Wemade said on Tuesday it signed a memorandum of understanding with NICE Information & Telecommunication to build Web3 payment infrastructure. The agreement aims to research and develop payment infrastructure that combines Web3 with legacy finance. The partners plan joint research, preparations and pilot tests to connect the Web3 sector with offline payment ecosystems. They will share information on stablecoins and blockchain payments and test linking WEMIX and USDC.e to NICE’s payment network.

Bitcoin-based DeFi platform Solv Protocol suffered a hacking attack in which about $2.7 million worth of bitcoin-linked token SolvBTC was stolen, Cointelegraph reported on March 6. The project offered the hacker a 10 percent bounty and asked for the funds to be returned. It said fewer than 10 users were affected and pledged compensation for 38.05 SolvBTC. Security experts said the attack exploited a smart contract reentrancy flaw.