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Western Union CEO Says Solana-Based Stablecoin USDPT Is Weeks Away From Launch

Western Union’s CEO and president, Devin McGranahan, has confirmed the company’s Solana-based stablecoin USDPT is in its “final stages” of preparation and expected to go live next month. Key Takeaways:…

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Blackrock’s IBIT Pulls $167M as Bitcoin ETFs Extend 8-Day $223M Inflow Streak

Bitcoin extended its inflow streak with conviction, adding $223 million. However, ether’s rally paused with a $76 million outflow, while XRP and solana posted decent gains. Key Takeaways: Bitcoin ETFs…

Continue ReadingBlackrock’s IBIT Pulls $167M as Bitcoin ETFs Extend 8-Day $223M Inflow Streak

Singapore Gulf Bank Unveils Stablecoin Mint and Redeem Service for Institutional Clients

Singapore Gulf Bank has launched a stablecoin mint and redeem service, allowing institutional and high-net-worth clients to convert fiat currency to digital assets with 24/7 instant settlement. Key Takeaways: SGB…

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Tether Steps In With $150M Support Plan After Drift Protocol Loses $285M in Exploit

Tether announced a recovery plan of up to $150 million to help Drift Protocol users recoup losses from an April 1 exploit that drained approximately $285 million from the Solana-based…

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Solana DEX Warns Liquidity Providers to Withdraw After North Korean Employee Link Surfaces

Stabble, a Solana-based decentralized exchange ( DEX), urged all liquidity providers on Tuesday, to withdraw their funds immediately after onchain investigator ZachXBT publicly linked a former employee to suspected North…

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Solana Foundation Launches STRIDE Security Program for DeFi Protocols Following Drift Incident

The Solana Foundation and Asymmetric Research launched STRIDE on Monday, a tiered security program built to protect decentralized finance ( DeFi) protocols across the Solana ecosystem with ongoing evaluations, threat…

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