Tradeweb processed a real-time on-chain transaction in tokenised U.S. Treasuries on the Canton Network, the article said. Franklin Templeton transferred tokenised U.S. Treasuries to Virtu Financial, with payment settled using tokenised cash based on USDCx, a USDC-linked stablecoin issued on Canton, according to a recent Cointelegraph report. Tradeweb handled execution and price discovery, while Canton synchronised asset and cash settlement. The deal size was not disclosed.

Cardano’s stablecoin market grew 14.67% in a week to $60.39 million, helped by large USDCx inflows and new issuance, data cited by The Crypto Basic showed. An unidentified user moved more than $10 million of USDCx to Cardano. USDCx now accounts for $35.85 million, or 59.38%, of Cardano stablecoins. TVL rose to about $82 million before slipping to around $75 million as ADA fell.