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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

U.S. asset manager seeks to register $75 million fund bundling XRP and ISO 20022 assets for retail investors

U.S. asset manager Gratus Reserve V has begun the process of registering a $75 million fund to offer retail investors an institutional-style digital asset strategy that includes XRP. It filed preliminary offering documents with the U.S. Securities and Exchange Commission to register a decentralised corporate treasury portfolio. The firm highlighted lower XRP trading costs via institutional OTC desks and plans to include ISO 20022-aligned assets as well as bitcoin, ether and solana.