Ethena’s governance token will be listed on various centralized exchanges starting at 4:00 a.m. EST on Tuesday.
The Monetary Authority of Singapore is expanding its regulatory scope for crypto service providers.
The new platform takes the place of Crypto.com-owned South Korean crypto exchange OK-BIT, which is closing down this month.
The move would put Ethena total value locked growth “on track with internal expectations,” according to Ethena’s head of growth, Seraphim Czecker.
A Basel Committee proposal that tightens preferential regulatory treatment criteria for banks’ exposure to stablecoins got some pushback by two of crypto’s largest companies.