Project Progress

In brief Ark Labs secured backing from Tether and Anchorage Digital. The firm plans to advance stablecoins and real-world assets on its Bitcoin layer. The technology processes transactions off-chain, with fail-safe measures. Tether has backed Ark Labs in a $5.2 million seed round, as the

X Layer launched a developer incentive program on March 12, with an initial prize pool of 200,000 USDT, to encourage teams to build the next generation of intelligent economic systems within its ecosystem. Projects are required to complete on-chain transactions and open-source their code. The first phase runs from March 12 to 26, with a prize pool of 50,000 USDT. The evaluation will focus on the depth of AI Agent integration and the payment process.

Brazilian investment platform XP launches dollar stablecoin USDXP, backed 1:1 by U.S. dollars held in international financial institution accounts. The stablecoin has been listed on the Clear platform and supports 24/7 trading, with potential expansion to other currencies in the future.

March 12, 2026 5:50 am EDT

Tether Chief Executive Officer Paolo Ardoino announced on March 12 that the intelligent development platform QVAC Workbench 0.4.1 has been released, with multiple upgrades focused on AI localization and is currently in Alpha testing phase.

XAUm is now powered by Chainlink on Venus to make tokenized gold a collateral asset in BNB Chain lending markets. XAUm is Venus Protocol’s first RWA collateral asset, backed by 1 troy ounce of LBMA-standard gold issued by Matrixdock. Chainlink has enabled the pricing layer for tokenized gold

Gate News, on March 12th, Prom, a modular network based on Polygon, announced the launch of an AI agent economy platform on top of its existing zero-knowledge infrastructure. The platform enables AI agents to autonomously complete transactions, collaboration, service negotiation, and value exchange within the PROM protocol.

World Liberty Financial co-founder Zak Folkman stated that the company is developing infrastructure to support autonomous payments by AI agents, and plans to position its stablecoin USD1 as a core payment tool for machine-to-machine transactions. The current stablecoin market is approaching $315 billion, with USD1 ranking fifth in the market. Multiple institutions are also advancing AI-driven stablecoin payments.

Since its launch in early 2024, Pump.fun has generated $1.08 billion in revenue, becoming the first platform on the Solana blockchain to surpass the $1 billion mark. In 2024, its revenue reached $321.3 million, and its buyback program has repurchased approximately $323.4 million worth of PUMP tokens. However, the PUMP token price remains below its initial issuance price, and the platform has expanded to other blockchain networks.

GoPlus Security launched SafuSkill on March 12, a security-first AI Agent Skills marketplace. The platform is built on BNB Chain and provides security scanning and management tools, designed to enhance the security of AI Agent skills and promote transparent and secure development of the Web3 ecosystem.

Vitalik Buterin says the Ethereum Foundation is using a ‘lite’ version of the Distributed Validator Technology to stake 72,000 ETH. He hopes it will eliminate the idea that institutions need complex infrastructure to participate in staking. Two weeks ago, the Ethereum Foundation announced th

The Cardano Foundation has voted in favor of a proposal to cap the amount of ADA that can leave the Treasury to 300 million. It says the new limit matches the expected Treasury income and aligns with a more conservative spending plan. The Cardano Foundation has voted to support a new

Bank of AI is advancing its on-chain financial infrastructure, integrating payments, identity, and DeFi functionality across TRON and BNB Chain. The system enables developers to easily integrate automated payments, allowing AI Agents to autonomously participate in lending and Swap operations, aimed at enhancing their financial autonomy.

Foundry Digital announced that it will launch a dedicated Zcash mining pool in 2026, aimed at providing institutional and public miners with a secure, transparent mining environment. This mining pool draws on the experience of its Bitcoin mining pool, complies with relevant audit standards, and enhances miner trust. This move reflects ongoing market interest in privacy coins and is expected to support the stability and adoption of the Zcash network.

xAI's Macrohard project has encountered a standstill, with frequent leadership changes and expansion difficulties. There are no relevant positions listed on the recruitment page, and the data collection project has been suspended. Tesla has taken over part of the work and is developing Digital Optimus AI Agent. Musk described the two as joint projects, which are part of Tesla's $2 billion investment agreement with xAI.

Revolut has obtained a full banking license in the UK, ending a 3-year application process, and offers deposit protection of up to £120,000. The company plans to invest £3 billion in the UK market over the next few years and launch a £10 billion global expansion plan to enter 30 new markets. Revolut will fully launch traditional banking services and gradually migrate customer accounts to the new platform.

Japanese publicly listed company Metaplanet has established two wholly-owned subsidiaries, Metaplanet Ventures and Metaplanet Asset Management, to expand its digital asset ecosystem. Ventures will invest in Bitcoin-related startups, with an initial investment of approximately $2.5 million. Asset Management connects Asian and Western capital markets, offering a variety of investment services. Metaplanet holds approximately 35,102 Bitcoins and plans to increase this to 210,000 by the end of 2027.

Wells Fargo's trademark application for "WFUSD" suggests potential plans for a dollar-pegged stablecoin as regulatory clarity in the U.S. increases. This move could position the bank among major financial institutions exploring blockchain and digital assets.

X1 EcoChain and Symbiosis partner to create seamless cross-chain interoperability. The goal is to allow people to move assets and information easily from one blockchain to another with no barriers between the different types of blockchains. To achieve this goal, EcoChain is planning to launch its ma