BlackRock joins OUSD revenue-sharing stablecoin project
Open Standard announced that BlackRock, Coinbase, Ripple and Mastercard have joined the Open USD stablecoin project.
Open Standard announced that BlackRock, Coinbase, Ripple and Mastercard have joined the Open USD stablecoin project.
Ripple proposed a lending protocol for the XRP Ledger that would allow institutions to borrow digital assets without selling holdings.
Coinbase Head of Institutional Strategy John D'Agostino said more than 40 countries have committed to acquiring Bitcoin (CRYPTO:BTC) in some form for national balance sheets.
Public Citizen reported that cryptocurrency companies have contributed US$189 million to the 2026 US election cycle, representing about 37% of all corporate political contributions recorded so far.
Cybrid reported that 88% of surveyed businesses are likely to use stablecoins within the next 12 months, while 42% already use them for cross-border payments and only 2% remain committed to traditional payment rails.
Massachusetts Attorney General won approval to file an amended lawsuit against Kalshi, adding allegations that the prediction markets platform targeted users under 21 while offering sports event contracts without a state licence.
The US Securities and Exchange Commission (SEC) has opened a 60-day public consultation on whether existing rules adequately regulate exchange-traded funds using new asset classes and investment strategies.
Open Standard announced the Open USD stablecoin project, backed by more than 140 financial and crypto companies, with businesses able to mint tokens without fees or volume limits while retaining earnings from reserve assets.
MetaMask, developed by Consensys, launched Money Account, which it says allows eligible users to earn up to 4% variable annual percentage yield (APY) on MetaMask USD (CRYPTO:MUSD).
Jeff Christian, Founder and CEO of Executive Search firm Christian & Timbers, discusses Nike's strategic shift following the completion of its CEO transition. He highlights that the company is now in 'proof mode,' emphasizing execution and delivering improved financial results. He speaks with Romaine Bostick & Katie Greifeld on "The Close."
Nina Trentmann, Senior Editor at Bloomberg News, discussed the recent appointment of Dave Denton, formerly Pfizer's CFO, as Nike's new Finance Chief. While some analysts have expressed concerns about Denton's lack of direct retail and apparel industry experience, Trentmann noted that for large companies like Nike and Pfizer, deep industry knowledge may be less critical than experience managing a complex, global business with a significant market capitalization and extensive supply chains. She speaks with Romaine Bostick & Katie Greifeld on "The Close."
Yogesh Gupta, CEO of Progress Software, said that AI is a big driver for his company as it beat earnings estimates and boosts forecasts for the next quarter. Gupta said that his company can aggregate data for AI in a way that reduces the number of tokens necessary to run AI agents and saves customers money.