This week, the DeFi world witnessed numerous events, including strategic alliances and product launches. Here is an overview of the key news.
Circle and Binance: Strategic Partnership for Global USDC Adoption
Circle and Binance announced a strategic partnership at Abu Dhabi Finance Week to expand the adoption of USDC. Binance will integrate USDC across its trading, savings, and payment services, using it as a core stablecoin for its corporate treasury.
Floki's Crypto Card Launch with Mastercard
Floki, in partnership with Mastercard, launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card, in both physical and virtual formats, offers seamless crypto spending. The virtual version is accessible worldwide, expanding Floki's reach.
Ripple Gets NYDFS Approval for RLUSD Stablecoin
Ripple Labs received approval from the New York Department of Financial Services (NYDFS) to issue RLUSD, a USD-backed stablecoin. CEO Brad Garlinghouse announced the stablecoin's imminent debut on multiple exchanges. Ripple aims to compete with market leaders like USDT and USDC.
The past week was eventful for the DeFi sector, with companies advancing product development and expanding partnerships. These events highlight the ongoing drive for innovation and growth in the crypto world.
