Top Japanese Banks Test Cross-Border Stablecoin Transfers
MUFG Bank, Mizuho Financial Group, and SMBC, three of the largest financial institutions in Japan, plan to test cross-border stablecoin payments by utilizing SWIFT’s API. As part of “Project Pax,” a collaborative effort between Progmat and Datachain, three of the biggest financial institutions in Japan, Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui […]
API3 Launches Oracle Solutions for Better DeFi Efficiency
A new wave of technologies, introduced by API3, aims to improve the speed, efficiency, and sustainability of decentralized finance. API3 enhances the DeFi infrastructure to guarantee developers’ greater performance and long-term growth. It is releasing its most recent technology, intended to enhance how DeFi protocols obtain real-world data, as per a press release. API3 is […]
Sonic SVM Plans $12.8M HyperGrid Node Sale on Solana
According to Sonic SVM, the HyperFuse Nodes are now available for purchase, making this the first node sale in the Solana ecosystem. These nodes will be essential to the multi-SVM network’s expansion and security, enabling operators to confirm state transitions and boost the ecosystem’s effectiveness, according to a press release. In order to build additional […]
BitGo Approved as Crypto Custodian for Swiss SIX Exchange
BitGo has increased its market share in the European cryptocurrency market by being approved as a custodian under the SIX Exchange Regulation Crypto-Asset Rule. According to a business statement on X, the company can now offer regulated custodial services per Swiss financial legislation. The main stock market in Switzerland, SIX market, has approved BitGo, which […]
DWF Labs Hints at Synthetic Stablecoin
The crypto market maker DWF Labs intends to introduce a stablecoin that could rival Ethena’s USDE. The co-founder of DWF Labs, Andrei Grachev, claims that the cryptocurrency trading and market-making business has completed the design of its synthetic stablecoin. Collateral assets like Bitcoin and other allocated cryptocurrencies are the foundation for synthetic stablecoins, which run […]