Coindesk

Eric Trump, son of U.S. President Donald Trump, said that World Liberty Financial's dollar denominated stablecoin (USD1) has been officially selected as the official stablecoin to close MGX’s $2 billion investment in Binance.Speaking at the Token2049 event in Dubai, Trump also announced that USD1 will be integrating with the Tron ecosystem, which is backed by billionaire Justin Sun.Earlier this year, Abu Dhabi-based investment firm MGX put $2 billion to buy a stake in Binance, marking one of the first institutional investment in the world's largest exchange.The Trump-family backed World Liberty Financial, announced its plans for launching a dollar-backed stablecoin with BitGo in March. “USD1 will become one of the most transparent and regulated stablecoin in the world. It is backed...

Crypto payments startup Mesh is planning to roll out Apple Pay support for crypto transactions, allowing shoppers to pay with digital assets while settling transactions in stablecoins for merchants.The feature, unveiled during Token2049 in Dubai, converts crypto to stablecoins at checkout using Mesh’s proprietary SmartFunding technology. The system sidesteps the need for merchants to handle crypto directly, offering what Mesh calls a “plug-and-play” payment option through Apple Pay’s interface.This way, brick-and-mortar retailers and webshops can accept crypto payments without the need for building out the necessary infrastructure. Mesh plans to launch the feature later in the second quarter of the year.“We believe that as soon as crypto payments are as seamless as fiat payments, nothing is left to stop the...

Sam Altman’s controversial blockchain project, World, is launching in the U.S. – and said it intends to roll out 7,500 eye-scanning “orbs” in cities across the country by the end of the year.World’s orbs — chrome, bowling ball-shaped devices that scan a person’s eyeballs to confirm their identity — will initially be available to Americans in six “key innovation hubs,” the company said: Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. Those who decide to take the plunge and gaze into the orb will gain access to the World app and receive an airdrop of World’s WLD token. By the end of the year, the project aims to have enough orbs spread throughout the U.S. to give 180 million Americans,...

Tether, the issuer behind the nearly $150 billion USDT stablecoin, has finalized the purchase of a 70% stake in the Latin American agricultural firm Adecoagro (AGRO), which has a market cap of nearly a billion dollars. Tether initially invested $100 million in Adecoagro in September 2024 for a 9.8% stake, then offered to increase it to 51% in February, and finally raised it to control 70% in March. Read more: Tether's $100M Investment in LatAm Agriculture Firm May Be a Tokenization PlayThis majority stake gives Tether control over one of the region’s most prominent food and bioenergy producers. Adecoagro owns sugar mills, rice farms, dairy operations, and renewable energy assets across Brazil, Argentina, and Uruguay.Tether said it aims to help...

There was a bit of volatility in crypto on Wednesday, but most of the market continued the weeks' trend of trading in a very tight range.Shortly after the close of the U.S. stock market, bitcoin (BTC) was changing hands at $94,700, down just 0.4% over the past 24 hours. BTC was lower by nearly 2% at one point alongside a sizable early decline in stocks.Hit harder during the early decline, altcoins also rebounded, but underperformed bitcoin The CoinDesk 20 slumped 2% in the last 24 hours, with litecoin (LTC), ripple (XRP), avalanche (AVAX) and chainlink (LINK) all dropping roughly 4%.Crypto equities were modestly lower, but bitcoin miner Hut 8 (HUT) was a notable underperformer, falling 5.7%.The major U.S. stock averages...