Tether, the company behind the USDT stablecoin, recently announced its gold-backed synthetic dollar pegged to the US dollar. This comes shortly after Assymetry released its synthetic dollar, afUSD, with elastic supply based on market conditions. 📉

New tokens that mimic the US dollar have emerged following the launch of Ethena's synthetic dollar, USDe. The protocol, launched in February 2024, has amassed more than $3.4 billion in total locked assets in four months.

BlackRock recently launched the USD Institutional Digital Liquidity Fund (BUIDL) with over $462.7 million in assets, and OnChain U.S. Government Money Fund (FOBXX) Franklin Templeton manages $357.6 million in assets.

Hashdex has filed an application with the US Securities and Exchange Commission (SEC) to launch an ETF on Bitcoin and Ether. Coinbase and BitGo will serve as custodians of the BTC and ETH assets.

Coinbase International announced support for a pre-market allowing users to trade futures on tokens and coins that have not yet been listed on an exchange.

The SEC rejected Ripple's argument to reduce the fine. The SEC is seeking nearly $2 billion from Ripple.

Digital platform Uphold has announced that it will delist six stablecoins by July 1 due to the upcoming introduction of MiCA regulation by the European Union.