Tag: Launch

North Dakota, Fiserv launch Roughrider stablecoin

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The Bank of North Dakota is entering the stablecoin market with Roughrider Coin, a US dollar–backed cryptocurrency developed in partnership with payments firm Fiserv. According to a Wednesday announcement, the token will be available to banks and credit unions in North Dakota in 2026 and is designed to support interbank transactions, merchant payments, and cross-border money movement. Fiserv reportedly processed an estimated 35 billion merchant transactions in 2022. Its digital asset platform was introduced in June alongside a “white-label” stablecoin for banks. Roughrider Coin will operate on this system and…

North Dakota plans to launch USD-backed Roughrider Coin in 2026

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Key Takeaways North Dakota will launch Roughrider Coin, a USD-backed stablecoin, in 2026 via the Bank of North Dakota. Roughrider Coin will initially target interbank financial activities to improve efficiency and security. Share this article North Dakota plans to launch the Roughrider Coin, a USD-backed stablecoin, in 2026 through the Bank of North Dakota for initial use in interbank financial activities. The state will become the second US state to issue a stablecoin, following Wyoming’s earlier initiative. The Bank of North Dakota is developing Roughrider Coin to facilitate secure and…

Jupiter teams up with Ethena to launch Solana stablecoin JupUSD

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Key Takeaways Ethena and Jupiter team up to launch JupUSD, a yield-bearing stablecoin, on Solana. Jupiter will progressively convert around $750 million in USDC from its Liquidity Provider Pool into JupUSD after launch in Q4 2025. Share this article Ethena, a protocol known for developing yield-bearing stablecoin mechanisms, has partnered with Jupiter, a Solana-based decentralized exchange aggregator, to launch JupUSD, a native stablecoin on Solana. The collaboration expands decentralized finance options on Solana, which has seen similar yield-bearing stablecoin products launch recently. Solstice Finance recently launched USX, a stablecoin designed…

Canary’s Litecoin, HBAR ETFs Ready to Launch After Shutdown

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Asset manager Canary Capital appears to be on the cusp of having its Litecoin and HBAR exchange-traded funds (ETF) approved after filing key final details, but they’re unlikely to launch while the US government is shut down. Canary filed amendments to its Litecoin (LTC) and Hedera (HBAR) spot ETFs on Tuesday, which each added a fee of 0.95% and the tickers LTCC and HBR. Bloomberg ETF analyst Eric Balchunas said in an X post on Tuesday that the additions are “typically the last thing updated [before] go-time.” He added that…

Virtuals Protocol unveils new launch system for its AI agent platform

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Key Takeaways Unicorn replaces Virtuals’ Genesis model with an open, conviction-based framework for AI agent tokenization. The system introduces market-driven launches, founder capital milestones, and ecosystem airdrops for $VIRTUAL holders. Share this article Virtuals Protocol, a blockchain network on Base for deploying and co-owning AI agents, has launched Unicorn, a conviction-based launch system for tokenizing AI agents and businesses. Unicorn replaces the earlier Genesis model, moving from points and pledges to open market participation. The framework ties founder capital formation to valuation milestones and rewards early supporters through scalable allocations…

Streamex Stock Jumps on Gold-Backed Stablecoin Launch

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Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10. The GLDY token offers exposure to physical gold bullion with yield paid in ounces of gold, targeting institutional investors, the company announced on Monday. The stablecoin is part of Streamex’s broader mission to tokenize real-world commodities through digital instruments. “The launch of GLDY represents a major evolution…

Fasset Approved to Launch Stablecoin-Powered Islamic Digital Bank

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Fasset received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA) to launch what the company said is the first stablecoin-powered “Islamic digital bank.” The license allows Fasset, an all-in-one financial super app, to operate within a regulated sandbox focused on Shariah-compliant financial products, the company said in a Tuesday news release. “We can now combine the credibility of a global banking institution with the innovation of a fintech insurgent that’s fully halal,” Fasset CEO Mohammad Raafi Hossain said. Islamic finance refers to the financial system based on Islamic…

BlackRock makes third-largest Bitcoin purchase since spot Bitcoin ETF launch

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Key Takeaways BlackRock acquired $970 million in Bitcoin, its third-largest purchase since the spot Bitcoin ETF launch. The acquisition increases BlackRock’s Bitcoin holdings via the iShares Bitcoin Trust (IBIT). Share this article BlackRock, the world’s largest asset manager, executed its third-largest Bitcoin purchase since launching its spot Bitcoin ETF. On Monday, its iShares Bitcoin Trust (IBIT) raked in around $970 million in net inflows. BlackRock has positioned its spot Bitcoin ETF as a key vehicle for traditional investors, enabling entry into cryptocurrency markets through familiar financial products. The fund has…

Elon Musk Says Wikipedia Competitor Grokipedia Will Launch in Two Weeks

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Elon Musk announced that his AI company, xAI, will launch the early beta for its Wikipedia competitor in two weeks, describing the service as the answer to “falsehoods” and “half-truths.” Replying to a post about the upcoming AI-powered “Grokipedia,” Musk said via X on Sunday that “version 0.1 early beta” will be rolled out in two weeks. Elon Musk announced the early beta launch date for Grokipedia. Source: Elon Musk Musk initially announced xAI was building Grokipedia on Sept. 30, stating on X that it “will be a massive improvement…

CME Group to launch 24/7 trading for cryptocurrency futures and options

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Key Takeaways CME Group will soon offer 24/7 trading for cryptocurrency futures and options. This change is designed to compete with offshore crypto exchanges operating around the clock. Share this article CME Group, a major US-based derivatives exchange, will introduce 24/7 trading for cryptocurrency futures and options. The move positions CME to compete more directly with offshore cryptocurrency exchanges that operate continuously, potentially shifting market dynamics toward regulated platforms. CME Group has recently introduced futures contracts for additional cryptocurrencies like Solana and XRP, broadening its regulated offerings beyond Bitcoin and…