UK regulators published an update to a national retail payments blueprint, calling for infrastructure support for tokenization and interoperability with new forms of digital money. UK regulators are calling for tokenization and “new forms of digital money” to be part of the core infrastructure of the country's future retail payment ecosystem. In a Thursday update to the government's roadmap for modernizing retail payment systems, HM Treasury on behalf of the Payments Vision Delivery Committee said that including tokenization and digital money would advance its efforts to create a “diverse multi-money ecosystem.” “Programmable payments, including those that rely on tokenization,” were named as potential “product-level arrangements” that may support payment innovation in the country, the agency update said. Read more
Aave launched its V3 lending protocol on Monad with 12 supported assets as the network commits $15 million in first-year incentives to build liquidity and adoption. Decentralized finance (DeFi) platform Aave has deployed its V3 lending protocol on Monad, expanding the layer-1 blockchain’s lending ecosystem with support for 12 assets at launch. On Thursday, Aave announced that the initial market supports USDT0, USDC, Aave’s GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC and sUSDe. It is also Aave's first deployment with Chainlink Smart Value Recapture enabled from day one, allowing part of the value generated from liquidations to be redirected back to the protocol. The deployment expands Aave’s multichain lending network while giving Monad users and developers access to an established borrowing market, Aave’s GHO stablecoin and liquidity incentives intended to support early adoption. Read more
Standard Chartered and Circle launch bank-led USDC minting and redemption for institutions, starting in Dubai’s DIFC with planned global expansion. Standard Chartered and USDC issuer Circle have developed a system that lets institutional clients mint and redeem the USDC stablecoin through a bank-led onboarding process. Standard Chartered said Thursday it is the first Global Systemically Important Bank (G-SIB) to offer such services for USDC, bringing stablecoin access into the same risk, compliance and governance frameworks used in traditional banking. Clients will be able to mint and redeem the US dollar-backed stablecoin directly through StanChart's platform instead of opening separate accounts with Circle. “By embedding USDC access directly within Standard Chartered’s institutional offering, Standard Chartered will bring together banking, custody, and digital asset services within one integrated offering,” the announcement said. The initial rollout will be through the Dubai International Financial Centre (...
The Solana Foundation launched a framework for protocol-level governance, enabling validators with at least 100,000 delegated SOL to publish new proposals. The Solana Foundation, the Swiss organization that supports the Solana network’s development, launched a new framework for protocol-level governance that enables proposing and voting on governance decisions for the Solana blockchain. The Solana Governance Proposals (SGPs) establish a standard that enables validators to submit core protocol proposals and vote onchain, with voting power based on their delegated Solana (SOL) stake, the Foundation announced in a Thursday X post. “An SGP captures a stake-weighted directional decision. It records what the community wants. It is not strictly focused on the technical detail of how to build the feature,” according to the GitHub repository, launched on Thursday. Read more