Cryptocurrency Markets and On-Chain Ecosystem Developments

According to the Bank of England, the central bank recently unveiled draft proposals that relax several restrictions on regulated stablecoins. The revised framework removes the previously planned £20,000 cap on individual stablecoin holdings and allows issuers to hold up to 70% of reserves in UK

According to BlockBeats, on June 22, Pendle marked its fifth anniversary and officially launched on Monad, opening two AUSD yield pools (Agora AUSD and Upshift earnAUSD) with incentives of up to $100,000 per week. Sky Money fixed income TVL surpassed $51 million, with Pendle-based fixed income

Gate News: According to Gate's official announcement, Gate has now launched the USD1 staking product, with a minimum investment of 1 USD1 and a current annualized yield of 9%. USD1 staking is Gate's on-chain staking product, allowing users to stake USD1 and earn on-chain returns through Dolomite. According to the distribution rules, after a user stakes on Day D, interest starts accruing on Day D+1 and is distributed on Day D+2, with interest automatically distributed daily in the form of USD1 an