Sky Pitches Genius-Compliant USDH Stablecoin With $8B Balance Sheet and 4.85% Yield
--
Formerly MakerDAO, Sky joins Paxos, Frax, Agora and Native Markets in the fight for Hyperliquid’s stablecoin contract.
Loading...
Formerly MakerDAO, Sky joins Paxos, Frax, Agora and Native Markets in the fight for Hyperliquid’s stablecoin contract.
[Binance to List USDE, Supporting Spot, Convert, and Margin Trading] Binance announced that it will list USDE on September 9, 2025, at 20:00 (Hong Kong Time), supporting cross and isolated margin trading for the USDE/USDT and USDE/USDC trading pairs. USDE will also be added to the 'Buy Crypto' page and Binance Convert feature, allowing users to perform spot trading and zero-fee conversions.
[US CFTC Explores Recognizing Overseas Crypto Exchanges Compliant with Cross-Border Regulatory Requirements] On September 9, Caroline D. Pham, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), stated in a recent speech that the CFTC is studying whether it can recognize overseas cryptocurrency exchanges that adhere to strict crypto asset rules under U.S. cross-border regulatory requirements. This includes platforms that comply with the European Union's Markets in Crypto-Assets (MiCA) framework. Previously, the CFTC reiterated its long-standing regulatory framework for Foreign Boards of Trade (FBOTs), allowing certain non-U.S. crypto exchanges regulated by foreign authorities to directly offer services to U.S. traders by registering as FBOTs (rather than as Designated Contract Markets, or DCMs). This initiative could further promote the compliant development of cross-border crypto trading.
**[Former Standard Chartered Executive: Stablecoins Need to Offer Yields to Enhance Competitiveness]** Odaily Planet Daily reports that Will Beeson, founder of the RWA liquidity platform Multiliquid and Uniform Labs, as well as former head of tokenized assets at Standard Chartered Bank, stated that in the increasingly competitive stablecoin market, providing yields to users will become a key factor. He pointed out that the "GENIUS Act" prohibits issuers from directly paying interest or yields to holders but does not restrict third parties, such as exchanges, from offering interest or rewards. For example, Coinbase currently pays interest on USDC balances held on its platform. Beeson noted that this "loophole" has become a focal point of contention between Wall Street and the crypto industry. Banking lobby groups are concerned that high-yield stablecoins could siphon off up to $6.6 trillion in bank deposits and are pushing Congress to further tighten related provisions. (Decrypt)
Bitget TIA/USDT's perpetual trading volume surged 8 times within 10 minutes, with a turnover of 15.04 million US dollars in the past 24 hours, an increase of 8.64% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally
[Japanese Publicly Listed Company Convano Raising $139.2 Million Through Bond Issuance to Increase Bitcoin Holdings] According to BitcoinTreasuries.NET, Japanese publicly listed company Convano (stock code: 6574.T) is raising $139.2 million through the issuance of its fifth series of unsecured bonds to increase its Bitcoin holdings.