Report: Unicredit, ING Lead 9-Bank Push to Build Euro Stablecoin by 2026

Deutsche Börse has announced the integration of regulated euro and dollar stablecoins from Societe Generale into its core market systems. This move enhances the exchange's settlement and collateral tools, reflecting a growing trend towards the adoption of stablecoins in traditional finance. The inclusion of these stablecoins is expected to facilitate more efficient trading and settlement processes within the European financial markets.

Alibaba and JPMorgan are launching tokenized deposit rails for global B2B payments, significantly reducing transaction settlement times from days to nearly instant. These deposit tokens, which maintain funds within the banking perimeter while utilizing blockchain technology for speed, will enhance wallet infrastructure to manage various digital currencies. The Best Wallet combines a non-custodial, multi-chain wallet with a DEX aggregator and other features, allowing token holders to benefit from lower fees and increased staking yields.

A Cardano holder has reportedly lost 90% of their investment, amounting to $6.9 million in ADA, due to a mistaken swap involving a highly illiquid trading pool. The holder inadvertently converted their substantial ADA holdings into a lesser-known stablecoin, resulting in a final value of only $847,695. This incident highlights the risks associated with trading in illiquid markets and the potential for significant financial loss.

A Cardano holder has suffered a significant financial loss after mistakenly converting $6.9 million worth of ADA into a lesser-known stablecoin. This error occurred due to the use of a highly illiquid trading pool, resulting in a staggering 90% loss of the original investment, leaving the holder with only $847,695.