Crypto firms are capitalizing on the demand for U.S. dollar-denominated digital assets, with Tether announcing a synthetic dollar backed by gold. This follows Assymetry's launch of its synthetic dollar, afUSD, and Ethena's USDe, which has amassed over $3.4 billion in locked assets. BlackRock's USD Institutional Digital Liquidity Fund and Franklin Templeton's OnChain U.S. Government Money Fund have also seen growth, with $1.5 billion in U.S. Treasurys now tokenized. Meanwhile, Hashdex has filed with the SEC to launch a combined Bitcoin and Ether ETF, and Coinbase International is supporting a pre-launch market for future tokens. In regulatory news, the SEC has rejected Ripple's request for a lower penalty in their ongoing legal battle, and Uphold is delisting six stablecoins due to new EU regulations.