Search results for RedStone
Crypto
Stablecoins post 18 months of net outflows abroad, totaling 10.4 billion dollars
Stablecoins have recorded net outflows from South Korea for 18 straight months, with cumulative net outflows totaling $10.4 billion, or about 14 trillion won, an analysis showed. The report attributed the flow to the absence of a won-based stablecoin, saying local investors use dollar stablecoins as a substitute for trading and fund transfers in global digital asset markets. It said liquidity would be sufficient if a won stablecoin is introduced, but institutionalisation remains unresolved.
Crypto
Ocero raises $13.5 million led by Sky for stablecoin yield infrastructure
Stablecoin yield infrastructure project Ocero has raised $13.5 million. The funding round was co-led by the Sky ecosystem and Plasma, with participation from USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup, and angel investors from Kairos Research. Ocero, backed by Stablewatch and Sorter Labs, offers products aimed at letting platforms attach Sky Savings Rate yields to services and enabling access across multiple chains.
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.
