ChainCatcher news, according to official sources, Coinbase has acquired the stablecoin studio Utopia Labs to accelerate its on-chain payment business."The Utopia Labs team is joining Base to help accelerate our on-chain payment roadmap within the Coinbase wallet. The Utopia team has been dedicated to building on-chain payment products for years."

ChainCatcher news, the Hedera team announced the launch of the open-source stablecoin issuance and management toolkit Stablecoin Studio, to support Web3 stablecoin platforms, institutional issuers, enterprises, and payment providers in developing stablecoin applications using Hedera network services.It is reported that the toolkit provides oracle-based proof of reserves functionality, commercial custodian integration points, and easily configurable KYC/AML compliance features.