Axelar Launches Mobius Development Stack (MDS), A Reimagined Web3 Design Space 453

MDS is a New Interoperability Standard Leveraging Enhanced AXL Token Utility to Power Infinite Security and Scalability Across Web3. Top L1s Are Cued to Launch; Augmentable Security via Babylon and EigenLayer; and a Vendor-Agnostic Interface Built With OpenZeppelin

Axelar, a leader in blockchain interoperability, has launched the Mobius Development Stack (MDS) on mainnet, following on-chain governance approval. MDS is the first-and-only holistic interoperability platform. MDS enables customizable, self-service integration with any on-chain or off-chain system, creating a new design space for decentralized applications. The list of upcoming layer 1 interoperability launches includes Solana, Stellar, Sui and XRP Ledger – powered by the newly launched Interchain Amplifier.

MDS is set to redefine how data, value and users connect and interact across a reimagined Web 3.0: One connection, limitless possibilities.

“What we know as ‘Web3’ was supposed to break free from walled gardens,” said Georgios Vlachos, director at Axelar Foundation and co-founder of the Axelar protocol. “Instead, we have a blockchain ecosystem where user experience is broken and developer capabilities are limited. MDS empowers developers to build decentralized applications that compose resources, logic, value and network effects freely across a truly global internet landscape.”

Axelar’s Mobius Development Stack is a platform for an omnichain world, where decentralized applications not only integrate with but also surpass traditional systems in functionality, access and user experience. This new era of internet design prioritizes openness, flexibility, and interoperability, redefining how applications are built and how users interact with them.

“Interoperability stacks have traditionally been in catch-up mode with the rapid growth in the number of blockchains,” said Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar protocol. “MDS is the first architecture that allows us to keep up with the demand. It scales to support thousands of heterogeneous blockchains offering strong security properties, and allowing innovation to continue to happen at all levels of the stack. It allows developers to easily plug in their blockchain to the ‘Internet’ of blockchains and build dApps that span all chains at the same time.”

Key Benefits of the Mobius Development Stack (MDS):

  • Self-service, customizable connections: Newly approved through on-chain governance and launched on mainnet, Interchain Amplifier introduces a novel staking approach that enables permissionless, dynamic, customizable integrations, with diverse consensus approaches like Flow, Hedera, Solana, Stellar, Sui and XRP Ledger cued up to connect.
  • Native tokens anywhere, beyond bridges: With the Interchain Token Service (ITS), anyone can access rapid tokenization of both crypto and real-world assets; tokenize assets like real estate or intellectual property, unlocking liquidity and enabling fractional ownership on any chain.
  • Connecting on/off-chain: Acting as a gateway between Web2 and Web3, MDS allows various off-chain actors (e.g., ZK co-processors, AI co-processors) to interact with Web3 dApps through a single, secure transaction on the Axelar network.
  • Limitless community: Foster omnichain user experiences, allowing developers to engage users on any blockchain. For example, NFTs can extend across multiple chains, while automating royalty payments; solutions deliver rapid RWA tokenization and unified payments and services in the DePIN space

Integrating with Leading Ecosystems to Establish Standards for Interoperability

MDS enables self-service, customizable connection to blockchains powered by any form of consensus – which is why leading L1 blockchain ecosystems are adopting, with formal launches expected in the coming weeks.

“The Sui ecosystem is making significant advances with innovations such as Mysticeti, a new consensus algorithm that offers the fastest end-to-end transactions speeds in the industry, as well as zkLogin and sponsored transactions which make onboarding new users seamless,” said Adeniyi Abiodun, co-founder and Chief Product Officer at Mysten Labs, which developed the Sui Network. “Axelar MDS will give developers the tools to compose these innovations with technology and communities across Web3.”

“Axelar developers are once again pushing the envelope on what a secure, developer-friendly and modular cross-chain tech stack can be,” said Stellar Development Foundation Chief Product Officer Tomer Weller. “We are excited about working with Axelar and look forward to this integration strengthening Stellar’s position in the rapidly evolving DeFi space.”

With Mobius, global financial services firms and blockchain innovators can connect private-chain environments to public layer 1s, unlocking the potential of tokenized assets.

“Bringing Web3 to traditional finance was meant to break down the siloed, opaque systems of the past in favor of open, transparent blockchain rails. However, without seamless interoperability, we only get part of the way there,” said Jasmine Cooper, head of product at RippleX. “Different blockchains serve specific purposes and niches, and to fully unlock the potential of real-world asset tokenization and financial use cases, cross-chain asset mobility and protocol access are crucial. By integrating the XRP Ledger with Axelar MDS, we are moving another step closer to unlocking value for both users and developers, enabling them to leverage new opportunities for interoperability and build and operate on a truly globally, decentralized network.”

Flexible Security to Meet Institutional Requirements

With MDS, Axelar will become the first institutional-grade interoperability network to integrate Babylon and EigenLayer (subject to online governance), bringing Bitcoin- and Ethereum-level security to cross-chain interactions.

“Today, we build and work in a multichain world – but one blockchain, Bitcoin, still sets the standard for security,” said David Tse, co-founder of Babylon Blockchain. “Through this integration, Axelar MDS will make Bitcoin security available to any application across Web3. It sets a new standard for secure interoperability across all chains.”

This is key for institutional participants who require the highest-quality digital collateral to secure trillions in total value locked (TVL). For the second year in a row, Axelar is supporting top-10 global investment banks with their projects at the Monetary Authority of Singapore’s Project Guardian initiative.

“Integration with Axelar Mobius Development Stack opens a universe of restaking opportunities in new use cases that were inaccessible to Eigen previously” said Luke Hajdukiewicz, EigenLayer Head of AVS BD. “Axelar and EigenLayer are reaching toward the same vision: a horizontally scalable Web3 in which developers compose freely across user networks and resources.”

Vendor-Agnostic, Open Interface

OpenZeppelin is the leader in Web3 developer tools, with smart-contract libraries that have secured over $7 trillion in value transferred. The previously announced integration into these libraries now adds an evolutionary step for interoperability: an open interface compatible with all major interoperability protocols.

“We’ve already made great progress with Interop Labs toward integrating Axelar into OpenZeppelin’s leading smart-contract libraries,” said Luca Cosivi, ecosystem development lead at OpenZeppelin. “That collaboration just took on a new dimension: a completely open set of semantics that is vendor-agnostic, so dApp developers can truly build interoperability from Day One.”

As Axelar is integrated into OpenZeppelin libraries, these open interoperability standards will be available to developers at the start of their dApp-building journey, so dApps can go multichain on Day One, without vendor lock-in.

A New Security Approach and Improved AXL Tokenomics

With the Mobius release, Interchain Amplifier launches to mainnet, following its approval by on-chain governance. This long-anticipated feature enables permissionless cross-chain connections with a novel consensus approach that exists at the smart-contract layer. This is supported by a new security approach, powered by the AXL token:

  • New chains and off-chain resources connect securely via designated groups of verifiers, and set aside pools of AXL incentives.
  • Verifiers post collateral in AXL, restaked ETH and/or restaked BTC.
  • A mechanism has been proposed to send AXL transaction fees to a burn address, instead of distributing them to tokenholders.

Protocol-level development is not needed, accelerating and expanding accessibility; any consensus mechanism or off-chain system can connect in this way.

Users can learn more about Axelar MDS: axelar.network/mobius.

About Axelar

Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups, building applications to reach all blockchain users at once – 10X as many active users as the leading Web3 application environment. Axelar supports smart contracts on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: axelar.network.

About Axelar Foundation

Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability network that connects multiple blockchain ecosystems. Users can learn more at axelar.foundation.

About Babylon

Babylon is a project that designs Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralised world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn yield without the need for third-party custody, bridge solutions, or wrapping services. Babylon’s approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin’s utility.

About EigenLayer

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through EigenLayer’s system of interconnected smart contracts, any ERC-20 token can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. EigenLayer’s core objective is to unlock a new era of open innovation by reducing developer complexity when building and bootstrapping decentralized networks from scratch.

About Interop Labs

Interop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar network. Learn more at interoplabs.io.

About Mysten Labs

Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Users can learn more: https://mystenlabs.com

About OpenZeppelin

Founded in 2015, OpenZeppelin is dedicated to creating and protecting the open economy through secure and reliable blockchain infrastructure. Our widely-used OpenZeppelin Contracts Library has secured over $7 trillion in total value transferred, and our Defender Cloud Services streamline and safeguard decentralized applications. We empower developers with industry-leading tools and initiatives, fostering a secure blockchain ecosystem. Trusted by top projects globally, OpenZeppelin is your partner in building a safe and interoperable decentralized future. Users can learn more at: www.openzeppelin.com

About Stellar

Stellar is more than a blockchain. Powered by a decentralized, fast, scalable, and uniquely sustainable network made for financial products and services and a thriving and passionate ecosystem that includes a non-profit organization driven by a mission, Stellar is paving the path to unlock the world’s economic potential through blockchain technology. Built with speed and low costs in mind, the Stellar network provides builders and financial institutions worldwide a platform to issue assets, and to send and convert currencies in real time creating real world utility. Founded in 2014, the Stellar Development Foundation (SDF) supports the continued development and growth of the Stellar network and also serves the ecosystem of NGOs, corporations, universities, small businesses, governments, and solo entrepreneurs building on the Stellar network through tooling, funding and strategic collaborations. Together, Stellar is where blockchain meets the real world.

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, users can visit https://sui.io.

About XRP Ledger

The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It’s more than just a blockchain – it’s a global developer community dedicated to transforming future business solutions.

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Meridian 2024 marks ten years of stellar ecosystem growth 1515

Meridian 2024, Stellar Development Foundation’s annual conference, wrapped up three days of sessions highlighting the growth in the Stellar network’s ecosystem and featured exciting announcements from a number of partner organizations. Meridian 2024 brought together developers, founders, entrepreneurs, policymakers, and leaders who are making real-world change with blockchain technology.

“Our community of builders is the true strength of the Stellar network. Meridian is our chance to get together and celebrate the growth of the Stellar ecosystem and all the ways Stellar is making everyday financial services available to people across the globe,” said Stellar Development Fund CEO Denelle Dixon. “This year’s Meridian demonstrated that Stellar is where blockchain meets the real world and that the next decade of Stellar is going to be even more transformative.”

Over the past decade, the Stellar ecosystem built a network with seamless cross-border payments, powerful asset tokenization tools, unrivaled cash-to-crypto gateways, a first-of-its-kind blockchain solution for aid disbursement, and a smart contracts platform purpose-built for developers who want to build with speed and scalability.

Some of the highlights from Meridian 2024 include:

  • Tala unveiled a non-custodial crypto wallet. Built on the Stellar blockchain, the wallet enables Tala customers to have autonomy over their digital currencies.
  • Stripe announced crypto payouts on Stellar.
  • MoneyGram International announced its new wallet built on Stellar.
  • Dune announced that Stellar is now fully integrated into Dune. This integration gives Dune users access to powerful analytics tools for exploring the rich ecosystem of Stellar data, helping developers, analysts, and blockchain enthusiasts unlock new insights.
  • Actor, Filmmaker & UN Goodwill Ambassador Idris Elba debuted the Akuna Wallet, a crypto wallet targeted towards African creators in partnership with Chipper Cash and the government of Ghana.
  • The Stellar Development Foundation announced a new partnership with Mastercard to integrate the company’s Crypto Credential solution with the Stellar network. Mastercard Crypto Credential, which helps verify interactions among consumers and businesses using blockchain networks, will be embedded in the Stellar ecosystem as the exclusive credentialing solution to enable a range of secure, compliant use cases for crypto wallet providers including Coins.ph, Mercado Bitcoin, and Wirex.
  • Etherfuse CEO David Taylor announced that Etherfuse will join the Stellar network in 2025.
  • Paxos announced it will integrate with the Stellar network, bringing its USDL stablecoin to a wider audience. This represents another expansion of Paxos’ regulated tokenization platform to a trusted and growing blockchain.
  • Blockaid announced its security technology is coming to the Stellar ecosystem.

About Meridian

Meridian is a 3-day annual conference that brings together developers, founders and entrepreneurs, leaders from traditional and decentralized finance, policymakers, and more to share, learn, build, and engage on the theme of Transformation.

UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT 1765

UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.

“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.

DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.

About DigiFT

DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg

Understanding Homnifi: Your gateway to Web3 1692

In the rapidly evolving digital landscape, the need for accessible and user-friendly platforms has never been greater. Homnifi emerges as a vital player in this arena, dedicated to making the world of Web3 available to everyone. The mission of Homnifi is clear: to simplify access to decentralized applications (dApps) and blockchain technology, ensuring that users—from beginners to seasoned tech enthusiasts—can navigate this new digital frontier with ease and confidence.

By bridging the gap between traditional internet experiences and the emerging decentralized ecosystem, Homnifi empowers individuals to explore the endless possibilities of Web3. Its user-centric approach fosters an inclusive environment, where anyone can participate in the digital revolution without the steep learning curve often associated with blockchain technologies.

What sets Homnifi apart?

Homnifi stands out in the crowded blockchain space due to its commitment to accessibility and simplicity. Many existing platforms can overwhelm new users with complex interfaces and jargon. Homnifi addresses this challenge by offering a streamlined experience that demystifies blockchain technology. Users can engage with dApps seamlessly, ensuring that their entry into the Web3 world is both enjoyable and enriching.

Moreover, Homnifi actively works on educational initiatives to empower users with knowledge. By providing tutorials, webinars, and resources, Homnifi cultivates a community that is informed and equipped to leverage the benefits of decentralized technologies. This commitment to education further solidifies Homnifi’s role as a gateway to Web3, making it a go-to platform for those eager to learn and grow.

Overview of Web3 and its significance

Web3 represents the next phase of the internet, characterized by decentralization, user ownership, and enhanced security. Unlike its predecessor, Web2, which relies heavily on centralized platforms and intermediaries, Web3 aims to put control back into the hands of users. This shift is significant as it enables individuals to own their data, participate in decentralized networks, and engage with a variety of applications that operate on blockchain technology.

The transformative power of Web3

The importance of Web3 lies in its potential to reshape various industries by promoting transparency, reducing the power of intermediaries, and fostering trust among users. As the world becomes increasingly digital, the transition to Web3 will facilitate innovative solutions in areas such as finance, supply chain management, healthcare, and social interaction.

For instance, in finance, Web3 can enable peer-to-peer transactions without the need for banks, lowering costs and increasing transaction speeds. In supply chain management, blockchain technology can provide verifiable tracking of products, ensuring authenticity and reducing fraud. These applications highlight how Web3 can enhance efficiency and integrity across sectors.

Homnifi’s role in the Web3 revolution

By providing a seamless gateway to this new era, Homnifi plays a crucial role in helping users harness the benefits of Web3. Its platform not only connects users with decentralized applications but also encourages the exploration of innovative solutions that can enhance everyday life.

Furthermore, Homnifi facilitates community engagement, allowing users to share experiences, insights, and feedback. This collaborative approach enriches the platform, making it a living ecosystem where users can learn from one another and grow together.

Conclusion

In conclusion, Homnifi stands as a beacon for those eager to explore the world of decentralized applications and blockchain technology. By making Web3 accessible and engaging, it simplifies the journey for newcomers and empowers experienced users to delve deeper into the opportunities this revolutionary space has to offer. With Homnifi, the future of the internet is not just a concept; it’s an accessible reality.

As we move forward in this digital age, platforms like Homnifi will be essential in shaping the landscape of Web3, ensuring that everyone has the tools and knowledge to participate in this exciting new world.

About Homnifi

Homnifi is a pioneering platform dedicated to making Web3 accessible for everyone. With a mission to simplify the journey into decentralized applications (dApps) and blockchain technology, Homnifi empowers users—from novices to seasoned tech enthusiasts—to explore the transformative potential of the digital landscape with ease and confidence. By offering a user-friendly interface and educational resources, Homnifi demystifies complex blockchain concepts, ensuring that individuals can engage with the decentralized world without barriers.

As a gateway to Web3, Homnifi fosters community engagement and collaboration, allowing users to connect, learn, and grow together. The platform promotes transparency, user ownership, and enhanced security, positioning itself as a vital player in the ongoing digital revolution. With a commitment to innovation and inclusivity, Homnifi is shaping the future of the internet, making it a place where everyone can thrive in the evolving digital ecosystem.

For more information, visit Homnifi’s website at https://homnifi.com/

Paxos Introduces Global Dollar (USDG) 1431

Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) – a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to distribute USDG to individuals and institutions.

USDG is a new, safe and trusted stablecoin that will accelerate the global adoption of stablecoins. It is designed to support the needs of regulated institutions that maintain higher standards of operation. USDG is available today on Ethereum and will be issued on more blockchains in the near term. Paxos is required to hold only high-quality liquid assets to back USDG – US dollar deposits, short duration US Government securities and other such cash equivalents. This ensures USDG maintains 1:1 parity with the US dollar and consumers can redeem their tokens for fiat at all times.

Ronak Daya, Head of Product at Paxos, said: “Enterprise interest in stablecoins has never been higher than it is today, but the market lacks a solution that combines regulatory compliance with real economic incentives for enterprises. Keeping with the Paxos tradition of powering infrastructure for the world’s most important and innovative enterprises, we are thrilled to launch the Global Dollar (USDG). USDG offers a trusted solution with a top-tier banking partner in DBS that will be the catalyst to drive stablecoin innovation and enterprise adoption at a global scale.”

Paxos has a strong track record of building blockchain solutions that financial industry leaders can trust. USDG represents the sixth digital asset to be successfully issued by Paxos, the first from Paxos Digital Singapore. Its digital assets include PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG), which are issued by Paxos Trust Company, LLC, a limited purpose trust company overseen by the New York Department of Financial Services. Paxos International, a UAE-based affiliate of Paxos regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), issues the yield-bearing stablecoin Lift Dollar (USDL). Each of these assets provides users with a quality, 1:1 asset parity overseen by the highest levels of regulatory oversight. The company is the trusted partner for enterprises around the world to tokenize, custody, trade and settle assets.

DBS Bank, Southeast Asia’s largest bank by assets and recognized as the Safest Bank in Asia for 16 consecutive years by Global Finance, will serve as Paxos’ primary banking partner for cash management and custody of USDG reserves. Dollars backing USDG will be held in reserve and managed by Paxos Digital Singapore via DBS.

The smart contract of USDG can be viewed via Etherscan and GitHub. Businesses interested in learning more about Global Dollar can contact the team at www.globaldollar.com.

About Paxos

Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. Paxos is licensed to engage in virtual currency business activity by the NYDFS and is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing regulated stablecoin Lift Dollar (USDL). Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.

FDUSD Expands to the Solana Blockchain to Further Strengthen and Bolster Access 1374

First Digital Group (“First Digital” or the “Group”), a leader in digital asset custody and trust services in Asia and parent company of FD121 Limited (also known as First Digital Labs), announces that First Digital USD (“FDUSD”) will be natively deployed to the Solana blockchain, further strengthening and bolstering access to the stablecoin.

The announcement was made at Binance Blockchain Week 2024, marking a significant milestone in First Digital’s commitment to delivering fast, secure, and cost-effective stablecoin transactions for global users. By integrating with Solana’s high-performance blockchain, FDUSD will leverage Solana’s ultra-fast transaction speeds, low fees and high scalability to meet growing demand for accessible, cross-chain stablecoin solutions by end of 2024.

As a fast-growing challenger in the stablecoin arena, FDUSD continues to provide diverse options to users and partners. By adding Solana to its growing list of supported blockchain networks, FDUSD will empower both retail and institutional users to take advantage of Solana’s scalability, unlocking new possibilities for cross-border payments, decentralised finance (DeFi), and everyday transactions.

With Solana’s impressive processing speed—capable of handling up to 65,000 transactions per second—users can experience near-instant transaction confirmations. This integration aims to support applications in areas such as DeFi and payments, driving greater utility and adoption of FDUSD across both emerging and established markets.

Vincent Chok, CEO and Founder of First Digital commented: “Expanding FDUSD onto Solana represents a significant step in our mission to enhance its accessibility, availability and utility across multiple blockchain ecosystems. Solana’s robust and scalable infrastructure will allow us to deliver even greater value to our users, supporting a wider range of financial use cases and enabling faster, more efficient transactions.”

Lily Liu, President of Solana Foundation, added: “As Solana continues to lead the way to redefining blockchain scalability and performance, we are excited to welcome FDUSD into our ecosystem. The integration of FDUSD on Solana will enable new possibilities for real-world, on-chain financial innovations.”

FDUSD is a 1:1 USD-backed stablecoin issued by First Digital Labs, the brand name of FD121 Limited. The FDUSD stablecoin is backed on a 1:1 basis by one U.S. dollar or assets of equivalent fair value, held in accounts of regulated financial institutions globally. Independent reserve audits are published monthly. FDUSD is currently available on Ethereum, BNB Chain and Sui.

About First Digital Group

First Digital Group (“First Digital”) is the parent company of First Digital Trust Limited, Asia’s leading qualified custodian and registered trust company, and FD121 Limited (also known as First Digital Labs), issuer of First Digital USD (FDUSD).

First Digital Group safeguards, advances and innovates to help clients navigate digital assets as well as benefit from trusted next-generation financial services.

First Digital was established in 2017 under the umbrella of the Legacy Trust Company, an established custodian and trust established in 1992 and registered under the Trustee Ordinance in Hong Kong. Its mission is to help clients benefit from a digital-first future by combining digital asset innovation with its strong foundation in trust, custody and asset management services. The Group’s custody and trust arm, First Digital Trust Limited, was established in 2019 and became a fully independent public trust corporation headquartered in Hong Kong with a presence across Asia.

First Digital Trust Limited has been recognised as one of HSBC’s ‘Emerging Giants in Asia Pacific’ Report 2022, while its innovation subsidiary, FD121 Limited (a.k.a. First Digital Labs), is the issuer of the FDUSD stablecoin.

Website: www.1stdigital.com

About First Digital Labs

First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specialising in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin.

To learn more about First Digital Labs, visit https://firstdigitallabs.com/

DLive: Revolutionizing Live Streaming with Community Focus and Blockchain Integration 1118

DLive, a popular live streaming platform, has experienced significant growth and transformation. The platform has established a reputation for its commitment to both community safety and freedom of speech, setting it apart from other streaming services.

One of the most notable improvements has been in the area of content moderation. DLive has implemented robust policies that effectively balance the need for a safe and inclusive platform with the principles of free expression. This has helped to address concerns raised in the past about the platform’s potential to serve as a haven for extremist ideologies.

DLive’s slogan, “Your Stream, Your Rules!” reflects the platform’s dedication to empowering creators. While freedom of expression is a cornerstone of DLive, it is tempered by a responsibility to maintain high-quality standards and ensure a safe environment for all users. These efforts have attracted a diverse audience to DLive, making it a popular destination for streamers and viewers alike.

To foster a thriving community of creators, DLive has implemented a multi-tiered partnership program offering exclusive features and collaboration opportunities. By meeting specific criteria, such as having a certain number of followers, subscribers, and active streaming hours, streamers can qualify for these partnerships.

The APENFT Streamer Incentive Program is one such partnership program. Launched on May 10th, 2024, with token sponsored by the APENFT Foundation, this program rewards DLive’s Affiliate and Partner streamers for creating high-quality content. Streamers earn points by maintaining a consistent streaming schedule, engaging with their audience, growing their fan base, and participating in various activities. These points determine their share of the total prize pool, which is distributed in reward tokens at the end of the season. Any attempts to manipulate the system result in disqualification, and reward tokens are only distributed to those who provide their HTX UID.

DLive has also demonstrated a strong commitment to fostering partnerships and collaborations within the gaming and entertainment industry. The BIGTIME weekend event, where DLive partnered with BIGTIME, an AAA MMORPG web3 game, to recruit over 50 streamers, showcased the platform’s diverse range of content and introduced new users to both platforms. By offering exclusive rewards, DLive and BIGTIME incentivized viewers to tune in and engage with the content.

DLive’s integration with blockchain technology has been a pivotal factor in its recent growth and success. The platform leverages the TRON and BitTorrent blockchain for its donation systems, providing a secure and transparent way for users to support their favorite streamers. This integration has also enabled DLive to offer unique features and benefits to both streamers and viewers, such as the ability to earn and spend cryptocurrencies within the platform ecosystem.

By harnessing the power of blockchain and prioritizing community safety, freedom of speech, and creator empowerment, DLive has positioned itself as a leading live streaming platform. Its commitment to fostering a thriving community and providing a diverse range of content has attracted a growing user base and solidified its reputation as a platform that values both creators and viewers.