- MakerDAO Rebrands as 'Sky' and Introduces New Stablecoin USDS
- Crypto.com Announces Strategic Partnership with Standard Chartered Bank
- Web3 Payment Platform Bridge Raises $58M to Transform Global Payments
As the DeFi and crypto space continues to evolve at a rapid pace, our weekly recap provides a concise and comprehensive overview of the most significant news and trends, helping you stay informed of the latest happenings.
MakerDAO Rebrands as 'Sky' and Introduces New Stablecoin USDS
MakerDAO has rebranded to Sky as part of its 'Endgame' overhaul aimed at making DeFi more accessible. The protocol introduces new tokens: USDS, replacing Dai, and SKY, the new governance token replacing MKR. Starting September 18, users can upgrade their MKR and DAI tokens to SKY and USDS, with MKR converting to 24,000 SKY tokens, and DAI converting to USDS at a one-to-one rate.
Crypto.com Announces Strategic Partnership with Standard Chartered Bank
Crypto.com has partnered with Standard Chartered Bank to enhance its global retail services, focusing on improving crypto transaction efficiency. The collaboration will enable seamless deposits and withdrawals in over 90 countries. Starting next month, the new services will launch in the UAE, offering users access to over 250 cryptocurrencies via the Crypto.com App, with plans to expand globally.
Web3 Payment Platform Bridge Raises $58M to Transform Global Payments
Bridge, a Web3 payment platform co-founded by ex-Square and Coinbase employees Zach Abrams and Sean Yu, secured $58 million in funding. The firm plans to develop a global payment network using stablecoins, aiming to rival traditional systems like SWIFT and credit cards. Major Silicon Valley venture firms, including Sequoia and Ribbit, are among the backers.
These key news and events highlight the dynamic development of the DeFi and crypto sector. Stay tuned for our summaries to keep abreast of the latest trends and changes in this rapidly evolving industry.
