt.
BoE replaces stablecoin holding caps with a £40B issuance limit framework. Stablecoin issuers can now hold 70% of reserves in UK government debt. New rules aim to balance digital payment innovation with financial stability. The Bank of England has unveiled a revised regulatory framework for systemic stablecoins, removing proposed limits on individual holdings and easing […] The post Bank of England Drops Stablecoin Holding Caps in Major Policy Shift appeared first on Live Bitcoin News.
USD1's circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move that pushes the World Liberty Financial-issued stablecoin past Sky's USDS in net weekly inflows.
