“A thief does not own what he steals.” So said Aave founder Stani Kulechov in a statement following an emergency court filing seeking to unfreeze $73 million retrieved by Arbitrum DAO in the wake of a $293 million exploit. The Kelp DAO hack on April 18 left decentralized finance lending platform Aave stuck with $230 million in bad debt after…
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Canada Gets Its Own Stablecoin
CADD is issued in Canadian Dollars, a First
Canada just got its first regulated stablecoin denominated in Canadian dollars. Digital technology and financial services firm Tetra Trust Company has launched the CADD stablecoin with regulatory approval from the Alberta Treasury Board and Finance. It says CADD is the first CAD-pegged stablecoin issued by a regulated financial services firm. All funds backing CADD are held in trust in Canada…
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Anchorage Digital, M0 Partner to Issue Stablecoins
Goal is to serve a ‘growing universe of stablecoin builders’
Crypto bank Anchorage Digital has announced a partnership with stablecoin minting protocol M0 in order to expand its stablecoin issuance offerings. The first federally chartered crypto bank, Anchorage Digital, is seeking to become the primary source serving what it calls the “growing universe of stablecoin builders” as they look to mint and manage regulated stablecoins. The offering comes at a…
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MoonPay Launches Mastercard for AI Agents
MoonAgents Card will draw on an onchain wallet
Crypto payments firm MoonPay has launched a new virtual debit Mastercard designed for AI agents as well as human users. Using stablecoins and offering merchants payment in fiat, the MoonAgents Card is accepted at any online merchant across 210 countries that accepts Mastercard. The card is issued through Monavate, a regulated global payments platform and principal member of the Mastercard…
