Kraken Opens 1:1 USDC Bridge To Canton With USDCx
Kraken now supports USDCx on Canton Network, a stablecoin backed 1:1 by USDC in Circle’s xReserve. The catch: it is institutional, not a retail DeFi play.
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$1.3B HTX Reserves Moved To Undisclosed Custodian
HTX moved $1.3 billion of bitcoin, ether, USDC and USDT reserves to undisclosed third-party custodians. What it means for self-custody and DeFi.
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$25B Threshold: New York Rule Bans Stablecoin Yield
New York’s NYDFS proposed a stablecoin rule banning issuer interest and rehypothecation. What the $25B threshold means for your USDC and Aave yield.
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180-Day RWA Redemptions Go Instant On Symbiotic Liquid Lane
Symbiotic’s Liquid Lane swaps tokenized funds and private credit for instant USDC, cutting redemptions of up to 180 days as the RWA market tops $33B.
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Coinbase Backs ProShares GENIUS ETF For Stablecoin Reserves
Coinbase took a stake in the ProShares GENIUS ETF (IQMM), the fund holding short-term Treasuries that back stablecoins like USDC. Here is the DeFi angle.
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$1.74T Franklin Templeton Adds BENJI To MoonPay Stablecoin Swaps
Franklin Templeton, a $1.74T manager, wired BENJI to MoonPay Trade for USDC and USDT swaps. The catch: institutions only, no $1,000 wallet yet.
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$1T Raydium Lists RAY On Robinhood, Revolut Apps
Raydium’s RAY token landed on Robinhood and Revolut this week, the first DeFi-native asset on both apps. The Solana DEX has now processed $1T in cumulative volume.
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$305M Coinbase USDC Yield At Risk As OCC Closes GENIUS Loophole
Coinbase reported $305M Q1 2026 stablecoin revenue from a 3.5% USDC reward the GENIUS Act did not catch. The OCC’s rebuttable presumption rule now targets it.
