Open USD Membership Claims Challenged After Samsung, Others Dispute Participation

Open USD’s unveiling hit early controversy after multiple Korean companies said they only learned about their inclusion through media reports. Several major South Korean companies have said they have not formally joined the newly announced Open USD (OUSD) consortium, despite being listed among its participating organizations. Open Standard, the independent entity behind the stablecoin, previously…

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Stablecoins and Public Ledgers Flawed, Report Says

The Bank for International Settlements (BIS) warned that the rapid expansion of stablecoins risks fragmenting the global monetary system and weakening sovereign monetary control, urging central banks and the financial industry to accelerate the development of tokenized forms of central bank and commercial bank money as a safer alternative. In its Annual Economic Report published…

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ZKsync Creator Broadcasts Layoffs as It Pivots to Permissioned Privateness Chain

ZKsync Creator Broadcasts Layoffs as It Pivots to Permissioned Privateness Chain

Management says the layoffs have been pushed by altering technical necessities relatively than any cost-cutting strain. Matter Labs is reshuffling its group as the corporate strikes to a permissioned privateness chain referred to as Prividium. The layoffs will embrace senior engineers, designers, and operators who’re now not aligned with the brand new path. Founder Explains…

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