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Crypto
Cardano joins RWA tokenisation race, ranks fifth in growth among major chains
Cardano ranked fifth among major blockchains for 30-day growth in tokenised real-world assets (RWA), with value rising 23.1 percent to $55.3 million, The Crypto Basic reported. The ranking, compiled by the RWA Foundation using Token Terminal data, compared monthly RWA value growth across ecosystems. Cardano is smaller in absolute size than top chains but outpaced some large networks in growth. Its ecosystem is also expanding RWA infrastructure and partnerships.
Crypto
Coinbase to handle Hyperliquid USDC reserves, acquires USDH brand assets
Cryptocurrency exchange Coinbase will become the official deployer of reserves for the stablecoin USDC on the Hyperliquid network and has acquired the USDH brand assets from Native Market. The deal will reorganise Hyperliquid’s stablecoin liquidity around a single USDC token, making USDC the platform’s only aligned quote asset. USDH will be phased down, with holders able to swap to USDC or redeem for fiat during a transition period.
AI & Enterprise
The Better Money Company raises $10 million to build stablecoin clearinghouse
The Better Money Company has raised $10 million in funding led by a16z crypto, The Block reported on March 31. The company aims to build a clearinghouse to connect the stablecoin ecosystem. It compares today’s stablecoin market to the fragmented U.S. dollar system in the 19th century, arguing that a clearinghouse is needed to integrate many-to-many markets and enable scaling. It says current structures are costly and lack automation.
