The DeFi and cryptocurrency spheres continue to evolve rapidly, making staying informed on the latest developments and trends essential. This weekly recap presents the major news and trends, helping you stay up to date with the latest happenings.
Circle and Binance Partner to Expand USDC Adoption
Circle and Binance announced a strategic partnership at Abu Dhabi Finance Week, aiming to expand the adoption of USDC, the popular stablecoin. Binance will integrate USDC across its trading, savings, and payment services, broadening the stablecoin's use. Additionally, Binance will adopt USDC as a core stablecoin for its corporate treasury, further promoting the global digital asset ecosystem.
Floki Launches Crypto Debit Card in Europe with Mastercard
Floki, in partnership with Mastercard, has launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card, available in physical and virtual formats, enables seamless cryptocurrency spending. While the physical card is limited to Europe, the virtual version is globally accessible, expanding Floki's reach.
Ripple's RLUSD Stablecoin Set for Launch
Ripple Labs has gained approval from the New York Department of Financial Services to launch RLUSD, a US dollar-backed stablecoin. CEO Brad Garlinghouse announced on December 10 that the stablecoin would soon debut on multiple exchanges and partnerships. Ripple aims to challenge market leaders like USDT and USDC, projecting RLUSD to reach a $2 trillion market cap by 2028.
The past week was eventful in the realm of DeFi and cryptocurrencies. New partnerships, product launches, and regulatory approvals indicate growth and strengthening of the ecosystem.
