AGP Executive Report
Last update: an hour agoSEC Custody Push: SEC Chair Paul Atkins says more crypto proposals are coming after the agency floated new custody standards for advisers and funds, including limited self-custody and state trust companies as custodians. Regulatory Shakeup: Hester Peirce (“Crypto Mom”) exits the SEC, leaving a two-commissioner lineup and raising questions about what comes next for crypto rulemaking. Stablecoin Rails Go Live: Fiserv switched on a production stablecoin platform using Solana for North Dakota’s Roughrider Coin, enabling near-instant 24/7 interbank settlement. USDT “Coming Home”: Utexo plans an October launch of USDT on Bitcoin using RGB for private transfers, direct BTC-USDT swaps, and bitcoin-collateral lending. Institutional Tokenization: Open USD (OUSD) launches for business payments via Stripe plus Visa/Mastercard rails, while Centrifuge moves Janus Henderson and New York Life tokenized funds onto Arc. Market & Chain Signals: Solana spot DEX volume hits $197B in Q3; Chainlink jumps ~18% on bank/SWIFT and tokenized-equity demos; Stellar tokenized RWA market tops ~$4B. Security Watch: Chainalysis links most stolen XRP from Bitget’s $387M hack to North Korea. DeFi Reality Check: Blast shuts down after TVL and activity collapsed, underscoring how fast chain economics can break.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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