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Crypto

Former BIS head who targeted stablecoins signals shift, says they should coexist with fiat money

Agustin Carstens, former general manager of the Bank for International Settlements, has eased his stance on stablecoins and publicly mentioned the possibility of their coexistence with fiat money. Speaking at the Point Zero Forum, he said stablecoins could contribute to financial innovation, inclusion and lower costs, and called for conditions enabling coexistence. Analysts say the BIS stance has not changed, as it continues to warn of trust and stability risks.

Crypto

Grayscale says Aave undervalued, targets $175 if regulations clarified

Asset manager Grayscale said Aave’s AAVE token is undervalued and could more than double within a year if rules on real-world-asset tokenisation become favourable. In a report applying a discounted cash flow model to crypto projects, it estimated Aave’s 2026 revenue at about $60 million and put fair value at $80 to $100, versus about $77 at the time. Grayscale cited potential institutional inflows and growing tokenisation markets as key drivers.

Crypto

Eldorado raises $9 million in Series A led by Paradigm to target Latin America cross-border payments

Venture capital firm Paradigm led a $9 million Series A funding round for Eldorado, a Latin America cross-border payments app, The Block reported on June 16. Coinbase Ventures and Verda Ventures also participated, the report said. Paradigm investment and research partner Ricardo de Arruda said cross-border payments in Latin America are an underappreciated opportunity, with more than $100 billion moving across borders annually despite slow and costly infrastructure.