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Crypto
Blockchain oracle RedStone to support open-source Tempo mainnet
Decentralised oracle provider RedStone will support Tempo, a global payments blockchain jointly developed by Stripe and Paradigm, The Block reported on March 18. With the launch of the Tempo mainnet, RedStone will provide continuous foreign exchange data to the new blockchain, helping applications price and settle transactions in local currencies. RedStone will also provide real-time data feeds for Tempo’s native payments token, pathUSD, and its native foreign exchange DEX.
Crypto
Chainlink acquires Atlas transaction-ordering solution to accelerate MEV expansion
Chainlink has acquired the intellectual property of Atlas, a transaction-ordering tool, to accelerate expansion of maximal extractable value (MEV) in the decentralised finance ecosystem, The Block reported on Jan. 22. The terms of the acquisition were not disclosed, but Chainlink recruited key Atlas personnel, the report said. Atlas will be integrated into Chainlink’s data technology project SVR and will end its relationship with Chainlink rival RedStone.
Crypto
Fidelity\'s Ethereum-based tokenised MMF tops 250 million dollars
Fidelity\'s tokenised money market fund on the Ethereum blockchain has exceeded 250 million dollars in net assets. RWAxyz data shows the fund reached 266.2 million dollars on November 28, rising about 15 percent in a month. The fund, called the Fidelity Digital Interest Token, tokenises an existing U.S. Treasury MMF. The broader on-chain real-world asset market has grown to more than 36 billion dollars, with Ethereum maintaining the largest share. A RedStone report sees the market reaching 60 billion dollars next year.