Sixteen years after the launch of bitcoin, StableCoins have emerged as one of the most compelling applications of blockchain technology. Banks are reportedly “Nervous” on stabecoins Encroachment on their territory, while Fortune 500 companies are beginning to understand their transformative ability.
Shifting from Blockchain to AI, the meta platform is quietly assembled by a “superintendent” unit, headed by Alexandra Wang, founder of Scale AI. The move follows the reports that Mark Zuckerberg’s company acquired a scale in an all-kash deal of about $ 15 billion.
In this week’s Crypto Biz, we detect the developed landscape of Stabelines and the latest high-day moves in Crypto and AI regions.
Fortune 500 companies are focusing on stablecoins: Coinbase
Interest in Stabecrims among Fortune 500 companies has increased rapidly in the last one year, exposing the growing real world utility of technology, A new survey by coinbase,
The Crypto Exchange voted 100 officers of Fortune 500 companies and found that about 29% are either using or searching the use of Stabecrims from only 8% in 2024. It represents more than three times an increase in a year.
Officials cited fast financial transactions and low payment fees as primary drivers of interest. About 7% of the respondents said that their companies are already using stablecoins.
Not every company is hugging stabechoin. As Coincidence reportThe US banking lobby is particularly concerned about yield-bearing stabecoin that is disrupting their business.
Zuckerberg Scrambles to keep Meta behind in AI race
The struggle of Meta platforms in AI inspired CEO Mark Zuckerberg to take a bold step Getting 49% stake in Scale AIAccording to information and Bloomberg report, a data-labeling company that supports several AI applications.
The $ 14.8 billion deal also brings AI CEO Alexandra Wang to Meta. Wang Meta’s “Superintendent” is ready to join the team, a group of about 50 people focused on advancing artificial general intelligence.
As Bloomberg reported, Zuckerberg has been disappointed with the slow progress of the meta in AI despite an almost dual capital expenditure plan this year, most of which have been kept for AI Infrastructure Development.
Nasdaq Fintech Crypto Native Protocol Mixi gets
Nasdaq-list fintech firm Natkapital The web 3 gaming platform grinder for an unknown amount is acquired, potentially a publicly trading company has acquired a crypto-country protocol.
The deal was executed through a Natcapital portfolio company Zelgor, and is expected to increase the token infrastructure of Natkapital.
Netcapital operates a completely digital capital markets platform that demands private companies to raise capital with investors. A spokesman for the company said the acquisition “enhances the coordination between the mixie’s token capabilities and the browser-based security offer of Natcapital.”
Netcapital is a nano-cap stock in which the total market capitalization is less than $ 10 million.
To expand the offer of digital debt
After less than a year after starting offering your commercial paper on Ethereum, American investment giant Gugenheim Extending the product through a new partnership with Ripple.
Through this collaboration, Gugneheim will offer its Treasury-Sam-Incoming Products on Treasury Services-Gugnheim’s a subsidiary-XRP laser. Completely supported by American Treasury, the product may eventually be available to purchase using RLUSD, Ripple’s US dollar-peg stabechoin.
As part of the agreement, Ripple has invested $ 10 million in property.
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