[Kredete Completes $22 Million Series A Funding, Plans Global Expansion] African fintech company Kredete announced the completion of a $22 million Series A funding round, led by AfricInvest through its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), with participation from Partech and Polymorphic Capital. This round brings Kredete's total funding to $24.75 million. Kredete focuses on helping African immigrants improve their credit history through stablecoin payments and credit-building services, and plans to expand into the Canadian, UK, and European markets. The company intends to launch Africa's first stablecoin credit card, rental credit reporting, credit savings plans, and other features, while developing a bank and wallet aggregation API covering 41 countries to support businesses in achieving secure, low-cost cross-border payments. Currently, Kredete has over 700,000 monthly active users, with total remittance amounts reaching $500 million, and users' U.S. credit scores improving by an average of 58 points.
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More >Instant surge "IP trading volume surged 7 times
Bitget IP/USDT perpetual trading volume surged 7 times within 10 minutes, with a turnover of 12.88 million US dollars in the past 24 hours, an increase of 4.10% 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
美联储9月议息会议或降息25基点，市场关注三大看点
[Federal Reserve May Cut Rates by 25 Basis Points at September Meeting, Market Focuses on Three Key Points] As the Federal Reserve's September meeting approaches, the market widely expects a 25-basis-point rate cut. Three major points are drawing attention: adjustments in officials' attitudes toward a weakening labor market, growing internal divisions within the Fed, and whether newly appointed Governor Milan will bring partisan tendencies. Some officials support a more significant rate cut, but inflation concerns persist. The market anticipates the Fed will continue to cut rates by 25 basis points in October and December, though next year's policy path remains uncertain. Analysts predict there may be three rate cuts this year, rather than the previously expected two.
USDC Treasury在Solana链上新增铸造2.5亿枚 USDC
[USDC Treasury Mints 250 Million USDC on Solana Blockchain] According to Whale Alert data, at 23:48 Beijing time, USDC Treasury completed a new minting operation of 250 million USDC on the Solana blockchain, valued at approximately $250 million. This move may be related to increased market demand or liquidity management, further solidifying USDC's important position within the Solana ecosystem.
MoneyGram新版应用支持USDC稳定币结算
[MoneyGram's New App Supports USDC Stablecoin Settlement] Payment giant MoneyGram has announced that its new app will support the USDC stablecoin, which is pegged to the US dollar, and enable settlement functionality through the Stellar blockchain and Crossmint wallet.
美SEC与CFTC推迟私募基金新规执行
[U.S. SEC and CFTC Delay Implementation of New Private Fund Rules] The U.S. SEC and CFTC have announced a delay in the implementation of the new rules for the private fund reporting form (Form PF), citing reasons such as aligning with the review of unenforced regulations and addressing market concerns over the complexity of the rules. The regulatory agencies stated that premature implementation could increase costs, thus the decision to postpone.