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

Optimism Releases Required Batcher Update v1170

Optimism has announced the release of opbatcher v1170, which is mandatory for operators using the batching infrastructure for OP Stack chains.

user avatarAndrew Smith

NEAR Developers Release First Candidate for nearcore 2140

The NEAR developers have published the first release candidate for nearcore 2140, introducing significant protocol and database changes.

user avatarJacob Williams

Lido Completes Winddown of Regular Simple DVT Clusters

Lido has successfully completed the winddown of its regular Simple DVT clusters, marking a significant step in the decentralization of its validator operations.

user avatarZainab Kamara

Avalanche Schedules Helicon Network Upgrade for September 22

Avalanche has announced the Helicon network upgrade for its mainnet, set to activate on September 22 at 1500 UTC.

user avatarSon Min-ho

Uniswap Proposes Protocol Fee Rollout to Circles Arc Blockchain

Uniswap Labs has introduced a proposal to extend its protocol fee collection and UNI burn infrastructure to the Arc blockchain.

user avatarAyman Ben Youssef

Aave V4 Now Live on Circle's Arc Blockchain

Aave V4 has officially launched on Circle's newly established Arc blockchain, featuring key assets such as USDC, EURC, cirBTC, and WETH.

user avatarTando Nkube

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