Weekly Recap in DeFi and Crypto Space

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by Giorgi Kostiuk

2 years ago

The DeFi and crypto space continues to grow rapidly, making it essential to stay updated on the latest developments and trends. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space.

Circle and Binance Partnership for USDC Promotion

Circle and Binance announced a strategic partnership at Abu Dhabi Finance Week, aimed at expanding the adoption of USDC, the popular stablecoin. Binance will integrate USDC across its trading, savings, and payment services, providing broader utility for the stablecoin. Additionally, Binance will adopt USDC as a core stablecoin for its corporate treasury, further advancing the global digital asset ecosystem.

Floki Launches Crypto Card in Europe

Floki, in partnership with Mastercard, has launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card, offered in physical and virtual formats, enables seamless cryptocurrency spending. While the physical card is limited to Europe, the virtual version is accessible globally, expanding Floki's reach.

Ripple's RLUSD Approval and NY Partnership

Ripple Labs has gained approval from the New York Department of Financial Services (NYDFS) 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 hit a $2 trillion market cap by 2028.

The past week has been packed with significant events and initiatives in the DeFi and crypto sectors, pointing to the continued growth and adaptation of the industry. Each of these events contributes to the development and popularization of decentralized financial technologies.

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Other news

EDX Markets and Apex Fintech Solutions Form Strategic Partnership

On October 26, 2023, EDX Markets and Apex Fintech Solutions announced a strategic partnership to integrate digital asset trading and clearing technology with Apex's financial infrastructure.

user avatarTenzin Dorje

Increased Rewards for Alpenglow Bugs Announced

Jump Crypto is raising payouts for eligible findings in the Firedancer program, especially for Alpenglow bugs. Effective until Nov 20, eligible findings will receive double the standard reward, with triple rewards for Alpenglow-specific bugs.

user avatarMohamed Farouk

Sean Bowe Calls for End to Automatic Funding for Zcash Community Grants

Zcash cofounder Sean Bowe proposes to halt the automatic allocation of 8 ZEC to the Zcash Community Grants program, citing sufficient treasury funds to cover years of spending.

user avatarBayarjavkhlan Ganbaatar

Solanas Firedancer Introduces Paywall for Bug Reports

The Firedancer team has implemented a requirement for researchers to burn 1 SOL per bug report to reduce AI-generated submissions.

user avatarElias Mukuru

Aviva Investors Expands Tokenized Fund Offerings with Sterling Liquidity Fund Launch

Aviva Investors has launched a tokenized share class of its Sterling GBP Liquidity Fund on the XRP Ledger, marking its second tokenized fund.

user avatarDiego Alvarez

Glamsterdam Upgrade Delayed Despite Security Improvements

Glamsterdam upgrade faces delays despite vulnerability fix due to additional testing requirements.

user avatarKenji Takahashi

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