News linked to both this project and an event.
According to the official announcement, Binance Earn, One-Click Buy, Instant Swap, VIP Borrowing, and Margin Trading will be launched on Genius Terminal (GENIUS) and OpenGradient (OPG) on May 22 at 20:00. Cross-margin and isolated-margin trading pairs will be expanded to include GENIUS/USDT, GENIUS/USDC, OPG/USDT, and OPG/USDC.
According to Binance’s official announcement, Binance has listed Genius Terminal (GENIUS) and OpenGradient (OPG) on May 22, 2026, at 11:00 AM UTC, enabling six spot trading pairs: GENIUS/USDT, GENIUS/USDC, GENIUS/TRY, OPG/USDT, OPG/USDC, and OPG/TRY. Withdrawals will be enabled the following day at the same time.
Bitget Wallet has announced the expansion of its QR code payment service to Latin American markets, including Argentina, Colombia, and Bolivia. As a result, Bitget Wallet's QR code payment capability now covers key markets in both the Asia-Pacific and Latin America, accelerating the global expansion of its Everyday Finance strategy.This expansion follows Bitget Wallet's integration route with Brazil's Pix, and now connects to three local payment networks: Transferencias 3.0 (Argentina), Bre-B (Colombia), and QR Simple (Bolivia). Users can directly use USDC or USDT for QR code payments within the wallet without needing to exchange currencies in advance.
Jeremy Allaire, CEO of Circle, posted on X announcing that cirBTC is即将 launched. Circle Wrapped Bitcoin (cirBTC) is a tokenized Bitcoin backed 1:1 by native Bitcoin, issued by Circle on the Ethereum mainnet and the Arc network. Each cirBTC is backed 1:1 by native Bitcoin held in custody by regulated entities within the Circle group.
Odaily Odaily News: Flipcash, an app created by Kik founder Ted Livingston, has launched a native stablecoin USDF on Solana, based on Coinbase's "Stablecoin as a Service" platform.According to reports, USDF is pegged 1:1 to the US dollar and fully backed by USDC. Coinbase handles issuance, reserves, and compliance matters. Flipcash has become the first application to use the Coinbase stablecoin-as-a-service platform.It is understood that USDF will primarily be used for cash-like payment scenarios within the Flipcash app. Flipcash is a digital payment application built on Solana, allowing users to create and trade "community currencies" with a fixed supply.Coinbase launched its stablecoin-as-a-service platform in late 2025, aiming to help enterprises issue branded stablecoins without needing to build their own infrastructure. (The Block)
According to Fortune, Catena Labs—founded by Sean Neville, co-founder of Circle—has raised $30 million in its Series A funding round, led by Acrew Capital and a16z crypto, with participation from Breyer Capital, General Catalyst, and QED. Catena Labs focuses on developing tools that enable AI agents to conduct financial transactions securely. The company has applied to the U.S. Office of the Comptroller of the Currency (OCC) in New York for a national trust bank charter, seeking regulatory authorization to process payments and hold customer funds. Previously, in 2025, Catena Labs secured an initial $18 million financing round led by a16z crypto.
The Zcash Foundation released its Q1 2026 report, disclosing total liquid assets of approximately $36.7 million, including roughly $12.11 million in cash, 506,556 USDC, 85,412 ZEC (valued at ~$21.2 million), 41.8 BTC (valued at ~$2.85 million), and 12.02 ETH (valued at ~$25,000). The Zcash Foundation added that, although the first quarter of this year saw personnel changes within the Electric Coin Company’s development team and governance-related disputes, network operations remained unaffected, with transactions and block production continuing normally. On the regulatory front, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation without taking any enforcement action, thereby resolving long-standing regulatory uncertainty.
Odaily Planet Daily reported that Pump.fun will launch a new token USDC pairing feature on May 21, and existing SOL-based pairings will not be affected by this change. Since its launch in January 2024, it is estimated that at least 5.07 million SOL has been locked in liquidity pools, valued at $430 million.According to on-chain data, over $382 million has been allocated for PUMP buybacks, removing 37.9% of the circulating supply from the market and offsetting 13.4% of the total supply. (solanafloor)
According to South Korean media reports, Tether, the world’s largest stablecoin issuer, has recently filed seven trademark applications in South Korea, including the “Tether” logo and Tether Gold (XAUT), a gold-backed stablecoin. This marks Tether’s first application in South Korea for its corporate name and logo trademarks; previously, it had only applied for trademarks covering stablecoin product names. Industry insiders believe this move may signal Tether’s preparation to enter the South Korean market. South Korea’s proposed Digital Asset Basic Act (Phase II Virtual Asset Act) is currently under discussion and includes a provision requiring overseas stablecoin issuers to establish local subsidiaries in South Korea before conducting circulation-related business. Tether’s trademark filings may thus represent a strategic pre-emptive move ahead of its competitor Circle. Jeremy Allaire, Circle’s founder and CEO, visited South Korea in April to discuss potential collaboration opportunities with local financial holding companies and virtual asset exchanges. He described South Korea as “the world’s most dynamic virtual asset market—and a leading candidate for the most mature stablecoin market in the future.”
According to chart analysis released by independent analyst Markus Thielen on May 19, the current market capitalization of USDT has reached $189.8 billion, while that of USDC stands at $76.9 billion—both exhibiting long-term upward trends. However, since Bitcoin entered a correction phase in October last year, the total market capitalization of stablecoins has remained largely flat, indicating relatively limited inflows of new capital into the crypto market. Thielen noted that although there is a widespread belief that stablecoins will fully replace traditional payment networks, their primary use cases remain concentrated on crypto trading and portfolio management—still far from achieving mainstream payment adoption. While U.S. policy broadly supports stablecoin development—partly because their reserve assets are often reallocated into U.S. Treasury securities—the gap between current usage and true mainstream payment application remains substantial.
Odaily. Bernstein stated in its latest research report that the newly reached compromise on stablecoin yields under the U.S. CLARITY Act is structurally beneficial for Circle and the USDC ecosystem.The report notes that the current version of the bill prohibits stablecoin issuers from paying interest to passive holders that is "economically equivalent" to bank deposits, but allows reward mechanisms tied to actual transaction, payment, and usage activities to continue. Bernstein believes this means Circle's current model, which relies on partners like Coinbase to provide USDC reward programs, will gain regulatory recognition, while also limiting the industry's ability to compete for market share through high yields.Bernstein points out that the bill effectively reinforces the positioning of stablecoins as "payment tools" rather than "deposit substitutes," helping to protect Circle's current business model that relies on reserve income. The firm maintains an "Outperform" rating for Circle with a $190 target price.Data shows that the total global supply of dollar-pegged stablecoins has surpassed $300 billion, with USDT and USDC collectively accounting for approximately 97% of the market share. Bernstein notes that USDC's share in on-chain payments and wallet transfers is steadily increasing, and its share of payments in the AI Agent payment protocol x402 has exceeded 99%.Additionally, Bernstein mentioned that Circle's ARC chain has cumulatively completed 244 million testnet transactions. The ARC token pre-sale previously raised $222 million, with investors including a16z crypto, Apollo Funds, ARK Invest, and BlackRock.However, the report also points out that the CLARITY Act still needs to complete multiple legislative procedures before it takes effect, including a 60-vote threshold in the full Senate and coordination with the House version. Polymarket currently estimates its probability of passage by 2026 at approximately 62%. (The Block)
B.AI has officially integrated into the Solana ecosystem, comprehensively upgrading its cross-chain login and payment capabilities. Users can now log in with one click via MetaMask and Phantom wallets and top up or subscribe using SOL, USDT, USDC, or WBTC on the Solana network. B.AI now supports eight major public blockchains—TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana—building a more open and decentralized multi-chain AI economy. New users enjoy an exclusive limited-time welcome offer: 500,000 points upon first login, a 1:1 bonus on top-ups, and up to an additional $100 worth of points per user. Going forward, B.AI will lower entry barriers and expand asset options to help you seamlessly enter the new era of intelligent economics.
: Kelp posted on X platform, stating that to ensure the security standards of rsETH and optimize network integration, it will discontinue rsETH cross-chain support for multiple networks after June 15. The affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement.Kelp reminds users holding rsETH on the aforementioned chains to bridge it back to the Ethereum mainnet before June 15. After the deadline, asset recovery can still be requested, but a fee of 100 USDC will be charged per address. Specific procedures will be announced closer to the deadline.
Euler Finance announced it will take over the maintenance and operation of the Euler contract stack known as Mewler under HypurrFi on the Hyperliquid EVM. The relevant infrastructure is undergoing a smooth transition, with Clearstar Labs continuing to serve as the risk manager for the Prime, Yield, and Earn vaults. HypurrFi Scale and Pooled Markets are scheduled to gradually wind down and undergo orderly liquidation over the coming weeks. However, all existing markets remain solvent and fully operational, with no security vulnerabilities or emergency parameter adjustments.During the migration process, new borrowing functionality for some Pooled assets has been frozen, but HYPE, USDC, and USDT0 can still be used for liquidity provision to allow borrowers to gradually unwind their positions. Euler emphasized that its isolated lending architecture on HyperEVM will continue to serve as core infrastructure, jointly maintained by Euler and Clearstar Labs.The HypurrFi team stated that user deposits, positions, and collateral assets remain fully secure. This adjustment is an active strategic migration, not a security incident or protocol failure. According to the plan, Euler Prime and Yield markets will become the primary entry points for lending and yield markets on HyperEVM moving forward. The HypurrFi brand will be gradually phased out, with related support services closing after May 28. Full market liquidation is expected to be completed by July 15, 2026.HypurrFi also reminded users to be aware of risks and fraudulent links during the migration process, to operate only through official channels, and to use the built-in migration tools to transfer Pooled positions to Euler Prime or Yield markets.
Turnkey, a company specializing in crypto wallets and key management infrastructure, has announced the completion of a $12.5 million strategic financing round. Archetype and Circle Ventures led the round, with participation from Sequoia Capital, Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant. The project's total funding has now exceeded $65 million.The company's primary business involves developing wallet and key management infrastructure for crypto applications. This round of financing will be used to support the development and public launch of Turnkey Verifiable Cloud, a product focused on digital asset security computing. This product aims to provide enterprises with verifiable operating environments, encompassing functionalities such as transaction visibility, policy decisions, and agent-driven wallet activities. Turnkey's current clientele includes Polymarket, World App, and Anchorage Digital.
According to Coinbase’s official blog, Coinbase has announced its appointment as the official Treasury Deployer (AQA) for USDC on Hyperliquid, further solidifying USDC’s position as the preferred stablecoin for on-chain capital markets. The total amount of USDC on Hyperliquid has now reached approximately $5 billion, representing a 200% year-on-year increase. Meanwhile, Native Markets has agreed to sell the USDH brand assets to Coinbase, and the USDH market will be gradually phased out. During the transition period, users can freely exchange USDH for USDC or fiat currency via the USDH Dashboard, with ongoing support provided by Native Markets.
Coinbase has become the official Treasury deployer of USDC on Hyperliquid, positioning it as a quote asset for alignment. As part of the transition, Native Markets has reached an agreement granting Coinbase the right to purchase USDH brand assets. The USDH market will be gradually phased out, during which users can still exchange USDH for USDC or fiat currency without fees.Currently, the scale of USDC on Hyperliquid is approximately $5 billion, a 2x increase year-over-year. This integration aims to strengthen USDC's position as the preferred stablecoin for on-chain capital markets, further unifying global markets and enhancing capital efficiency.
Bitwise Chief Investment Officer Matt Hougan stated that privacy is becoming a core infrastructure direction for the next phase of the crypto industry. Recently, three institutional-grade blockchains focused on stablecoins and asset tokenization—Arc, Canton, and Tempo—have accumulated over $1 billion in total funding, indicating a rapidly growing demand from institutions for "privacy-friendly on-chain financial systems."Among them, stablecoin issuer Circle contributed $222 million in funding for Arc, giving it a valuation of approximately $3 billion; Digital Asset’s Canton blockchain is reportedly seeking $300 million in funding at a $2 billion valuation; and Tempo, backed by Stripe and Paradigm, has previously completed $500 million in funding at a valuation of $5 billion.Hougan noted that this funding wave reflects three major trends: the gradual clarification of the U.S. regulatory framework, increased institutional demand for on-chain privacy, and intensified competition among new blockchain networks supported by large enterprises. Current public blockchains still face structural trade-offs between speed, cost, security, and privacy. However, scenarios involving stablecoins and RWA tokenization require systems that simultaneously offer high performance, compliance, and privacy, making “verifiable privacy” a critical prerequisite for institutional adoption of on-chain finance.Hougan further stated that, for enterprises, “all transactions being publicly broadcast” is not an advantage but a potential flaw. In the future, users and institutions may find it increasingly difficult to accept a fully transparent on-chain financial environment. He believes that privacy capabilities could become the “killer app” driving the crypto industry into its next phase of mainstream adoption. Additionally, following the passage of the U.S. Genius Act in 2025, regulatory certainty has significantly increased, providing a clearer policy foundation for institutional funds to enter the crypto infrastructure space. (CoinDesk)
According to CoinDesk, Denis Beau, Deputy Governor of the Bank of France, has publicly called on Europe’s public and private sectors to jointly advance the development of euro-tokenized money to counter the dominance of U.S. dollar–pegged stablecoins. This stance stands in clear contrast to that of European Central Bank (ECB) President Christine Lagarde, who remains cautious toward private stablecoins—citing financial stability risks posed by USDT, USDC, and others—and favors a central bank–led digital euro initiative expected to launch in 2029. Beau outlined a “triple objective” for Europe’s development: aligning with central bank monetary services; enabling regulated institutions to issue pan-euro tokenized private money; and strengthening the Markets in Crypto-Assets (MiCA) regulatory framework. His position closely aligns with that of the Qivalis consortium—a group comprising 12 major European banks, including ING, BBVA, and BNP Paribas—which plans to launch a private digital euro this year. Beau also revealed that the eurosystem will roll out its first tokenized wholesale central bank money service before year-end.
According to Odaily, AI startup White Circle has completed an $11 million seed funding round, with participation from Romain Huet of OpenAI, Durk Kingma of Anthropic, and several other executives from prominent AI companies. The company provides a unified API for real-time monitoring of large model inputs and outputs, used to detect hallucinations, prompt injection attacks, harmful content, model drift, and malicious user behavior. It also supports custom security policies (such as rate limiting and banning) and automated governance. (Techfundingnews)