ChainCatcher news, according to Whale Alert monitoring, around 0:41 Beijing time today, USDC Treasury minted 50 million USDC on the Ethereum chain.

ChainCatcher news, according to Lookonchain monitoring, in the past 7 days, the stablecoins (USDT and USDC) on the Tron Network increased by 592 million, while the stablecoins (USDT and USDC) on the Ethereum mainnet increased by 573 million.

ChainCatcher news, the stablecoin issuance protocol usdx.money has completed a $45 million financing round, bringing the project's valuation to $275 million. Investors include NGC, BAI Capital, Generative Ventures, UOB Venture Management, among others, with some investors contributing through warrants. Existing supporters of the project include Dragonfly Capital and Jeneration Capital.usdx.money aims to build the next generation of stablecoin infrastructure, with USDX as its first stablecoin product. After the financing is completed, usdx.money will further accelerate its ecological layout and promote the application of stablecoins USDX and sUSDX in various fields.

ChainCatcher news, according to Whale Alert monitoring, around 00:47 Beijing time, Tether Treasury minted an additional 1 billion USDT on the Ethereum network.

ChainCatcher news, Societe Generale -- Forge, a subsidiary of Société Générale, announced that it has obtained the qualification for stablecoin issuance, and its EURCV stablecoin has complied with the MiCA regulations that came into effect on June 30. SG Forge was registered as a Digital Asset Service Provider (DASP) in September 2022, giving it legal status in digital asset custody, trading between fiat currency and digital assets, and exchange services between digital assets.In addition, SG Forge has updated its smart contracts, allowing the transfer of the EUR CoinVertible (EURCV) stablecoin to no longer be limited to whitelisted addresses.

ChainCatcher news, Sony Bank officially launches a pilot experiment for the issuance of a stablecoin pegged to fiat currency. The experiment aims to reduce transaction fees for individuals when making payments and transfers, while exploring the potential application of stablecoins as a payment method in the intellectual property-related businesses of the Sony Group, such as gaming and sports.

ChainCatcher news, the ORC-20 protocol announces that the Nirvana upgrade will take place this week.This upgrade will focus on optimizing the protocol, including the addition of support for the issuance of stablecoins, as well as enhancing the atomic trading functionality between ORC-20 tokens.

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.