News linked to both this project and an event.
Odaily reports: GMGN co-founder Haze posted that GMGN's in-house cross-chain bridge is currently undergoing limited-scale testing with increased volume, with a focus on ensuring fast, secure, and stable transactions.Haze stated that once this feature launches, users will be able to purchase tokens across multiple blockchains directly within the GMGN App using USDC.
Pump.fun co-founder and COO Alon posted on X that the platform's in-house cross-chain bridge, Pump Bridge, is now available to all app users. According to the test data he published, compared with the previously used cross-chain service provider Relay, Pump Bridge improves buy execution speed by about 2x, reduces transaction error rate by 92% from over 11% to under 1%, and on average yields more tokens for the same capital, while currently charging no additional cross-chain fees.Alon noted that previously, roughly 1 in every 9 cross-chain buys on Relay encountered an error, with a typical transaction taking close to 4 seconds and about 10% of transactions taking more than 7 seconds. He also said that the social trading app FOMO is still using Relay.The above results come from randomized testing conducted between September 28 and October 7, covering networks including Robinhood, BSC, Base, Arc, and Ink but excluding Ethereum, with a total of 416,669 transaction results recorded, of which 383,326 were used for transaction timing statistics and 35,333 USDC buys under $500 were used to compare execution performance.In addition, Alon said that the platform fee rate for the Pump.fun app is 0.45%, Callout rewards are distributed at at least $300,000 per day and have totaled about $20 million over the past two months. During the limited-time referral reward campaign, referrers can receive all platform fees generated by referred users, while the platform says it will not retain any platform fee revenue.
South Korean credit card company Shinhan Card has announced that it has signed an agreement with Japanese electronic payment instrument trading service providers SBI VC Trade and SBI XDC Network APAC to test yen stablecoin payments for tourists and cross-border trade settlement between Japan and South Korea. The agreement was signed on Tuesday, and the testing scope includes stablecoin card payments, wallet-to-wallet payments, and cross-border settlement, as well as evaluating anti-money laundering and fraud detection mechanisms.The initiative aims to support cross-border payments and settlement between South Korea and Japan and improve payment convenience for tourists. In the first eight months of 2026, tourist exchanges between the two countries exceeded 10 million visits, including 7.42 million South Korean visitors to Japan and 2.7 million Japanese visitors to South Korea.Shinhan Card announced in April this year that it had completed a proof of concept for stablecoin payments and cross-border settlement. SBI VC Trade registered in March 2025 as Japan's first electronic payment instrument trading service provider and can handle USDC. (Cointelegraph)
The joint venture OKXICE, formed by cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, disclosed in an updated announcement that it has received objection notices from 16 issuers, involving companies such as Alphabet, Microsoft, and Goldman Sachs.Andrew Cuomo, co-chairman of OKXICE and former Governor of New York, stated that these notices do not constitute objections, and that some companies simply want to observe how the tokenized stock model operates before making a decision, adding that he expects more companies to raise similar concerns.OKXICE's proposed platform plans to cover 62 companies listed on U.S. exchanges, of which about 25% have raised objections. The platform is intended to operate 24/7 through permissioned Uniswap v4 liquidity pools deployed on XLayer, with tokenized stocks paired respectively with Tether's USDt, Circle's USDC, or Global Dollar's USDG. (Cointelegraph)
Odaily — Stablecoin issuer Circle reported approximately $1.4 billion in revenue for the first half of 2026, of which about $819 million (59%) was paid to USDC distribution partners and for transaction costs, while another $473 million (approximately 34%) went toward licensing, banking partnerships, liquidity, compliance, and other expenses.Circle's net profit for the first half accounted for approximately 7% of revenue. Circle stated that the company holds more than 55 licenses and registrations, has partnerships with over 25 banks, and has deployed native USDC on more than 35 blockchains.Circle Payments Network users and eligible Circle Platform customers can redeem USDC free of charge on a near-real-time basis, 24/7 year-round, with standard redemptions typically completed within two business days. Circle minted and redeemed over $315 billion in USDC during the first half.USDC on-chain transaction volume exceeded $36 trillion in the first half of 2026, accounting for approximately 77% of global stablecoin transaction volume in June; minting and redemption volume reached $170 billion in the second quarter, up 105% year-over-year. (Bitcoin.com News)
Odaily reports: Real-world asset platform tx has launched the USD stablecoin USTX for use in its wallet and its planned tokenized stock market. Users can mint USTX using USDC from 8 blockchains and redeem it back to USDC, with supported networks including Ethereum, Solana, and Base.Fintech platform Brale is responsible for issuing USTX, managing reserve assets, and executing minting and redemption. tx co-founder and Chief Legal Officer Ashley Ebersole stated that USTX is not a USDC-backed wrapped asset or a synthetic representation of USDC; it uses an independent 1:1 reserve structure through Brale.According to tx's disclosure, each USTX is backed by $1 in assets, with reserves including cash, bank deposits, government money market funds, and short-term U.S. Treasury bills. Eligible USTX users can also earn rewards through the tx wallet program, and Ashley Ebersole said the reward program was designed based on legal advice to comply with the relevant provisions of the GENIUS Act. (Cointelegraph)
Odaily reports: The Phase 2 subscription for Axil Prime Credit (APC3M), the first RWA vault product jointly launched by R25 and Binance Wallet and curated by Axil, will close at 23:59 Beijing time on October 26. As of October 20, APC's total value locked (TVL) has reached $81.66 million, of which $36.26 million in subscriptions has been raised since Phase 2 opened on October 13.APC is a 3-month USDC wealth management product deployed on Pharos Mainnet, with underlying yields derived from emerging-market consumer credit portfolios. This phase offers a net annualized yield of approximately 12.5%-13%, plus a $200,000-equivalent PROS incentive pool. Users can make new subscriptions through the DeFi portal on Binance Wallet, or choose to continue holding their Phase 1 position.Axil is an institutional-grade RWA risk management provider whose team comes from BlackRock, HSBC, and HashKey. It focuses on emerging-market private credit strategies and employs AI-driven risk assessment and a multi-layered protection framework. R25, as on-chain asset management infrastructure for the next generation of finance, is committed to transforming real-world and digital assets into standardized, programmable vaults, helping users more easily access expert-level on-chain yields.
Ondo Perps has now listed the OpenAI Private Market Note, with the ticker OPAIPon. The note provides tokenized economic exposure linked to OpenAI and is now open for 7×24 trading on Ondo Perps' permissionless spot order book, with the trading pair OPAIPon/USDC. OPAIPon is part of Ondo Private Markets, which offers qualified investors tokenized economic exposure to leading private companies, allowing users to participate in trading without waiting for the company to go public and to self-custody the tokens in their personal wallets.
SUI has partnered with Samsung Wallet and plans to integrate the Sui network into Samsung phone wallets, allowing users to transfer USDC directly. The related feature is expected to launch first in the United States in the last week of October, potentially reaching approximately 82 million Galaxy devices.
Odaily Report: According to an official announcement, Binance has announced that it will globally launch Binance AIPro on October 19, 2026. The product is a finance-focused AI agent that allows users to convert trading ideas into tested automated strategies through conversation, without the need for programming. All users will use the free standard version by default, while the premium version costs 19.99 USDC/month and offers more credits as well as access to cutting-edge AI models such as ChatGPTSol, ChatGPTAstra, and ClaudeOpus.
Odaily reports: According to an official announcement, Binance has announced an upgrade to the "Write to Earn" program on Binance Square, adding participation rewards based on genuine engagement (comments, likes, and follows). Starting from 00:00 (UTC) on October 19, 2026, eligible creators can earn weekly participation rewards based on the quality of content engagement, in addition to trading commissions. Creators ranked in the top 100 by weekly base commission in the live streaming category can receive additional bonus commissions. Rewards will be distributed in USDC to spot accounts by 23:59 (UTC) on the Thursday of the following week.
According to CoinDesk, the development team behind Zcash's new node software, Zakura, plans to generate a unique viewing key for each ZEC swap conducted via NEAR Intents, while the spending key remains secured by the user's primary account. Under the current architecture, when users swap private ZEC for USDC via NEAR Intents, one of their Zcash privacy addresses is publicly broadcast on the NEAR public chain as a refund address and remains retained after the swap is completed. While this address currently does not leak information, sufficiently powerful quantum computers in the future could potentially reverse-engineer the viewing key using Shor's algorithm, thereby linking all payments received by that account, including amounts and memos. By implementing a "one-key-per-swap" approach, even if a refund address is compromised, attackers will only be able to view payments related to that specific swap. To address the issue of having to scan the entire blockchain sequentially during wallet recovery due to an abundance of keys, Zakura employs Private Information Retrieval (PIR) technology, allowing the wallet to query the location of incoming refunds without the database learning which address was queried.
Odaily reports: Circle disclosed that in the first half of 2026, USDC retained only 7 cents of net profit per $1 of revenue. According to a blog post published on October 16 by Circle Chief Business Officer Kash Razzaghi, Circle generated approximately $1.4 billion in revenue and reserve income in the first half of the year, of which $819 million was distributed to distribution partners and used for transaction costs, equivalent to about 59 cents per dollar of revenue. Circle stated that the low revenue retention rate demonstrates the sustainability of its model, and said that competitors' higher revenue-sharing ratios mean they are saving costs on underlying infrastructure.Circle holds more than 55 licenses and partners with over 25 banks, with more than 150 partners participating in the USDC economic revenue share. In the first half of 2026, USDC on-chain transaction volume exceeded $36 trillion; in June 2026, USDC's share of global stablecoin transaction volume rose to 77%, up from 60% in the same period the previous year. Open USD launched in June 2026, featuring free minting and redemption, and distributes reserve income directly to participants.
Odaily reports: The U.S. Depository Trust & Clearing Corporation (DTCC) will open commercial access to its tokenization service this month, covering approximately $30 trillion in assets under DTC central securities depository custody—about one-quarter of its total assets under custody. The service will initially run only on two closed platforms, Canton and Besu, with an initial batch of 25 liquid instruments including U.S. Treasuries, major ETFs, and Russell 1000 large-cap stocks. The system will only support two types of participants converting traditional securities into tokens via UI or API between 2:00 and 18:00 ET, while institutions can transfer tokens between wallets around the clock. Stellar (XLM) has been named a 2027 launch partner and will be integrated under the SEP-41 standard alongside Circle's Arc solution, with the original timeline of the first half of 2027 unchanged; a closed pilot in July this year involved more than 30 Wall Street institutions.
Ethereum co-founder Vitalik Buterin launched a "paranoid mode" for his AI agent on October 16, designed to conceal user identity, request origins, and payment traces. The solution packages zkAPI, Tor, additional obfuscation traffic, and local large language model prompt rewriting into an OpenAI-compatible daemon, with an outer wrapper designed for the agent framework pi. The system is already running on the Ethereum mainnet and supports ETH and USDC deposits. Vitalik stated that the system is "already quite usable," but starting new conversations is relatively slow, and the agent is confined to a software sandbox.
Coinbase's outstanding balance for crypto-backed loans has reached $2.3 billion, with the product launching in January 2025. Eligible users outside New York State can pledge Bitcoin to borrow USDC without selling their holdings, with loans routed through the Morpho decentralized lending protocol on the Base network. On September 22, Coinbase added fixed-rate loans through Morpho Midnight, and pledgeable assets have expanded to XRP, DOGE, ADA, and LTC. As of mid-September 2026, floating-rate loans have exceeded $1.4 billion, backed by approximately $3 billion in collateral.JPMorgan's JPMD tokenized deposits have been running on Base for institutions since mid-2026, with Citi and BNY Mellon also advancing related initiatives, and multiple UK banks planning to launch related networks in 2027.
According to Bank for International Settlements (BIS) Working Paper No. 1382, BIS economists Iñaki Aldasoro and Rashad Ahmed of the Andersen Centre for Financial and Economic Studies published a study examining whether stablecoins and bank deposits act as substitutes. Using U.S. weekly data from January 2019 through June 2025, the study applies the local projection method to estimate how stablecoin market capitalization responds to changes in deposit interest rates. The results indicate that rising deposit interest rates forecast a deceleration in stablecoin growth. In the context of an average ten-week stablecoin growth of 15%, OLS estimates indicate that each 1-basis-point increase in deposit rates reduces the growth rate by approximately 3 percentage points, bringing it down to around 12%. By leveraging the nonlinear dynamic where bank deposit pricing becomes more responsive once the federal funds rate surpasses approximately 3% as an instrumental variable, the estimated effect expands to roughly 9 percentage points, pushing the growth rate down to about 6%. Placebo tests on non-stablecoin cryptocurrency assets reveal no comparable effects.
According to information released by DTCC regarding its tokenization service, the platform will initially support 25 categories of tokenizable securities, backed by DTC-custodied securities worth approximately $30 trillion. Tokens maintain a strict 1:1 peg with their underlying securities, utilize the same CUSIP identifiers, and carry identical rights and investor protections as traditional book-entry instruments, with the official ledger remaining under DTC custody. Peer-to-peer transfers between DTC-registered wallets operate 24/7, subject to built-in compliance restrictions on token transfers. Participants may submit conversion orders via the UI and API during Eastern Time business hours from 2:00 AM to 6:00 PM, with a target processing window of under 15 minutes. U.S. Treasury coupon distributions and maturity redemptions will be processed on-chain, with fiat proceeds disbursed directly to participants’ traditional banking accounts. The inaugural asset lineup comprises Russell 1000 constituents (initiating with select large-cap equities), select ETFs, and U.S. Treasuries. Initial network integrations feature Canton Network (CIP-56) and DTCC’s private Besu network (ERC-20), with Stellar (SEP-41) and Circle’s Arc (ERC-20) targeted for 2027 deployment. The extended roadmap encompasses broadening the universe of tokenizable securities, deploying governance controls such as single sign-on and maker-checker approvals, scaling corporate action capabilities for equities and ETFs, merging book-entry and on-chain position records, and enabling on-chain netting, collateral management, and number
Odaily reports: A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory momentum for enterprises and financial institutions to enter the stablecoin space, and is also one of the important background factors behind Samsung's launch of stablecoin payment services. Samsung has announced that starting in the last week of October, it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the United States and covering approximately 82 million devices. Users can transfer USD stablecoins to compatible crypto wallets within seconds with no transfer fees, and can also send remittances to eligible bank accounts in more than 60 countries and regions. The service will use the Solana and Sui networks as its underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian responsible for safeguarding USDC assets.
Sui announced on X that Slush has integrated Halliday, allowing users to transfer tokens from 25 chains or deposit funds via bank cards, bank transfers, Apple Pay, and other methods. Users can receive SUI or USDC in Slush and click Buy to get started.