Ondo Finance USDY Stablecoin Launches on Aptos Blockchain
The Aptos Foundation announced the introduction of Ondo Finance’s yield-bearing stablecoin, Ondo US Dollar Yield (USDY), on the Aptos blockchain. USDY, an instrument guaranteed by United States Treasurys, will be accessible to non-US residents via the Aptos blockchain, as per the Aptos Foundation. Digital asset registration under the Securities Act in the United States has […]
Cardano Set to Launch USDA Stablecoin Under New Ownership
Cardano’s USDA stablecoin launch has reached new heights under new ownership, as the global drive toward the stablecoin sector has further amplified the buzz surrounding the development. The USDA stablecoin is forthcoming under new stewardship, according to a recent announcement from the founding entity of Cardano, EMURGO. As per the update, Encryptus, a seasoned crypto […]
Khamzat Chimaev’s Smash Token Faces Insider Trading Allegations
Insiders and developer accounts hold most of Khamzat Chimaev’s Smash (SMASH) crypto token, which raises concerns about insider trading for the celebrity memecoin. Chimaev, a prominent mixed martial artist and UFC contender, has initiated Smash, a memecoin. It is headquartered in Solana. According to an analysis conducted by the well-known onchain investigator, the purchase of […]
ASI Token Merger Phase 1 Kicks off With AGIX, OCEAN
The artificial Superintelligence Alliance (ASI) token merger initiated its initial phase by merging two AI tokens: OCEAN from Ocean Protocol and AGIX from SingularityNET. Phase one of the $7.5 billion token merger saw the AI tokens merge into Fetch.ai’s FET token, resulting in the widespread delisting of the former tokens on all crypto exchanges. ASI […]
Tether Implements USDT Social Security Payments for Filipinos
Tether, the world’s largest stablecoin issuer, has implemented a new crypto payment option for Filipino citizens to let them pay their Social Security System (SSS) contributions in USDT. The Social Security System in the Philippines is a state-run social insurance program that benefits employees in the informal, formal, and private sectors. The Social Security System […]