ChainCatcher news, according to official sources, Ondo Finance announced a partnership with Wellington Management to provide intraday redemption services for tokenized U.S. Treasury funds.It is reported that Wellington Management is one of the largest independent asset management companies in the world, with assets under management exceeding $1 trillion.

ChainCatcher news, according to the Hong Kong Economic Journal, the Hong Kong Financial Services and the Treasury Bureau stated that the SAR government needs to establish a regulatory framework for fiat-backed stablecoin issuers, regulating in a risk-based and pragmatic manner. The three main requirements include reserve management and stabilization mechanisms (for example, requiring issuers to ensure that fiat-backed stablecoins are fully backed by high-quality and highly liquid reserve assets), redemption requirements, and governance, knowledge, and experience regulatory requirements.The Hong Kong Financial Services and the Treasury Bureau also suggested that only licensed fiat-backed stablecoin issuers, banks, licensed corporations, and licensed virtual asset trading platforms may sell fiat-backed stablecoins in Hong Kong or actively promote related services to the public in Hong Kong.For existing stablecoin issuers, the proposed regulatory framework will also have corresponding transitional arrangements. Additionally, the Bureau expects that a regulatory framework for fiat-backed stablecoin issuers that is appropriate and in line with international regulatory recommendations can provide sufficient protection for users, addressing potential risks to monetary and financial stability, allowing the virtual asset ecosystem in Hong Kong to develop sustainably and responsibly.

ChainCatcher news, Circle announced the launch of Circle Mint with MPI license in Singapore, providing Singapore customers with zero-fee USDC minting and redemption services. The fiat funds in users' bank accounts can be automatically converted to USDC instantly, and Circle Mint complies with MAS regulations.

ChainCatcher message, Binance will terminate the redemption service and delist the leveraged Tokens TRXUP, TRXDOWN, DOTUP, DOTDOWN, LINKUP, LINKDOWN.The specific schedule is as follows:May 9, 2023, 14:00 (UTC+8): TRXUP, TRXDOWNMay 10, 2023, 14:00 (UTC+8): DOTUP, DOTDOWNMay 11, 2023, 14:00 (UTC+8): LINKUP, LINKDOWNUsers are advised to redeem their held leveraged Tokens in advance through the wallet page or the leveraged Token page. If users still hold these leveraged Tokens at the time of delisting, Binance will convert them into an equivalent amount of USDT based on the net value of the leveraged Tokens at the time of delisting, and distribute it to users' accounts within 24 hours. After the distribution is completed, the leveraged Token assets will be removed from the wallet. (Binance App Announcement)