ChainCatcher news, according to an informed source, a Chinese brokerage has begun offering tokenized securities that accrue interest in currencies such as USD, HKD, and offshore RMB. The source stated that the Hong Kong subsidiary of GF Securities Co., Ltd. has launched a tokenized security called "GF Token," which accrues interest daily and is redeemable daily. The USD token is based on the Secured Overnight Financing Rate (SOFR), while the interest rates for the HKD and RMB products are not yet clear.The source mentioned that this token is only available to institutional and professional investors, allowing short-term idle funds to earn interest and facilitating conversions between other tokenized assets. The token is issued on-chain and will be traded on the licensed cryptocurrency exchange Hashkey in Hong Kong.Currently, GF Securities (Hong Kong) has not responded immediately to this. (Bloomberg)

ChainCatcher news, according to CoinDesk, the Bitcoin DeFi protocol BeL2 developer Elastos has announced the launch of the BTC-backed stablecoin BTCD.Elastos marketing director Ahmed IJ stated that BTCD is backed by Bitcoin, with a collateral amount equivalent to 160%-200% of the value of BTCD. When the price of BTCD is above $1, holders will burn tokens to redeem BTC, leading to a decrease in supply and a downward price trend; if it falls below $1, users will deposit new BTC to mint BTCD and sell, causing an increase in supply and a price rebound.

ChainCatcher news, the crypto payment company Alchemy Pay announced a partnership with the RWA tokenization platform Backed, planning to launch the xStocks product on its Alchemy Pay RWA investment platform, covering 55 tokenized assets of US stocks and ETFs, including Apple, Tesla, Google, and SPY, and introducing the world's first fiat-to-RWA investment channel.In the future, users will be able to directly purchase these tokenized assets with fiat currency, without the need to hold cryptocurrency or go through intermediary brokers, lowering the threshold for global users to access traditional financial assets. Alchemy Pay stated that it will continue to expand more on-chain RWA assets and partners in the future.

ChainCatcher message, Michael Saylor posted that the Bitcoin-backed preferred stock $STRD issued by Strategy Company is trading on Nasdaq starting today. This is the third such product launched, aimed at providing a fixed-income investment tool backed by Bitcoin.

ChainCatcher news, according to Bitcoin.com, a joint study by Chainplay and Strorible shows that among the 1,181 crypto projects that received venture capital from January 1, 2023, to December 31, 2024, nearly 45% have ceased operations, and 77% have monthly revenues of less than $1,000. Among venture capital firms, Polychain Capital has the highest failure rate, with 44% of its invested projects terminated and 76% of projects generating no effective revenue; Yzi Labs (formerly Binance Labs) has a failure rate of 72% for supported projects; top venture capital firms like Circle, Delphi Ventures, Consensys, and Andreessen Horowitz also have a significant number of supported projects that have ceased operations, with many failing at rates exceeding two-thirds.Among angel investors, former Coinbase CTO Balaji Srinivasan has the highest proportion of "zombie projects" at 57%; Arthur Hayes has 34%, Santiago Santos has 15%, and projects supported by Sandeep Nailwal and Stani Kulechov each have a 10% cessation rate. The data shows that the scale of fundraising is significantly related to the success rate. Projects that raised over $50 million have a noticeably lower failure rate, while among projects that raised less than $5 million, 33% have failed, and 20% have ceased operations.

ChainCatcher news, according to Cointelegraph, the stablecoin project USDKG supported by the Kyrgyzstan government announced the advancement of its fiatization process, which adopts a dual-anchor mechanism of gold reserves and the US dollar. William Campbell, the head of advisors, revealed to Cointelegraph that although this stablecoin is backed by physical gold, it chooses to anchor the exchange rate to the US dollar (1:1), aiming to meet the needs of daily payments and international trade. The gold reserves will be audited every six months by one of the Big Four accounting firms and publicly disclosed on-chain.The Kyrgyzstan government is actively laying out its Web3 strategy through legislative reforms and tax reductions, with 140 crypto enterprises already registered. As a key component of the national digital economy development, USDKG is supported by government-provided gold reserves, but its operational management is independently executed by private entities. The project team stated that in the future, it will integrate DeFi lending and yield farming functions to compete with traditional stablecoins like USDT through differentiated trust endorsements.USDKG plans to officially launch in the next quarter, allowing users to verify gold reserves through on-chain audit reports. Kyrgyzstan is gradually building a Central Asian digital asset hub by lowering tax rates for crypto enterprises and establishing a clear regulatory framework.

ChainCatcher message, Starknet announces the launch of a rune stablecoin backed 1:1 by USDC reserves, with each USDC being minted as a rune asset on Bitcoin. Users can redeem USDC in a trustless manner at the contract level through Starknet's Runes Bridge.

ChainCatcher news, Kraken announced a strategic partnership with tokenized stock issuer Backed and the Solana Foundation to jointly launch xStocks, aimed at providing global investors with tokenized investment opportunities in U.S. stocks and ETFs.xStocks will initially deploy digital forms of U.S. listed stocks and ETFs based on SPL on the Solana blockchain, with the first batch of tokenized assets available to selected qualified customers in non-U.S. markets through the Kraken application.Kraken's Global Consumer Head Mark Greenberg stated, "We are reimagining stock investing by providing an open, instant, and borderless investment experience through blockchain technology."

ChainCatcher message, WLFI official stated that USD1 is now live on Binance. This stablecoin is fully backed by U.S. Treasury bonds.

ChainCatcher message, Berachain co-founder responded to the previous concerns about "HONEY being unable to redeem for USDC for a long time" by stating that the collateral for HONEY is 100%. Currently, the collateral is mainly BYUSD (bridged Paypal USD). If users want to exchange, they can choose to bridge to Ethereum and swap in the Curve pool, or directly send to Coinbase, OKX, Bybit, Crypto.com, or Kraken for cashing out.In the future, the team will strive to simplify this process on Berachain, but before that, "we will focus on proactive communication. If anyone needs assistance, please feel free to contact me or our team via private message."

ChainCatcher news reports that the Northern Mariana Islands legislature overwhelmingly overturned the governor's veto on May 16, officially approving the issuance of the government-backed stablecoin "Mariana Dollar" (MUSD). The bill stipulates that MUSD will be fully backed 1:1 by U.S. dollars and government bonds held by the government, and will be issued on the eCash blockchain.Marianas Rai Corporation, a technology company from Tinian, has been designated as the exclusive technology partner. The local government stated that this is not only a financial innovation but also part of an economic revitalization strategy, with accompanying measures in the bill including the issuance of internet casino licenses.Meanwhile, Wyoming has also passed a similar bill to prepare for the issuance of the "Wyoming Stable Token." Analysts point out that if MUSD can be launched before July, it will become the first stablecoin issued by a local government in the United States, and its market performance will provide important references for subsequent policies.Experts believe that the competition between these two regions may influence the legislative process for digital currencies in the United States, but technical implementation and compliance operations still face challenges. The federal government's attitude towards such local stablecoin projects will become a focal point of future attention.

ChainCatcher news, according to Cointelegraph, the Pareto private credit market platform has launched a new synthetic dollar, USP, aimed at connecting institutional investors with decentralized finance (DeFi) opportunities. This synthetic dollar is fully backed by real-world private credit assets, and users can mint it by depositing stablecoins like USDC or USDT at a 1:1 ratio.Pareto co-founder Matteo Pandolfi explained that the deposited funds will be placed in Pareto's credit vault and lent to vetted institutional borrowers, generating returns for participants. To maintain the peg to the dollar, Pareto employs a "native backing" process and arbitrage mechanisms, and has established a protocol-funded stability reserve as a buffer in case of borrower defaults.

According to ChainCatcher news reported by CoinDesk, Kyrgyzstan is planning to officially launch a stablecoin named Gold Dollar, with the token code USDKG, in the third quarter (Q3) of 2025.Project advisor Gabriel Guerra introduced that USDKG will be a stablecoin pegged to the US dollar at a 1:1 fixed rate, with its value supported by physical gold reserves held by the Kyrgyzstan Ministry of Finance. In the initial phase, gold worth $500 million will be used as reserves, with plans to expand this reserve to $2 billion in the future, ensuring transparency through independent audits. To address the risk of gold price fluctuations, USDKG will adopt an over-collateralization design. Its main goal is to facilitate cross-border payments and international trade, especially in the context where remittances account for up to 30% of the country's GDP. The initial market focus of USDKG will be Central Asia, with future plans to expand to Southeast Asia and the Middle East. It is worth noting that USDKG aims to anchor the value of the US dollar rather than track the price of gold (unlike PAXG, etc.), and holders will be able to redeem it for physical gold, other crypto assets, or withdraw it as fiat currency in the future.

ChainCatcher news, according to official sources, Tether has announced that its gold tokenization product Tether Gold (XAUT) is now compliant in El Salvador and has released the first official audit report of XAUT that meets the new regulatory framework.The report states that each XAUT token is backed by 1:1 physical gold, which is securely stored in a dedicated vault within a world-class facility in Switzerland, with the circulating XAUT tokens backed by over 7.7 tons of physical gold.

ChainCatcher news, according to CoinDesk, U.S. Senator Lummis stated that if the government purchases Bitcoin using gold certificates valued at their 1974 prices, it could halve the national debt within 20 years. She emphasized that this move would not require the use of additional taxpayer funds to acquire BTC.

ChainCatcher news, according to GlobeNewswire, officially announced that Grayscale Investments has launched the Grayscale Bitcoin Covered Call ETF (Ticker: BTCC) and the Grayscale Bitcoin Premium Yield ETF (Ticker: BPI).It is reported that these two funds are among the first exchange-traded funds (ETFs) under Grayscale to adopt a covered call strategy, aiming to create differentiated sources of returns for investors through the volatility characteristics of Bitcoin.BTCC primarily seeks stable returns while participating in price fluctuations through Bitcoin-related options. The fund earns premiums by selling call options close to the current price and distributes dividends to investors monthly. This strategy is suitable for investors looking for stable cash flow while profiting from Bitcoin's volatility. The premium income can also provide a certain buffer during market downturns.BPI aims to generate income while retaining upside potential in Bitcoin by selling deep out-of-the-money call options. Investors can receive part of the option income while benefiting from potential price increases in Bitcoin. Both funds employ an active options strategy and distribute dividends monthly.

ChainCatcher news, according to CoinDesk, the cryptocurrency market has seen a decline today as investors reduce their exposure to risk assets due to concerns over macro policy changes in April. The liquidation scale in the past 24 hours has exceeded $300 million, with BTC dropping to the $82,000 range.However, cryptocurrencies backed by gold are reversing the bearish trend in the market, with PAXG rising 0.7% in the past 24 hours and XAUT increasing by about 1%.

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange Bitso has announced the establishment of a subsidiary called Juno, which will issue and manage digital assets including stablecoins. The first token issued by Juno is a fully backed Mexican Peso stablecoin (MXNB), aimed at facilitating cross-border payments and financial transactions in the region. To support the adoption of its stablecoin, Juno has launched the Juno Mint platform, providing businesses with APIs and tools for issuing, exchanging, and converting MXNB, and integrating with Mexico's SPEI banking system for fiat currency transactions.