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Polygon is a decentralized Ethereum scaling platform that enables developers to build user-friendly, scalable dApps with low transaction fees without compromising security.
Web3 fintech startup Jia completes $3 million seed funding round, with participation from Coinbase Ventures and others
: Web3 fintech startup Jia announced the completion of a $3 million seed funding round, with participation from Coinbase Ventures, Stellar Development Foundation, A100x Ventures, TCG, and Hashed Emergent.To date, Jia's total cumulative funding has reached $7.3 million. Jia currently operates multiple decentralized lending pools and introduces liquidity through networks including Base, Stellar, Arbitrum, and Polygon, while utilizing stablecoins for cross-border settlements to reduce remittance costs and settlement times.The new funds will be used to expand features such as corporate bank accounts and cash flow management.
JPYC, the issuer of the yen-pegged stablecoin, has completed a $17.62 million Series B extension round.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.
Mastercard Expands On-Chain Settlement Network, Supporting Stablecoins and 24/7 Fund Settlement
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
Robinhood, MetaMask, and other institutions jointly launched the On-Chain Trading Coordination Protocol (OTL).
According to PR Newswire, the Open Transaction Layer (OTL) officially launched on May 28 as an open industry initiative aimed at establishing a unified transaction coordination standard for on-chain finance. OTL defines shared protocols among institutions, non-custodial wallets, and AI agents for identity verification, messaging, and transaction coordination—covering the entire transaction lifecycle, including discovery, compliance, and settlement. The founding alliance comprises over 25 members, including leading financial institutions, payment service providers, and blockchain foundations such as Fireblocks, Checkout.com, Cross River Bank, MetaMask, Robinhood, Securitize, Wintermute, Solana Foundation, and Polygon. OTL’s technical specifications are built upon mature standards including W3C Decentralized Identifiers (DIDs) and ISO 20022, and adopt a modular five-layer architecture covering Identity, Session, Transport, Messaging, and Application layers. The specifications have been published under an open-source license at otl.network, and the alliance is also open to additional institutional participation.
Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance
: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)
Polymarket: ZachXBT Reports Security Incident Related to Internal Operational Wallet Private Key Leakage; User Funds and Market Settlement Secure
Polymarket staff member Shantikiran Chanal posted on platform X, stating that they have taken note of the security reports related to reward distribution, and that user funds and market settlements remain safe. The investigation indicates that a private key leak occurred in a wallet used for internal operations, and the issue is not related to contracts or core infrastructure. Further updates will be provided.Previous report: ZachXBT stated that the Polymarket UMA CTF Adapter contract allegedly came under attack on Polygon, with over $520,000 having been drained.
THORChain Releases Security Incident Update: Losses to Be Absorbed Through Protocol-Owned Liquidity, Attacker Node Fully Slashed
THORChain has released its fourth update regarding the Asgard vault intrusion incident, publishing the ADR028 proposal and opening voting for node operators. The proposal indicates that the protocol will first absorb losses through its Protocol-Owned Liquidity (POL), with the remaining portion to be borne by synthetic asset holders. The exact proportion is still under evaluation. The POL will be reduced to zero as a result, and the proposal suggests allocating a portion of system revenue over time to gradually replenish it. This plan does not involve minting new RUNE, selling RUNE, or diluting holder equity.On the technical side, the GG20 version will be temporarily retained with a patch upgrade. Trading will resume after the vulnerability is fixed and a successful node rotation is completed. A slower, more security-focused release cadence is planned for the future.Regarding the slashing mechanism, unrelated nodes sharing the same vault as the attacker will be protected, while the attacker's node will be fully slashed. The recovered RUNE will be paired with recoverable assets from the affected vault, and any excess RUNE will be burned.Additionally, THORChain has offered a white-hat bounty to the attacker to recover funds. If a portion of the funds is recovered, the recovery plan will be adjusted proportionally. THORChain emphasizes its commitment to remaining neutral and permissionless, stating it will not censor the attacker's swap transactions after trading resumes.Currently, node operators are voting on the overall direction and principles of the proposal. The specific figures in the ADR are indicative and will be adjusted later via the Mimir mechanism. The goal is to restart the network as soon as possible. A "yes" vote means developers can proceed further along this path.
THORChain: Network Paused Due to Security Incident, Suspected Single Malicious Node Exploiting GG20 TSS Vulnerability to Steal Funds
Odaily Odaily, THORChain posted on platform X that its developers have released an incident update on Discord. Current evidence points to a node thor16uc...cn84q, which recently joined the network, as being associated with the attack. This node is operated by a single malicious actor. The primary hypothesis is that the attacker exploited a vulnerability in the GG20 TSS implementation, causing sensitive key material of vault participants to leak over time. This ultimately enabled the reconstruction of the vault's private key and the execution of unauthorized outgoing transactions.Regarding network status, the network has been paused after multiple node operators executed `make pause`. RUNE transfers and on-chain observation may resume within approximately 12 hours, but transactions, LP operations, signing, and other sensitive operations remain paused.Discussed recovery plans include slashing the affected node's bond, covering losses with protocol-owned liquidity (POL), or other community-driven solutions. THORSec and Outrider Analytics are continuing their investigation. The Treasury is gathering forensic data and coordinating with relevant law enforcement agencies. Full functional recovery is expected to take several days or longer.
Block's Cash App to Phased Rollout Stablecoin Payment Feature
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
Polymarket: ZachXBT Reports Security Incident Related to Internal Operational Wallet Private Key Leakage; User Funds and Market Settlement Secure
Polymarket staff member Shantikiran Chanal posted on platform X, stating that they have taken note of the security reports related to reward distribution, and that user funds and market settlements remain safe. The investigation indicates that a private key leak occurred in a wallet used for internal operations, and the issue is not related to contracts or core infrastructure. Further updates will be provided.Previous report: ZachXBT stated that the Polymarket UMA CTF Adapter contract allegedly came under attack on Polygon, with over $520,000 having been drained.
B.AI Adds Support for HTX and WBTC Deposits, Marking Another Major Upgrade to Its Multi-Chain Payment Ecosystem
B.AI, a cutting-edge financial infrastructure platform for the AI era, has officially launched deposit functionality for $HTX and $WBTC. Following this upgrade, users can now perform seamless operations via TRON, Ethereum (supporting WBTC and HTX), and BNB Chain (supporting HTX). B.AI’s ecosystem now fully covers eight major public blockchains—TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana—and supports up to 15 core crypto assets. B.AI remains committed to breaking down cross-chain asset barriers, enabling users—regardless of their preferred network or asset—to enjoy lightning-fast, secure, and frictionless account and payment experiences.
B.AI Officially Integrates with the Solana Ecosystem, Expanding Multi-Chain Coverage to Eight Major Public Blockchains
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.
Huma Finance: Approximately 101,400 USDC Lost in Old v1 Contract Attack, v2 System Unaffected
Huma Finance posted on X platform, stating that its old v1 contract deployed on Polygon was exploited today, resulting in the transfer of approximately 101,400 USDC. This incident did not compromise user funds, and the related PST system was also unaffected. Only the gradually phased-out v1 legacy pools were impacted. The Huma v2 system is a complete rewrite deployed on Solana and is not vulnerable to this exploit. The team was already in the process of retiring v1 liquidity pools, and following this incident, they have fully suspended the operation of v1 contracts and accelerated the completion of migration efforts.
Polymarket Merges Cross-Chain Bridge Deposit Recovery Tool
According to the official documentation of the prediction market platform Polymarket, the Bridge Deposit page has consolidated the previously separate Ethereum and Polygon deposit recovery tools into a single tool, and removed the original "matic-recovery[.]polymarket[.]com" link.
Polymarket: ZachXBT Reports Security Incident Related to Internal Operational Wallet Private Key Leakage; User Funds and Market Settlement Secure
Polymarket staff member Shantikiran Chanal posted on platform X, stating that they have taken note of the security reports related to reward distribution, and that user funds and market settlements remain safe. The investigation indicates that a private key leak occurred in a wallet used for internal operations, and the issue is not related to contracts or core infrastructure. Further updates will be provided.Previous report: ZachXBT stated that the Polymarket UMA CTF Adapter contract allegedly came under attack on Polygon, with over $520,000 having been drained.
ZachXBT: Polymarket’s UMA CTF Adapter contract疑似 attacked, over $520,000 stolen
According to on-chain investigator ZachXBT, Polymarket’s UMA CTF adapter on the Polygon network appears to have been attacked, resulting in losses exceeding $520,000 so far.
THORChain Releases Security Incident Update: Losses to Be Absorbed Through Protocol-Owned Liquidity, Attacker Node Fully Slashed
THORChain has released its fourth update regarding the Asgard vault intrusion incident, publishing the ADR028 proposal and opening voting for node operators. The proposal indicates that the protocol will first absorb losses through its Protocol-Owned Liquidity (POL), with the remaining portion to be borne by synthetic asset holders. The exact proportion is still under evaluation. The POL will be reduced to zero as a result, and the proposal suggests allocating a portion of system revenue over time to gradually replenish it. This plan does not involve minting new RUNE, selling RUNE, or diluting holder equity.On the technical side, the GG20 version will be temporarily retained with a patch upgrade. Trading will resume after the vulnerability is fixed and a successful node rotation is completed. A slower, more security-focused release cadence is planned for the future.Regarding the slashing mechanism, unrelated nodes sharing the same vault as the attacker will be protected, while the attacker's node will be fully slashed. The recovered RUNE will be paired with recoverable assets from the affected vault, and any excess RUNE will be burned.Additionally, THORChain has offered a white-hat bounty to the attacker to recover funds. If a portion of the funds is recovered, the recovery plan will be adjusted proportionally. THORChain emphasizes its commitment to remaining neutral and permissionless, stating it will not censor the attacker's swap transactions after trading resumes.Currently, node operators are voting on the overall direction and principles of the proposal. The specific figures in the ADR are indicative and will be adjusted later via the Mimir mechanism. The goal is to restart the network as soon as possible. A "yes" vote means developers can proceed further along this path.
THORChain: Network Paused Due to Security Incident, Suspected Single Malicious Node Exploiting GG20 TSS Vulnerability to Steal Funds
Odaily Odaily, THORChain posted on platform X that its developers have released an incident update on Discord. Current evidence points to a node thor16uc...cn84q, which recently joined the network, as being associated with the attack. This node is operated by a single malicious actor. The primary hypothesis is that the attacker exploited a vulnerability in the GG20 TSS implementation, causing sensitive key material of vault participants to leak over time. This ultimately enabled the reconstruction of the vault's private key and the execution of unauthorized outgoing transactions.Regarding network status, the network has been paused after multiple node operators executed `make pause`. RUNE transfers and on-chain observation may resume within approximately 12 hours, but transactions, LP operations, signing, and other sensitive operations remain paused.Discussed recovery plans include slashing the affected node's bond, covering losses with protocol-owned liquidity (POL), or other community-driven solutions. THORSec and Outrider Analytics are continuing their investigation. The Treasury is gathering forensic data and coordinating with relevant law enforcement agencies. Full functional recovery is expected to take several days or longer.
Huma Finance: Approximately 101,400 USDC Lost in Old v1 Contract Attack, v2 System Unaffected
Huma Finance posted on X platform, stating that its old v1 contract deployed on Polygon was exploited today, resulting in the transfer of approximately 101,400 USDC. This incident did not compromise user funds, and the related PST system was also unaffected. Only the gradually phased-out v1 legacy pools were impacted. The Huma v2 system is a complete rewrite deployed on Solana and is not vulnerable to this exploit. The team was already in the process of retiring v1 liquidity pools, and following this incident, they have fully suspended the operation of v1 contracts and accelerated the completion of migration efforts.
Ink Finance’s Workspace Treasury Proxy on Polygon was attacked, resulting in losses of approximately $140,000.
According to Blockaid’s monitoring, Ink Finance’s Workspace Treasury Proxy on Polygon was exploited minutes ago, involving approximately $140,000.
Polygon zkEVM Mainnet Beta to Shut Down on July 1, DeFi Assets at Risk if Withdrawal Deadline Missed
According to an official announcement from Polygon, the Polygon zkEVM Mainnet Beta will officially initiate its shutdown process on July 1, 2026, leaving approximately two weeks until full service cessation. The team urgently reminds users to withdraw all on-chain assets and liquidity positions before this deadline, as failure to do so may result in irretrievable loss of assets.The shutdown details two distinct rules for different asset types: Locked funds deposited in various DeFi protocol contracts will not be supported for automatic migration and cannot be recovered after the deadline; only assets held directly in personal wallets that have not been bridged back to Ethereum Mainnet in advance will be automatically migrated by the system to Ethereum L1, where users can claim them via a dedicated page. The platform urges users to promptly complete pool withdrawals and cross-chain operations to avoid the risk of permanent asset loss.
MetaMask Launches AI Agent Wallet Supporting Cross-Chain DeFi Operations with Built-in Transaction Security Protection
According to MetaMask’s official blog, MetaMask has officially launched its first self-custodial wallet designed specifically for AI agents—MetaMask Agent Wallet—and will begin its Early Access Program on June 8, 2026. The wallet connects to AI agent frameworks via a command-line interface (CLI) and supports the full suite of DeFi functionalities—including token swaps, perpetual contracts, prediction markets, and liquidity provision—across all EVM-compatible chains (Ethereum, Arbitrum, Base, Avalanche, Optimism, Polygon, BSC, Linea, Sei) as well as Hyperliquid. On security, the wallet offers two operational modes: - Default “Guard Mode” allows users to set daily spending limits and protocol allowlists; transactions exceeding these rules require manual two-factor authentication (2FA) approval before execution. - “Beast Mode” grants advanced users greater autonomy, but malicious transaction detection and mandatory 2FA verification remain enforced. All transactions undergo transaction simulation, Blockaid threat scanning, and MEV protection. Secure transactions are backed by up to $10,000 per month in transaction protection. Users retain full control of their private keys and can export their seed phrase at any time. The full public release is expected this summer.
Mastercard Expands On-Chain Settlement Network, Supporting Stablecoins and 24/7 Fund Settlement
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
Polymarket completes first "six-figure" institutional on-chain block trade, targeting NVIDIA H100 GPU computing power price
prediction market platform Polymarket has disclosed the completion of its first institutional on-chain block trade. The six-figure USD transaction was executed on the Polygon blockchain by digital asset broker FalconX and AI risk settlement infrastructure startup Anera Labs, targeting contracts related to the Ornn Compute Price Index, which tracks the rental price of NVIDIA H100 GPU chips. Polymarket stated that this is the first institutional on-chain block trade in the prediction market field. Going forward, FalconX will also serve as the exclusive market maker for block trades on the Polymarket platform to support institutional clients' liquidity needs and price discovery. (CNBC)
Polymarket: CLOB Glitch Affects Trading, Restart Scheduled at 21:10 to Deploy Fix
Polymarket has stated the CLOB API is currently under maintenance, affecting trading functionality. The project team has identified the CLOB issue impacting trades and will restart the CLOB at 21:10 today to deploy the fix. During this period, there may be a brief window where order matching is temporarily unavailable or only limit orders are possible. Other services, including the website, Markets API, Polygon RPC, user authentication, and Sports API, will continue to operate normally.
Robinhood, MetaMask, and other institutions jointly launched the On-Chain Trading Coordination Protocol (OTL).
According to PR Newswire, the Open Transaction Layer (OTL) officially launched on May 28 as an open industry initiative aimed at establishing a unified transaction coordination standard for on-chain finance. OTL defines shared protocols among institutions, non-custodial wallets, and AI agents for identity verification, messaging, and transaction coordination—covering the entire transaction lifecycle, including discovery, compliance, and settlement. The founding alliance comprises over 25 members, including leading financial institutions, payment service providers, and blockchain foundations such as Fireblocks, Checkout.com, Cross River Bank, MetaMask, Robinhood, Securitize, Wintermute, Solana Foundation, and Polygon. OTL’s technical specifications are built upon mature standards including W3C Decentralized Identifiers (DIDs) and ISO 20022, and adopt a modular five-layer architecture covering Identity, Session, Transport, Messaging, and Application layers. The specifications have been published under an open-source license at otl.network, and the alliance is also open to additional institutional participation.
Related news
Polygon zkEVM Mainnet Beta to Shut Down on July 1, DeFi Assets at Risk if Withdrawal Deadline Missed
According to an official announcement from Polygon, the Polygon zkEVM Mainnet Beta will officially initiate its shutdown process on July 1, 2026, leaving approximately two weeks until full service cessation. The team urgently reminds users to withdraw all on-chain assets and liquidity positions before this deadline, as failure to do so may result in irretrievable loss of assets.The shutdown details two distinct rules for different asset types: Locked funds deposited in various DeFi protocol contracts will not be supported for automatic migration and cannot be recovered after the deadline; only assets held directly in personal wallets that have not been bridged back to Ethereum Mainnet in advance will be automatically migrated by the system to Ethereum L1, where users can claim them via a dedicated page. The platform urges users to promptly complete pool withdrawals and cross-chain operations to avoid the risk of permanent asset loss.
"Tokenized Pokémon Card" Trading Surges: Sales on Solana and Other Chains Reach $230 Million in May
the trading volume of tokenized Pokémon cards on crypto platforms is growing rapidly. Driven by "gacha" mechanisms, physical cards are mapped as NFTs or digital certificates, creating a "box-opening/card-pulling" trading experience. According to data disclosed by Messari, seven blockchains including Solana, Polygon, Base, and BNB recorded approximately $230 million in trading volume in May, an increase of about 10 times compared to a year ago. Additionally, the global trading card market size reached $15.8 billion in 2024 and is expected to grow to $23.5 billion by 2030. Meanwhile, the total market cap of NFTs currently stands at around $2.4 billion, indicating that on-chain collectibles are still in the early stages of penetration. (Decrypt)
Mastercard Launches AI Payment Protocol "Agent Pay for AI," Enabling Direct Payments Between AI Agents
Mastercard has announced the launch of a new payment protocol called Agent Pay for AI, designed to enable artificial intelligence agents to conveniently make micropayments to each other, such as for pay-per-use access to website data. Mastercard Chief Product Officer Jorn Lambert stated that the project will not be a major source of revenue in the short term, but is expected to become a new, scalable market within the next five years. He also predicted that AI chatbots will eventually play a significant role in e-commerce transactions and could give rise to a payment ecosystem between bots.It is reported that the protocol records the permissions granted by humans to AI agents on the blockchain, ensuring agents operate according to instructions. Initially, Mastercard has chosen to store this permission information on the Ethereum-based Polygon network. Other companies involved in developing the protocol include fintech firm Adyen, crypto exchange Coinbase, and web hosting giant Cloudflare. (Fortune)
Solana DEX Weekly Active Traders Surpass 1.2 Million, Ranking First Among All Public Chains
Odaily News, Dune data shows that as of the latest statistics, the number of weekly active traders on Solana's on-chain DEX is approximately 1.24 million, continuing to rank first among all public chains.Data reveals that during the same period, BNB Chain had approximately 624,000 weekly active DEX traders, Polygon had about 410,000, Base had around 209,000, and Ethereum had approximately 78,000. Networks such as World Chain, Sui, Arbitrum, Celo, and Optimism each had fewer than 30,000 weekly active DEX traders.Although it has significantly declined from the peak of over 4.5 million at the beginning of 2025, Solana's current scale of weekly active DEX traders still exceeds 1 million, roughly twice that of BNB Chain. In response, crypto KOL Adam stated: "Putting price factors aside, Solana DEX still has over 1 million active traders every week. If you're still here, know that there are many others persisting alongside you."
MetaMask Launches AI Agent Wallet Supporting Cross-Chain DeFi Operations with Built-in Transaction Security Protection
According to MetaMask’s official blog, MetaMask has officially launched its first self-custodial wallet designed specifically for AI agents—MetaMask Agent Wallet—and will begin its Early Access Program on June 8, 2026. The wallet connects to AI agent frameworks via a command-line interface (CLI) and supports the full suite of DeFi functionalities—including token swaps, perpetual contracts, prediction markets, and liquidity provision—across all EVM-compatible chains (Ethereum, Arbitrum, Base, Avalanche, Optimism, Polygon, BSC, Linea, Sei) as well as Hyperliquid. On security, the wallet offers two operational modes: - Default “Guard Mode” allows users to set daily spending limits and protocol allowlists; transactions exceeding these rules require manual two-factor authentication (2FA) approval before execution. - “Beast Mode” grants advanced users greater autonomy, but malicious transaction detection and mandatory 2FA verification remain enforced. All transactions undergo transaction simulation, Blockaid threat scanning, and MEV protection. Secure transactions are backed by up to $10,000 per month in transaction protection. Users retain full control of their private keys and can export their seed phrase at any time. The full public release is expected this summer.
Mastercard Expands On-Chain Settlement Network, Supporting Stablecoins and 24/7 Fund Settlement
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)