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Goldman and Citi Lead $270M Bank Alliance to Launch a Stablecoin
Goldman and Citi Lead $270M Bank Alliance to Launch a Stablecoin

Goldman Sachs, Citi, and other financial firms reportedly committed $270 million to Project Faro, a venture planning dollar and euro stablecoins.

NYSE Picks Avalanche to Power 24/7 Tokenized Stock Trading
NYSE Picks Avalanche to Power 24/7 Tokenized Stock Trading

The NYSE plans to use a custom Avalanche blockchain to settle tokenized stock trades as it seeks approval for a venue that would operate around the clock.

Treasury Cuts Off MEXC Over $16B in Sanctioned Transactions
Treasury Cuts Off MEXC Over $16B in Sanctioned Transactions

The U.S. Treasury says it cut MEXC off from the U.S. financial system over $16 billion in alleged transactions tied to Iran, North Korea, and Russia.

Binance Replaces CFO Days After $6B Hack
Binance Replaces CFO Days After $6B Hack

Binance CFO Kaiser Ng is stepping down, with former Airwallex finance executive Justin Yek named as his successor as the exchange recovers from a $6 billion hack.

Coinbase Becomes First Major Exchange With a US Trust Bank Charter
Coinbase Becomes First Major Exchange With a US Trust Bank Charter

Coinbase, the largest US crypto exchange, has gained a national trust bank charter to custody assets under federal oversight.

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