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BTC $68,051.96 +0.15%
ETH $1,973.45 +0.15%
BNB $622.46 -1.09%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $571.58 +0.62%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

coin-based

Integral launches the world's first stablecoin-based cryptocurrency prime brokerage service

ChainCatcher news, digital asset technology provider Integral today announced the launch of PrimeOne, the world's first cryptocurrency prime brokerage platform based on stablecoins. PrimeOne is built on the Codex Layer-1 EVM blockchain, providing an integrated platform for institutional-level credit, trading, and net settlement services.PrimeOne allows clients to trade with leading crypto market makers and trading platforms through a single account—eliminating the need to maintain multiple relationships across different trading venues. Clients can enjoy faster market response times, a streamlined account opening process (requiring only one AML/KYC review), and no credit limits. Unlike traditional models, PrimeOne's on-chain infrastructure ensures that clients always retain control over their assets.As the value of open positions fluctuates, USD stablecoin-based margins will automatically flow in real-time between counterparties' wallets, virtually eliminating counterparty credit risk. Trading limits are dynamically set based on the margin balance held by PrimeOne participants. This model creates a complete trading ecosystem that offers superior liquidity, enhances operational efficiency, and significantly reduces capital requirements and credit exposure.Launched at a critical time of accelerating institutional adoption, PrimeOne combines the resilience of institutional-grade infrastructure with the innovation of decentralized finance. By leveraging stablecoins and real-time margin exchange, PrimeOne can prevent defaults from spreading among participants, thereby building a more resilient and democratized credit network.

Airstar Bank collaborates with JD Coin Chain to explore stablecoin-based cross-border payment solutions for enterprises

ChainCatcher news, Airstar Bank Limited announced a collaboration with JINGDONG Coinlink, a subsidiary of JD Group, on the Hong Kong Monetary Authority's stablecoin issuer "sandbox." As one of the participants in the "sandbox," JINGDONG Coinlink plans to utilize the "sandbox" environment for innovation, testing, and improvement, dedicated to developing blockchain-based cross-border payment solutions using the latest technology to help businesses address challenges and enhance payment experiences in cross-border transactions.Relevant information indicates that the stablecoin issuer "sandbox" was launched by the Monetary Authority on March 12, 2024. Through the "sandbox," the Monetary Authority can communicate regulatory expectations and provide guidance to institutions planning to issue fiat stablecoins in Hong Kong, while participants can test the feasibility of their expected business models and directly communicate with the Monetary Authority to understand how to comply with future regulatory requirements.It is reported that Airstar Bank (full name: Airstar Bank Limited) was granted a banking license by the Hong Kong Monetary Authority in 2019. On June 7, 2024, Futu Holdings (FUTU.US) announced that it had completed an investment of HKD 440 million in Gravitation Fintech HK Limited, the parent company of the licensed virtual bank Airstar Bank in Hong Kong. After this change, Xiaomi Group holds 50.30% and Futu holds 44.11%.
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