As the DeFi and crypto space rapidly evolves, staying informed about the latest developments and trends is crucial. This weekly recap provides a concise overview of significant news and trends in the DeFi and crypto space, keeping you informed.
Ripple Dollar (RLUSD) Launches with Transparency and Regulatory Support
Ripple introduced the Ripple Dollar (RLUSD), a U.S. dollar-backed stablecoin aimed at improving blockchain-based financial solutions. Officially launched on December 17, 2024, RLUSD is available on exchanges like Uphold, Bitso, and CoinMENA, with future listings planned. Plans include expanding RLUSD's role in tokenized assets and leveraging Ripple’s global payment network to increase adoption in key regions.
Ohio Proposes Bitcoin Reserve to Strengthen State Finances
Ohio Republican House leader Derek Merrin has introduced the Ohio Bitcoin Reserve Act, aiming to establish a Bitcoin fund within the state treasury. If passed, the bill would authorize including Bitcoin in Ohio's asset allocation. Ohio becomes the third U.S. state to propose such legislation this month, reflecting growing interest in Bitcoin's role in government reserves.
Justice Unfolding: Craig Wright's Case and Other Key Events
Dr. Craig Wright, the self-declared inventor of Bitcoin, received a one-year suspended prison sentence for contempt from a UK court. He will avoid jail unless he breaches court orders within the next two years. Wright was also fined £145,000, payable within two weeks. The court cited his defiance, including refusing to attend hearings in person and demanding £240,000 to cover costs, as key factors in the ruling.
This week was filled with significant events in the DeFi and crypto world, including new product launches, legislative initiatives, and legal proceedings. Stay connected to keep up with all the changes and watch this space evolve.
