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Crypto

Tech Insight: Why stablecoins still are not used like money despite being super infrastructure

Zach Abrams, founder and CEO of stablecoin issuer Open Standard, said stablecoins can be as stable as cash, profitable and transferable online, but are not being used effectively for transactions. He cited hurdles in card settlement, institutional trading, corporate treasury management and fintech infrastructure. Abrams said Open Standard is focused on solving these issues with OpenUSD by sharing reserve income, charging small per-transaction fees and imposing no withdrawal fee.

Crypto

Payward partners with SoFi to add SoFiUSD on Kraken

Payward, the parent company of cryptocurrency exchange Kraken, is partnering with U.S. fintech firm SoFi to strengthen stablecoin and round-the-clock dollar payments infrastructure. Payward plans to list SoFi’s dollar-pegged stablecoin SoFiUSD on Kraken and join the SoFi Exchange Network for real-time payments. The tie-up will allow Kraken’s institutional and corporate clients to settle U.S. dollar transactions 24/7 and may expand into qualified digital asset custody services.

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.