
Ripple's USD-backed stablecoin RLUSD is nearing 2.5 billion tokens in circulation, worth roughly $2.5 billion — up about $490 million since crossing the $2 billion mark in August. Meanwhile, stablecoins on the XRP Ledger rose roughly 6% in a week to about $1.19 billion, with RLUSD accounting for over 92% of that, or around $1.1 billion. Because RLUSD also issues on Ethereum and other networks, its total supply exceeds what's held on the XRPL. The token is issued by Standard Custody under New York regulation.
2026-09-26

Aave V4 has launched an Equities Hub on Base, letting users borrow USDC against seven Coinbase-issued tokenized US stocks — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla — without selling their equity exposure. The market caps USDC supply at $32 million and borrows at $21 million, with collateral ratios ranging from 65% to 79%. Coinbase's tokenized stocks are available only to eligible users outside the US. AAVE is meanwhile testing resistance near $155, up 2.4% in 24 hours.
2026-09-25

Ethena is expanding its USDe reserve strategy by adding tokenized US equities and equity perpetuals to its basis trade, previously focused on crypto. It will use Binance bStocks as spot collateral and hedge with equity perpetuals to capture the spread between spot and futures markets. The framework has been approved by Ethena's risk committee. Binance equity perpetual open interest exceeds $2.9 billion, with equity basis trades averaging 3.56% annualized over the past six months. Ethena's founder calls it the most significant expansion of USDe's backing mechanism to date.
2026-09-25

Switchboard ended technical support on September 25, 2026, after announcing on September 19 that it would cease operations and deprecate all implementations, urging integrators to migrate to Pyth and RedStone. Jito's Tip Router docs still list Switchboard as a pricing source for vault weights, but they're about nine months out of date, while marginfi's September upgrade outlines nine new oracle options that don't rely on Switchboard. Documentation alone can't prove whether live markets still use the feed, and stale price sources could affect collateral checks, with no verified count of unmigrated feeds still in production.
2026-09-25

Paxos Labs has introduced PAXGy, a token backed by PAX Gold (PAXG) that aims to generate yield for holders through gold leasing strategies. Users can deposit PAXG or swap stablecoins to receive PAXGy, with returns reflected in a rising PAXGy-to-PAXG exchange rate rather than an increasing token balance. Reserves are lent to institutional gold borrowers, and defaults or strategy losses could lower the exchange rate. PAXGy is now available through platforms including OKX Gold Earn and X Layer.
2026-09-24

Robinhood Stock Tokens generated roughly $10.4 billion in spot DEX volume over the past 30 days, signaling a shift in tokenized equity exposure from brokerage-style access toward crypto-native market infrastructure. Issued by Robinhood Assets (Jersey) Limited, these tokenized debt securities offer economic exposure to US stocks and ETFs, backed 1:1 by the underlying securities, though holders are not direct shareholders. The article stresses that this figure measures trading turnover, not invested capital or TVL, and that the bigger story is composability: as ERC-20 assets, tokenized equities can interact with DEXs, lending markets, wallets, and structured products, gradually becoming programmable DeFi assets.
2026-09-24

XRP briefly topped $1.65 on September 23 before falling back to around $1.51, with $1.60 now the first resistance to reclaim. The XRP Ledger's native lending proposal is still in validator voting: XLS-65 would create single-asset vaults, while XLS-66 would let loan brokers use vault funds for term credit. Both amendments need over 80% support from trusted validators for two straight weeks to activate, and no mainnet launch date has been set. The article also examines the $1.60 resistance and $1.40 support.
2026-09-23

On September 22, Circle Foundation announced its first round of U.S. charitable grants, awarding funds to two community development financial institutions, Accion Opportunity Fund and Pacific Community Ventures, to build AI lending tools and data infrastructure for small businesses. Accion's Credit Compass 2.0 uses loan application data to deliver personalized financial education, and its data shows applicants who use the resource are 84% more likely to be approved for a loan. PCV's Radiant Data Hub offers AI governance, predictive modeling, and impact analysis. Circle did not disclose the grant amounts and has set aside about 2.68 million shares, roughly 1% of its capital, for a ten-year foundation endowment.
2026-09-23

0G has introduced Ascend, a liquid staking product that lets users stake native 0G tokens for a0G liquid staking tokens, which can then be minted into iAI restaking to earn AI compute credits. Dubbed Compute Finance (ComFi), the system aims to bridge digital assets with usable AI compute resources. Infinite AI is set to launch on September 29, when a0G will be the only supported asset for minting iAI, with credits usable solely for approved AI services within the 0G ecosystem.
2026-09-21

Hyperliquid has introduced trailing stop orders on its perpetual futures markets, letting traders set a trigger price that automatically follows the favorable mark price. Long positions track the highest mark price after activation, while shorts track the lowest, and a market order fires once price retraces from that peak by a user-defined distance or percentage. Traders can set an activation price or start trailing immediately. The move expands Hyperliquid's existing conditional order toolkit amid steady growth in activity on its perpetuals platform.
2026-09-21