- MakerDAO Rebrands as Sky and New Stablecoin USDS
- Crypto.com Partnership with Standard Chartered Bank
- Bridge Raises $58M for Global Payments
As the DeFi and crypto space continues to evolve at a rapid pace, it's 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.
MakerDAO Rebrands as Sky and New Stablecoin USDS
MakerDAO has rebranded to Sky as part of its “Endgame” overhaul to make 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.
Crypto.com 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.
Bridge Raises $58M for 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 events underline the rapid evolution of the DeFi and crypto world, highlighting the importance of staying up-to-date with the latest news and trends.
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