Tether scraps plan to freeze USDT on five blockchains

Tether scraps plan to freeze USDT on five blockchains

Tether has scrapped plans to end USDT on Omni, Bitcoin Cash SLP, Kusama, EOS and Algorand, allowing it to continue in a limited capacity. Stablecoin issuer Tether has abandoned its plan to freeze USDT smart contracts on five chains, saying the tokens will remain transferable but no longer be issued or redeemed. The revised plan…

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Kraken, Backed expand tokenized stocks to Tron ecosystem amid RWA push

Kraken, Backed expand tokenized stocks to Tron ecosystem amid RWA push

According to a Binance Research report, tokenized stocks are nearing a major inflection point reminiscent of the early days of decentralized finance. On Wednesday, cryptocurrency exchange Kraken and tokenization platform Backed Finance announced an expansion of xStocks, a tokenized stock product offering, to the Tron blockchain. The move comes as real-world asset (RWA) tokenization, particularly…

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Ethereum proposes unified fee market to simplify transaction costs

Ethereum proposes unified fee market to simplify transaction costs

The move follows significant gas fee reductions after the Dencun upgrade, and comes amid intensifying competition across blockchains. Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced EIP-7999, a proposal to streamline Ethereum’s transaction fee structure.  Released on Tuesday, the proposal seeks to establish a unified multidimensional fee market, allowing users to specify a…

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