Project Progress

The Ethereum Foundation and Virtuals Protocol have launched the ERC-8183 standard, aimed at solving trust issues in commercial transactions between AI Agents. The standard defines on-chain tasks and introduces evaluation roles to enable decentralized transactions, avoiding intervention by centralized platforms. ERC-8183 complements other standards such as x402 and ERC-8004, collectively building a decentralized AI Agent economy system.

Gate News Announcement, March 11 — According to official sources, stablecoin issuer Circle (CRCL) announced that starting March 9, the native USDC and its cross-chain transfer protocol (CCTP) are officially live on EDGE Chain. This integration will bring fully regulated, USD-backed stablecoins directly into the EDGE Chain ecosystem, offering seamless cross-chain functionality and eliminating the need for wrapped or bridged assets.

NBA-themed crypto project Basketball.fun is processing refund requests from digital card pack buyers because users are unable to trade these assets. The co-founder stated that 24 refunds have been received, totaling less than $2,000. Former NBA player and advisor Tristan Thompson has exited the project. The project plans to launch digital card pack sales on the Base chain this month.

The on-chain financial market platform Theo launches gold-backed interest-bearing stablecoin thUSD and establishes a $100 million pre-deposit pool, which has currently reached 89%. Users can deposit USDC or thBILL on Ethereum, Arbitrum, and Stable Chain. The activity lasts for 6 weeks, with an expected annualized return of approximately 8.3%.

Ripple seeks to obtain an Australian financial services license through the acquisition of BC Payments, promoting the development of cross-border payment services in the Asia-Pacific region. If the application is successful, it will enhance its competitiveness in the local market, streamline transaction processes, and reduce reliance on intermediaries. This move could drive the adoption of blockchain payment technology within regulated financial systems, but market competition remains intense, and friction still exists between traditional financial systems and crypto services.

AINFT platform users have exceeded 550,000, quickly becoming one of the active AI application ecosystems in the Web3 space. By integrating models and on-chain workflows, it provides developers with full-chain support and plans to expand login methods, payment channels, and optimize the user experience to promote large-scale AI applications.

NVIDIA-supported Starcloud project to establish an orbital data center in space, launching space Bitcoin mining this year to explore the feasibility of solar-powered computing. The center will consist of approximately 88,000 satellites, utilizing low-cost ASIC miners in space for mining, aiming to improve energy efficiency and potentially create a new generation of digital financial systems.

Hyperliquid announced the official launch of HIP-4 on the testnet on March 11, introducing the first batch of cyclical binary options markets based on HyperCore's spot prices. The contract is fully collateralized, featuring nonlinear payoffs and expiration characteristics. Future plans include launching one-day expiration markets for BTC and HYPE, as well as multi-outcome markets. The network upgrade will expand the scope of portfolio margin applicability and set limits on the supply and lending of USDH.

Circle's newly launched Circle Nanopayments on the testnet are designed to support ultra-low amount USDC transactions, solving the dual dilemma of traditional payment systems and on-chain Gas fees. The system utilizes off-chain aggregation and batch on-chain settlement technology to enable developers to make micro-payments without Gas fees. The first real-world case is an autonomous robot dog completing a charging transaction through this system, demonstrating the practicality of the agent economy.

Token holders of the Solana ecosystem project Ranger Finance voted on-chain to decide on liquidating the project and recovering funds. This decision was prompted by allegations of false statements by the team, ultimately resulting in the removal of 5 million USDC allocated to token holders.

PlaysOut Platform (PLAY) surged 72.34% on March 11, with a market capitalization of $32.7 million. Its product architecture was upgraded to support various interactive entertainment forms, integrating AI stack technology to lower development barriers, and collaborating with mainstream exchanges to enhance liquidity. These measures have improved the platform's competitiveness and content richness.

Circle announces the launch of the Circle Nanopayments testnet, supporting transfers of as little as $0.000001 USDC with no Gas fees, aiming to provide a payment infrastructure for the Agent economy. Using off-chain transaction aggregation and delayed on-chain settlement, developers can enable various payment scenarios. The solution has been deployed on multiple testnet chains.

Stablecoins processed $33 trillion in 2025. Let that sink in for a second. That’s twice the entire annual volume of Visa. Reece Merrick, one of Ripple’s directors, shared the numbers on X and made it clear, this is the moment Ripple’s been building toward. RLUSD is their answer:

Sonic’s USSD stablecoin offers permissionless, zero-fee USD access with institutional backing for secure, composable liquidity. Cross-chain minting and redemption make USSD a flexible dollar for trading, lending, and treasury operations across networks. Yield from USSD’s backing assets

Circle processed $68M in intercompany transfers using USDC across 11 transactions involving eight global entities. USDC settlements confirmed in under 30 minutes, replacing traditional bank wires that could take up to three days. Faster settlement reduced cash-in-transit exposure and

Mega Financial Holding Co. held a media briefing on the 10th. Chairman Dong Rui-bin revealed that to objectively compare the efficiency of bank and blockchain remittances, Mega Bank mobilized 17 countries worldwide and 25 overseas branches last year for testing. Branch staff opened accounts at local legal exchanges and used the virtual asset trading platform BitoPro to trade USDT stablecoins, transferring 50 USDT each time back to Taiwan, and compared this with traditional bank cross-border wire transfers. The results showed that stablecoins do have advantages for small-scale cross-border remittances. However, for remittance amounts exceeding the equivalent of NT$200,000 (about $7,000 USD), banks remain more cost-competitive. Mega Experiment: Banks Are More Cost-Effective for Transfers Over $7,000 USD The test results indicated that in the scenario of "paying NT$ in Taiwan and receiving local currency at the destination," bank wire transfers generally arrive within about 2 hours, with a fee of approximately

HyperGPT has launched HyperStore, an AI app marketplace connecting developers and users, enabling app monetization and promotion within a growing community. Developers can showcase various AI products to earn revenue while simplifying access to Web3 users.

Gate News Announcement, March 10 — The stablecoin issuer Circle officially announced that as the application of tokenized money market funds continues to expand in the industry, the assets under management of its product USYC have surpassed $2 billion.

Elon Musk's X Money will launch public beta in April, offering peer-to-peer transfers, direct deposits, and yield earning. Despite Musk's support for Dogecoin, the app currently has no crypto integration, though future features may include it.

Ripple's Reece Merrick outlined plans for the RLUSD stablecoin, targeting Turkey, Nigeria, and the UAE to enhance global expansion. These nations show significant digital dollar demand, critical for financial operations, with projections of $33 trillion in stablecoin transactions by 2025.