We kick off the week with Binance Bytes, your quick summary of the hottest 🔥 in crypto and blockchain😎
1️⃣ Wyoming launches the first state-backed stablecoin 🇺🇸💵
The state of Wyoming has introduced FRNT, a stablecoin backed by dollars and Treasury bonds.
💡 Why it matters: Although it is not yet available to the public, it is already on 7 blockchains (Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base). Once activated, it will be accepted even where Visa operates: a direct bridge between crypto and the real economy!
2️⃣ Robinhood bets on sports predictions 🏈📊
The app plans a prediction market for the NFL and college football, in partnership with Kalshi.
💡 Why it matters: It will not be like regular betting houses: here, the operations will be regulated as commodities. Robinhood thus expands its products and brings alternative finance to more users.
3️⃣ Tether strengthens its strategy in the U.S. 🌐
It appointed Bo Hines, former director of the Crypto Council at the White House, as strategic advisor.
💡 Why it matters: With his experience in stablecoin regulation and institutional adoption, Tether aims to consolidate its presence in the U.S. and expand beyond crypto into sectors such as infrastructure.
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