Recapping the Week in DeFi

As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed 

about the latest developments and trends. Our weekly recap provides you with a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.

Circle and Binance Form Strategic Partnership to Drive Global Adoption of USDC

Circle and Binance announced a strategic partnership at Abu Dhabi Finance Week, aiming to expand the adoption of USDC, the popular stablecoin. Binance will integrate USDC across its trading, savings, and payment services, positioning the stablecoin for broader utility. Additionally, Binance will adopt USDC as a core stablecoin for its corporate treasury, further advancing the global digital asset ecosystem.

Read the full story.

Floki Launches Crypto Debit Card in 31 European Countries with Mastercard Partnership

Floki, in partnership with Mastercard, has launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card, offered in physical and virtual formats, enables seamless cryptocurrency spending. While the physical card is limited to Europe, the virtual version is accessible globally, expanding Floki's reach.

Learn more here.

Ripple's RLUSD Stablecoin Receives NYDFS Approval, Launch Imminent

Ripple Labs has gained approval from the New York Department of Financial Services (NYDFS) to launch RLUSD, a US dollar-backed stablecoin. CEO Brad Garlinghouse announced on December 10 that the stablecoin would soon debut on multiple exchanges and partnerships. Ripple aims to challenge market leaders like USDT and USDC, projecting RLUSD to hit a $2 trillion market cap by 2028.

Find more information in the article. 

Arbitrum Foundation and Ubisoft Team Up to Launch Netflix Series-Inspired Web3 Shooter Game

Ubisoft, in collaboration with the Arbitrum Foundation, will release Captain Laserhawk: The G.A.M.E., a blockchain-enabled top-down shooter, on December 18, 2024. Ahead of the launch, a free mint for the Niji Warrior NFT collection began on December 12 via Magic Eden, enabling players to influence the game's development.

Details here. 

Amazon Faces Decision on Bitcoin Investment After NCPPR Proposal

The National Center for Public Policy Research (NCPPR) has proposed that Amazon allocate 5% of its assets to Bitcoin, citing the cryptocurrency's performance and inflation-hedging benefits. The conservative think tank highlighted comparisons to companies like MicroStrategy and Tesla, noting MicroStrategy's 584% stock outperformance over Amazon in the past year due to its Bitcoin holdings.

Details in the article.