🏃 Crypto Snapshots
DeFiAave launched a new mobile app on iOS that makes DeFi savings simple and accessible by letting users deposit fiat currencies directly and automatically convert them into interest-bearing stablecoins, all while protecting balances up to $1 million without relying on government guarantees.
RegulationCanada approved a groundbreaking stablecoin regulatory framework requiring issuers to hold full reserves and forbidding non-bank entities from offering yields, aiming to safeguard the market while urging faster deployment of CAD-backed stablecoins to boost competitiveness.
InfrastructureThe recent Cloudflare outage sparked renewed calls for decentralized physical infrastructure networks (DePIN) to reduce crypto’s dependence on centralized cloud providers, promoting resilience by incentivizing community-run hardware and services to safeguard blockchain and internet reliability.
FinanceSociété Générale’s SG-FORGE issued its first tokenized bond in the U.S., using a privacy-focused blockchain to enable instant settlement within traditional legal frameworks, signaling a major step in bridging onchain capital markets and conventional finance.
AdoptionKuCoin expanded into Australia with a new Sydney headquarters and local leadership, aiming to grow its presence by hiring across compliance, cybersecurity, and product development while preparing to compete in the Australian fiat-to-crypto market pending licensing.
TechnologyMastercard partnered with Polygon to simplify crypto transactions by enabling users to send tokens via verified, human-readable usernames instead of complex addresses, enhancing user experience and security within self-custody wallets.
(OpenAI, gpt-image-1-mini)