sdx

Платежная компания PayPal совместно с инфраструктурным проектом стабильной монеты M0 и криптоплатформой MoonPay запустила PYUSDx, который позволяет компаниям создавать продукты на основе стабильной монеты всего за несколько дней. Платформа уже обработала объем транзакций более 100 миллионов долларов, Saturn, Concrete и Cap использовали соответствующие технологии для запуска продуктов.Соучредитель и CEO M0 Лука Проспери заявил, что PYUSDx передаст уровень продуктов разработчикам, и разные компании смогут разрабатывать различные продукты на основе одной и той же технологии. USD.AI и Fairblock также были названы среди связанных проектов. Старший вице-президент и генеральный менеджер криптобизнеса PayPal Мэй Забанех отметила, что рынок стабильных монет быстро созревает. Общая рыночная капитализация стабильных монет составляет около 305,25 миллиарда долларов, USDT занимает 60,07%; рыночная капитализация PYUSD составляет около 2,814 миллиарда долларов, что ставит его на восьмое место. Компании могут выпускать брендированные цифровые доллары, поддерживаемые PYUSD, и устанавливать соответствующие правила, при необходимости обменивая их обратно на PYUSD.

Согласно сообщению CoinDesk, PayPal объявила о расширении своего бизнеса со стабильными монетами на платформу выпуска пользовательских токенов PYUSDx. Эта платформа основана на PayPal USD (PYUSD) и разработана с помощью экспертов по токенам, привязанным к фиатным валютам, M0 и криптоплатежной компании MoonPay, предоставляя инфраструктуру для выпуска пользовательских стабильных монет, поддерживаемых PYUSD, для любого бизнеса. PYUSDx была впервые анонсирована в феврале этого года и теперь официально запущена.Первоначальные партнеры, которые присоединились к платформе, включают криптооригинальные компании Saturn, Concrete и Cap, которые принесли на платформу более 100 миллионов долларов обработанного объема транзакций. Токены PYUSDx выпускает MoonPay Digital Assets Ltd., платформа сочетает в себе универсальные стабильные монеты M0 и технологии цифровых токенов, а также инфраструктуру выпуска и распределения MoonPay. Кроме того, USD.AI и Fairblock также запустят стабильные монеты на PYUSDx.Генеральный директор M0 Лука Проспери заявил, что с увеличением числа финансовых учреждений в отрасли возникает проблема фрагментации, и большинство финансовых учреждений не понимают, как взаимодействовать с разработчиками, поэтому M0 способствует интеграции различных новых проектов на среднем уровне, абстрагируя сложность и риски.

MoonPay has launched the PYUSDx framework, allowing developers to issue branded, application-specific stablecoins backed by PayPal USD (PYUSD).This solution combines the stablecoin infrastructure protocol of M0 with MoonPay's issuance and distribution capabilities, separating reserve management from token issuance, thereby accelerating the stablecoin launch process. Under this architecture, PYUSD, issued by Paxos Trust, serves as the underlying reserve asset, while branded stablecoins are issued by MoonPay Digital Assets. The latter has recently obtained a trust license in New York, enabling it to act as a stablecoin issuer. Developers can launch customized stablecoins without the need to build their own underlying technology and operational systems.At the time of the product launch, the market is also concerned about its compliance with the regulatory framework of the U.S. GENIUS Act and the applicability of related tokens in different jurisdictions in the future.

According to CoinTelegraph, M0, MoonPay, and PayPal will launch PYUSDx, a product designed to help developers issue custom stablecoins backed by PayPal USD.PYUSDx combines M0's universal stablecoin and digital token platform with the infrastructure of the MoonPay group, simplifying the issuance of dollar-backed stablecoins by reducing technical and operational burdens.

The DeFi community YAM posted on X, stating that dangerous signals have been observed regarding the Yala stablecoin YU. An address closely related to Yala is fully borrowing USDC and most of the YU funds from the Yala Frontier market on Euler, despite interest rates remaining high, with no repayment actions taken.Currently, the market's capital utilization rate has reached 100%, meaning lenders cannot withdraw any liquidity. The Euler team has also set the borrowing limit for the Yala market on Frontier to zero. It is reported that the Yala team has not responded to either the Euler team or Discord community users. YAM added that YU is still maintaining its peg on Solana, with nearly one million USDC available in its liquidity pool for price anchoring exit. This article serves more as a risk warning, and it is still uncertain whether Yala is truly in trouble.

Stables Labs posted on the X platform that due to market liquidity conditions and liquidation dynamics, the market price of USDX has deviated from its reference value.The team has initiated a recovery arrangement aimed at providing affected holders with a recovery path referenced to a value of 1 USD, based on resource availability. This arrangement is voluntary and does not constitute a guarantee or redemption obligation.The balances of affected holders will be identified through an on-chain snapshot, and a claims registration window has been opened. The recovery will be carried out in phases, depending on resource allocation, liquidity conditions, and cooperation arrangements, with progress to be publicly disclosed.

According to Lookonchain monitoring, a certain whale (0x88b7...3330) exchanged 621,000 USDT for USDX two weeks ago and deposited it into usdxmoney, which is currently worth only $163,000, resulting in a loss of $458,000, with a loss rate of 74%. This whale attempted to redeem after Stream Finance disclosed a $93 million loss on November 4, but the funds have yet to be withdrawn.

According to market data, the USDX plummeted significantly to $0.314 early this morning and has currently rebounded to $0.74, still maintaining its decoupled status.

ChainCatcher news, according to Cryptopolitan, the Swiss stock exchange operator SIX Group AG announced that it will integrate the operations of its digital asset division, SIX Digital Exchange (SDX), into the group's main exchange and post-trade services division.This move marks the end of SDX's independent brand identity. In the future, SDX's trading operations will be handled by SIX's main exchange, while settlement and custody services will be transferred to SIX Securities Services. SIX Group stated that by integrating digital asset capabilities, it aims to create a unified and robust platform to simplify processes for banks and asset management companies in adopting blockchain technology for trading, custody, and token issuance, thereby accelerating the growth of digital asset businesses and the tokenization transformation of the financial system. SIX will also continue to collaborate with partners such as the Swiss National Bank (SNB) to advance important projects like wholesale central bank digital currencies (CBDC).

ChainCatcher news, according to CoinDesk, global banking giant Citi has partnered with the digital asset division of Switzerland's major securities trading platform, SIX Digital Exchange (SDX), to tokenize privately held shares, aiming to simplify the $750 billion market that currently relies on PDF files and paper documents.Citi will act as the custodian and issuance agent, providing tokenized versions of late-stage, privately held company equity on SDX's regulated blockchain platform—the Central Securities Depository (CSD) platform.

ChainCatcher news, the stablecoin issuance protocol usdx.money announced the integration of Axelar's Interchain Token Service (ITS). USDX and its yield-bearing token sUSDX have been natively deployed on three chains: Arbitrum, BNB Chain, and Ethereum. USDX is a delta-neutral stablecoin pegged to 1 US dollar, while sUSDX is a yield-bearing token generated by staking USDX in a smart contract to earn base trading yields from CEX.Axelar's Interchain Token Service (ITS) allows tokens like USDX and sUSDX to exist on more blockchains. With an existing TVL of 600 million USD, USDX is expected to achieve further growth across multiple chains using Axelar's technology.

ChainCatcher news, the stablecoin issuance protocol usdx.money has completed a $45 million financing round, bringing the project's valuation to $275 million. Investors include NGC, BAI Capital, Generative Ventures, UOB Venture Management, among others, with some investors contributing through warrants. Existing supporters of the project include Dragonfly Capital and Jeneration Capital.usdx.money aims to build the next generation of stablecoin infrastructure, with USDX as its first stablecoin product. After the financing is completed, usdx.money will further accelerate its ecological layout and promote the application of stablecoins USDX and sUSDX in various fields.

ChainCatcher news, the city of Lugano in Switzerland issued 120 million Swiss francs (139 million USD) in digital bonds, marking the third bond issued by the city. The city currently issues bonds exclusively through the SIX Digital Exchange (SDX).Like past issuances, this bond is listed on both SDX and the main SIX exchange, and can be held in the SDX digital central securities depository (CSD) and SIS traditional depository."Lugano has optimized its debt management strategy, achieving more cost-effective financing than expected, which will help support Lugano's financial strength in the medium to long term," the city stated in a press release.The city is the first non-financial institution to use SDX, having issued its first digital bond of 100 million Swiss francs in 2023. This is the first digital bond included by the Swiss National Bank (SNB) as part of the SNB General Collateral Basket.

ChainCatcher news, the total TVL of the distributed synthetic stablecoin project USDX (usdx.money) has exceeded 180 million USD.It is reported that USDX is a new type of synthetic stablecoin that hedges the dollar value by exposing various collateral held by the protocol and captures funding rate returns.The project has completed its pre-launch goals. Currently, the project has been deployed on Ethereum, Arbitrum, and BNB Chain, and has opened the DApp and leaderboard access to the public.

ChainCatcher news, according to CoinDesk, Hong Kong cryptocurrency custody company Hex Trust has issued the stablecoin USDX on the Layer 1 blockchain Flare.USDX becomes the first native stablecoin on Flare. It will be used in lending protocols and trading platforms, and it also features a dedicated T-Pool staking mechanism created by the decentralized credit market Clearpool. The stablecoin is pegged to the US dollar or equivalent assets at a 1:1 ratio, and USDX stakers will receive yields from RWA and cUSDX as rewards.Additionally, the Web3 asset data platform RootData shows that Hex Trust is a certified and insured provider of bank-grade digital asset custody. Through its proprietary platform Hex Safe, Hex Trust offers custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, enterprises, and private clients. Hex Trust has offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.

ChainCatcher message, the full LSD super liquidity protocol LSDx Finance responded to the community's red flag concerns with clarification, announcing the address of the liquidity pool, and stated that changes will be made to increase transparency and optimize management, including the destruction of minting and admin rights in the Proxy, and adopting multi-signature management for future treasury addresses.At the same time, LSDx Finance stated that the total supply of LSDx is 1 billion, and the team has only provided liquidity from the beginning and has not engaged in any token selling behavior. (Source link)

ChainCatcher news, the fully LSD liquidity protocol LSDx Finance announced that it has received a $2 million strategic investment from Foresight Ventures. This investment will allocate 40 million LSD tokens to Foresight Ventures. To ensure transparency, LSDx has designed a unlocking mechanism for Foresight Ventures' strategic investment, where 25% of the tokens will be unlocked immediately, and the remaining 75% will be unlocked linearly over a period of 9 months starting 3 months later. (source link)

ChainCatcher news, UBS Group will list the first blockchain-based digital bond, a three-year bond valued at approximately $370 million, with a coupon rate of 2.33%. UBS stated that this bond is the first from a banking institution to be listed, traded, and settled on a digital exchange, and it has the same structure, legal status, and rating as conventional bonds. The bond will be issued on the blockchain platform of SIX Digital Exchange and traded on SDX and SIX Swiss Exchange. (source link)