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Project Updates
Currently, Tether has become the 19th largest holder of US assets globally, surpassing Germany, with the goal of surpassing South Korea. The company is the 7th largest buyer of US Treasury bonds in the world in 2024.
The Solana core development team proposed the "Alpenglow" consensus protocol upgrade plan, aiming to reduce the block confirmation time from 13 seconds to 0.1 seconds, enhancing network speed by 100 times.
Ripple announced a partnership with UAE's Zand Bank and Mamo to integrate its blockchain-based cross-border payment solution. Zand Bank plans to launch a stablecoin pegged to the AED to enhance local digital payment capabilities.
CME Group launched XRP futures on Sunday, marking the fourth cryptocurrency product, with a nominal trading volume exceeding $19 million on the first day.