Everything web3, crypto, defi, degen
In brief Plasma One will allow users to load the card with stablecoins and pay from their balance with a physical or virtual card. The new neobank is set to roll out after Plasma’s stablecoin-optimized layer-1 blockchain hits “mainnet beta” on September 25. Its card promises to offer 4% cashback on spending, over 10% yield…
In brief Kaia and LINE NEXT have announced Project Unify, a stablecoin-powered app inside LINE Messenger, which has nearly 200 million users in Asia. The app will launch in beta later this year, offering payments, remittances, yield services, and access to more than 100 decentralized applications. Plans include support for regional stablecoins from the yen…
In brief Arc is a blockchain built by USDC issuer Circle for stablecoin-focused applications. It uses USDC for gas, features a built-in FX engine, and enables opt-in privacy. Public testnet is expected later this year, with a mainnet beta planned for 2026. Circle, the company behind the USDC stablecoin, has launched a new blockchain platform…
In brief Coinbase unveiled a lending product this week offering “competitive yields.” DeFi lender Morpho is currently subsidizing those rates. A Coinbase employee acknowledged that it’s a marketing tactic. A lending product unveiled by Coinbase that offers up to 10.8% returns on USDC deposits is receiving a temporary boost from DeFi lender Morpho.On X, Coinbase…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors retreat after post-FOMC rally; BTC -1% at $116,300 Joe Lubin confirms MetaMask token coming “very soon” Plasma sets mainnet debut…
We’re excited to announce the next major step in the growth of xStocks — the industry’s gold standard for tokenized equities. In partnership with Backed, Kraken is collaborating with Trust Wallet to integrate xStocks directly into one of the most widely used self-custody crypto wallets, bringing interoperable tokenized equities to over 200 million users across…
In brief Bank of Canada Deputy Governor Ron Morrow called for federal stablecoin regulation while highlighting Canada’s lagging payments modernization compared to the U.S. and UK. Canadian remittance costs are “significantly higher” than other developed nations, creating opportunities for stablecoin adoption to reduce cross-border payment fees. Stablecoins could cut remittance fees to “less than 1…
In brief LayerZero extended PYUSD’s presence to nine additional blockchains. PYUSD0 tokens represent a bridged version of PayPal’s stablecoin. The stablecoin had a market capitalization of $1.3 billion on Thursday. PayPal’s PYUSD stablecoin expanded to nine new blockchains on Thursday after LayerZero, an interoperability protocol, unveiled additional support for the token in a blog post.The…
In brief A new paper argues that BTC-settled prediction markets could beat stablecoin-powered platforms by preserving Bitcoin exposure. It explores three liquidity bootstrapping methods and their risk profiles, favoring cross-market making. However, the author warns that volatility, hedging costs, and user risk perception remain major hurdles to adoption. Imagine placing a bet on whether a…
BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATHCrypto majors mostly rally post-FOMC; BTC at $117,300. SOL jumps 5% as Forward Industries announces $4B ATM. BNB crosses $1,000 for first time; CZ bull-posts ASTER (+400%). Hype hits new ATH at $59; Project X announces its Phase 2. TokenWorks & PNKSTR announce perpetual machine…
