DeFi News page 2

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.

The cross-chain stablecoin standard now connects Stellar's network to Tether's global USDT supply. USDT0 has launched on Stellar, according to reports published on September 2. The rollout connects Stellar to a shared pool of USDT liquidity exceeding $180 billion. That figure reflects the total circulating supply of Tether's stablecoin across the networks where it operates.

The state now verifies its stablecoin's backing onchain in real time using two new Chainlink checks. Wyoming has expanded transparency around its state-issued stable token by adopting Chainlink's Proof of Reserve infrastructure. The move shifts reserve verification from periodic, off-chain reporting to continuous, onchain confirmation.

Two live disputes in the same day's coverage show what happens when reporting disagrees and no primary document exists to arbitrate. Two live disputes in the same day's coverage show what happens when reporting disagrees and no primary document exists to arbitrate.

Group of 20 officials call for a coordinated regulatory path to support innovation while addressing stablecoin oversight G20 finance leaders have voiced support for clearer rules governing digital assets, according to reports published September 2. The statement frames regulatory clarity as a way to support financial innovation rather than restrict it.

Ripple frames its dollar-pegged token as infrastructure for cross-border payments rather than a trading instrument. Ripple's dollar-backed stablecoin, RLUSD, has crossed the $2 billion mark in total circulation. The milestone marks a significant expansion for a token that launched with the aim of competing in an increasingly crowded stablecoin market.