Weekly Overview

This week in Crypto Biz emphasizes the continuous integration of traditional finance with blockchain technology. Tether is actively seeking substantial venture capital investments, aiming to secure a valuation on par with renowned tech companies like OpenAI. Concurrently, the SEC is contemplating a framework that would permit stocks to be traded onchain, augmenting the connection between traditional finance and blockchain.

Tether’s Mega Funding Round

Tether is reportedly engaging with prominent investors for a funding round potentially valued at $500 billion.

Tether is home to the largest stablecoin, USDt (USDT), and is diversifying its operations beyond mere stablecoin transactions.

SEC’s Exploration of Onchain Trading

The SEC is looking into a plan that might let US stocks be traded on approved crypto exchanges.

This move could broaden access to US equities and extend trading beyond conventional market hours.

Adoption of JPMorgan’s Blockchain Solutions

Qatar National Bank is set to utilize JPMorgan’s Kinexys blockchain, enhancing the efficiency of corporate payments.

The digital platform allows payments in as little as two minutes, transforming the payment process for businesses.

Predictive Oncology’s Innovative Treasury

Predictive Oncology formed a $344.4 million digital asset treasury consisting solely of Aethir tokens, becoming the first US public firm to do so.

This strategic move gives Predictive Oncology exposure to decentralized physical infrastructure networks (DePIN).

Crypto Biz will continue to provide essential insights on the intersection between blockchain and traditional finance every Thursday.