DeFi News page 16

The regional banking giant is said to be preparing a dollar-pegged token as traditional lenders push into digital assets. US Bancorp is planning to launch its own stablecoin, according to reports from CryptoBriefing and Yahoo Finance. The token would reportedly be called USBDC.

CryptoBriefing and TronWeekly give different current liquidity-pool figures for Polkadot's dotUSD referendum, a discrepancy larger than rounding. CryptoBriefing and TronWeekly give different current liquidity-pool figures for Polkadot's dotUSD referendum, a discrepancy larger than rounding. What all sources agree on Polkadot governance is voting on OpenGov Referendum #1944 to create a native stablecoin called dotUSD.

The fintech firm joins a growing wave of companies seeking federal bank charters to hold Bitcoin and stablecoins directly. Jack Dorsey's Block has submitted an application to the Office of the Comptroller of the Currency for a national trust bank charter, according to reporting from The Block, CryptoBriefing, and crypto.news.

The company added 28,086 ETH, pushing its treasury to 5.93 million coins worth roughly $14.8 billion. Bitmine has added 28,086 ETH to its balance sheet, a purchase valued at roughly $70 million, according to multiple reports. The acquisition lifts the company's total Ethereum holdings to approximately 5.93 million coins.

The network says a chunk of funds from the Tectonic lending protocol hack has yet to be recovered despite a rollback effort. Cronos, the blockchain network associated with Crypto.com, said $9.2 million tied to an exploit of the Tectonic lending protocol has not been recovered.

The banks moved money between Singapore and New York in minutes, a transaction traditional correspondent banking cannot handle outside weekday hours. DBS Bank and Citi have completed what they describe as the first weekend cross-border payment settled using tokenised deposits, according to reports from Crypto News Australia, Cryptopolitan and BlockchainReporter.

A new proposal would allow network transaction costs to be settled in other assets, reducing a long-standing barrier for new users. Ethereum's development community has committed to a proposal allowing gas fees to be paid without requiring users to hold ETH directly, according to CoinDesk and Decrypt.

A new Ethereum Improvement Proposal aims to let transaction fees be covered in other assets, potentially including stablecoins. Ethereum developers are discussing a proposal, designated EIP-8141, that could change how users pay for transactions on the network.

Ireland's Criminal Assets Bureau ties private vault storage to a crackdown worth roughly €360 million in seized crypto assets. Reports indicate Irish criminal gangs are turning to rented private vaults to store crypto seed phrases, the alphanumeric keys that unlock access to digital wallets.

The exchange's new product lets users earn daily yield on stablecoin holdings instead of leaving them idle. KuCoin has rolled out KCUSD, a new stablecoin product built to generate yield for users who hold stablecoins on the exchange.

Saudi Arabia emerges as a key driver of the region's surging digital asset activity. Crypto transaction volume in the Middle East and North Africa region has climbed to an estimated $350 billion, according to reporting from crypto.news and UNLOCK Blockchain.

The project has outlined a plan to sunset its network and move ONE token holders onto Ethereum-based tokens. Harmony, a layer-1 blockchain network that once positioned itself as a low-cost alternative to Ethereum, has proposed shutting down its own chain.

Circle's dollar-pegged token outpaced rivals as the overall stablecoin market cap climbed by roughly $1 billion. USDC, the stablecoin issued by Circle, added $584 million in market capitalization over the past week. The gain made it the largest single contributor to growth across the stablecoin sector, according to reporting from CryptoBriefing, Coinfomania, and The Cryptonomist.

Binance founder Changpeng Zhao points to a select group of YZi Labs investments as likely top performers. Changpeng Zhao, widely known as CZ, has singled out seven crypto investments from YZi Labs as ones he believes will outperform. Yahoo Finance and BeInCrypto both reported the remarks on September 5, 2026.

Capital concentrated into larger rounds as the region's first-half 2026 total surpassed all of 2025 combined. Blockchain and crypto companies based in Southeast Asia raised a combined $680 million in the first half of 2026.

The investment from the decentralized exchange protocol coincided with a sharp rally that pushed PONS to a new all-time high, though traders remain divided on what comes next. Uniswap has purchased a stake in PONS, according to reports from CryptoPotato and BeInCrypto.

DeFi lending protocol Notional Finance is investigating a security incident linked to a coding flaw that allowed values to overflow. Notional Finance, a decentralized finance protocol known for fixed-rate lending and borrowing, has reportedly suffered a security breach worth roughly $1.7 million.

The two firms will study how physical gold reserves could support validator operations on the Solana network. Flowra and KorDA announced a memorandum of understanding on September 3, 2026, to jointly explore gold-backed infrastructure for Solana validators. The MOU signals intent to study a possible partnership rather than a finalized deal.