Brazilian Crypto Giants Team up to Launch Real-Pegged Stablecoin
Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon,…
ECB Working Paper: The Role of Stablecoins as Crypto Safe-Haven Is Questionable
A recent study part of the European Central Bank (ECB) working paper series has concluded that stablecoins are susceptible to shocks derived from U.S. monetary policy changes. Contractionary shocks make…
China’s New Stimulus Package Likely to Drive Crypto Price Surge
China’s $340B stimulus package includes rate cuts and increased liquidity, boosting interest in crypto markets. Increased liquidity from China’s measures is expected to positively impact cryptocurrency values, particularly Bitcoin. Crypto…
Pump.fun tops $900K revenue for 12 straight days
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Trendy new apps don’t tend to last long in…
Report: State Street enters tokenized bonds and digital money funds
American financial giant State Street is exploring blockchain technology to tokenize bonds and money market funds for enhanced collateral management. State Street, the largest custodian bank in the world, is…
RWA Issuer Midas Expands Tokenized Products to Retail Users with Regulatory Nod in Europe
Real-world asset platform Midas announced Tuesday an expansion in access to its tokenized U.S. Treasury bills and yield-bearing carry trade products to retail users after acquiring a regulatory green light…
Palau debuts blockchain-based savings bonds by CBDC developer Soramitsu
Palau’s government in partnership with Soramitsu and Japan’s ministry has launched a blockchain-based savings bond prototype aimed at enhancing domestic investment growth. Palau is launching a blockchain-based savings bond system…