The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the UK’s financial system. The report also states that UK regulation is versatile enough to support the network’s operations. UK Finance Concludes Experimentation Phase of Regulated […] Source CryptoX Portal
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“WormholeOracle” proposed reducing the upper limit on TUSD backing for crvUSD to zero, meaning that TUSD tokens can no longer underpin crvUSD if the proposal is passed. They also recommended reducing the minting capacity of crvUSD with PayPal’s stablecoin, PYUSD, from $15 million to $5 million, aiming for a more balanced reliance on different collateral assets. Source
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience […] Source CryptoX Portal
Curve Finance is evaluating a proposal to reduce its reliance on the stablecoin TUSD following the resolution of U.S. Securities and Exchange Commission (SEC) charges against Trusttoken Inc. and Truecoin LLC, the companies behind the dollar-pegged token. TUSD Faces Removal From Curve Finance Pegkeeper The proposal, authored by Wormhole Oracle, suggests slashing the debt ceiling […] Source CryptoX Portal
Commerzbank, one of Germany’s largest banks, has partnered with Deutsche Börse subsidiary Crypto Finance to offer secure bitcoin and ether services to its corporate clients. The collaboration focuses on seamless trading and custody solutions, ensuring regulated access to digital assets for select clients in Germany. This marks an important step towards broadening institutional crypto services […] Source CryptoX Portal
Nadareski, who is currently an investment director at Deus X Capital, is co-founder and CEO of Solstice Labs. Tim Grant, CEO of Deus X Capital will be co-founder and chairman of the company. Stuart Connolly, chief investment officer at Deus X and CEO of Alpha Lab 40, is to join the firm as chief investment officer and co-founder. Source
“Our offering in digital assets, enables our corporate clients to seize the opportunities presented by bitcoin and ether for for the first time,” said Gernot Kleckner, head of capital markets for corporate clients at Commerzbank. “Our joint solution represents the highest level of security in the trading and custody of crypto assets, which is also a standard we also share with the Deutsche Boerse Group.” Original
“Working in partnership, we have demonstrated how this platform supports developments in money and payments aligned to common public and private sector objectives, while also providing clear and long-term customer and industry benefits,” Peter Left, co-chair of the RLN Project, said in the statement. Source
Decentralized finance lending platform Euler Finance has introduced a new hybrid token called Maxi. Euler Labs, the team behind the decentralized finance lending protocol on Ethereum (ETH), announced the development on Sept. 16. Maxi, as the platform explained in a post on X, is a bespoke lending product designed to offer its users greater capital efficiency. A stablecoin backed with range of assets Maxi is a stablecoin whose key features include a blend of assets and cross-collateralization for both capital efficiency and risk mitigation, Euler Finance posted. In terms of…