News linked to both this project and an event.
Coinbase released a monthly review on July 1, stating that in the first half of the year, it advanced its product layout around the strategy of "every asset, every market, one platform," covering tokenized stocks, pre-IPO perpetual contracts, stock options, crypto options, stock index perpetual futures, AI tools, payments, stablecoins, and on-chain infrastructure. Coinbase stated that the tokenized stocks are 1:1 backed shares of US companies, expected to include dividends, on-chain trading, holding, and redemption functions, and are not available to US persons. Coinbase also noted that its pre-IPO perpetual contracts will start with SpaceX and then expand to OpenAI and Anthropic, and will offer crypto options through integration with Deribit. Coinbase CEO Brian Armstrong said on July 3 that Coinbase is one of the companies with the highest level of AI application globally. Coinbase also stated that it has launched a direct INR on-ramp in India, become the official deployer of the USDC treasury wallet for Hyperliquid, partnered with Ethena across over $50 billion in assets, and mentioned transferring approximately $4.4 billion USDC to the Hyperliquid deployer. (Bitcoin.com News).
: Visa, M-Pesa, and Onafriq have launched a pilot project in the Democratic Republic of the Congo to settle cross-border mobile transactions using a stablecoin pegged to the US dollar. The pilot targets scenarios such as cross-border mobile wallet top-ups, international commercial transactions, and remittances. The World Bank estimates that the average cost of cross-border remittances in Sub-Saharan Africa is close to 8% of the transfer amount. Visa has previously partnered with African cryptocurrency exchange Yellow Card to explore stablecoin treasury management and international settlement services. (Bitcoin.com News).