1. Tether to Launch Dirham-Pegged Stablecoin for UAE, Eyes Gulf Expansion
2. Sony Unveils Ethereum Layer-2 Blockchain 'Soneium' to Accelerate Web3 Adoption
3. Polygon’s MATIC to POL Token Migration on September 4: Everything You Need to Know

The DeFi and crypto world continues to evolve rapidly, making it essential to stay informed about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space.

Tether to Launch Dirham-Pegged Stablecoin for UAE, Eyes Gulf Expansion

Tether, the top stablecoin issuer, is launching a new stablecoin pegged to the UAE Dirham (AED). This move aims to expand Tether's global reach, adding to its existing lineup of fiat-backed tokens like USDT and EURT.

Sony Unveils Ethereum Layer-2 Blockchain 'Soneium' to Accelerate Web3 Adoption

Sony has unveiled Soneium, a new Ethereum Layer-2 network, to boost Web3 innovation. Set to launch soon, this blockchain platform aims to mainstream blockchain technology, targeting sectors like entertainment, finance, electronics, and gaming.

Polygon’s MATIC to POL Token Migration on September 4: Everything You Need to Know

Ethereum scaling solution, Polygon, will undergo a significant change as the MATIC token migrates to POL on September 4, 2024. The new POL token will replace MATIC as the native gas and staking token in the Polygon Proof-of-Stake (PoS) network. This transition, part of a multi-phase rollout, aims to bolster the network's functionality and support Polygon's ambitious AggLayer project, which is crucial for its scaling solutions.

Each of these news highlights the rapid development and innovation in the DeFi and crypto world. Stay with us to keep up with the latest events.