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Abra Launches Synth Asset Tokenization Platform AbraFi on Solana with Synthetic Dollar USDAF

3 hours ago

December 12th — Bill Barhydt, CEO of crypto financial services firm Abra, announced at the Solana Breakpoint conference the launch of **AbraFi**: a synthetic asset tokenization platform built on Solana. AbraFi will roll out to the public as a decentralized autonomous organization (DAO) — not owned by Abra Inc. Holders of its governance token, AFI, will receive the majority of the protocol’s revenue and hold governance rights. The platform’s first product is **USDAF**, a synthetic dollar fully backed by assets including SOL, USDT, and USDC. USDAF includes delta hedging and is anchored via DeFi protocols; AbraFi will also launch **SDAF**, a staking version of USDAF. AbraFi is currently in the midst of a seed funding round, with plans to officially launch around January 1. Additionally, Abra is exploring an initial public offering (IPO) in the first quarter of next year.
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Ripple, BitGo, Digital Assets, Paxos, and Circle Granted Conditional Trust Bank Charters

On December 13, the U.S. Office of the Comptroller of the Currency (OCC) just approved conditional trust bank charters for Ripple, BitGo, Digital Assets, Paxos, and Circle.

2 minutes ago

BitGo Receives Conditional Approval to Transform into a Banking Institution

On December 13, cryptocurrency custodian BitGo announced it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to become a banking institution. Once final approval is granted, BitGo will convert its South Dakota-registered trust company into a federally chartered national trust bank. The new entity will be authorized to custody digital assets and certain non-deposit financial assets, as well as provide regulated cryptocurrency-related services without needing state-by-state approval, per The Wall Street Journal.

2 minutes ago

The United States Office of the Comptroller of the Currency has conditionally approved Ripple National Trust Bank's application.

On December 13, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Ripple National Trust Bank’s application. Ripple National Trust Bank is a proposed national trust bank affiliated with Ripple Labs Inc., focused on trust and custody services to support Ripple’s digital asset business—specifically the issuance, management, and custody of its dollar-pegged stablecoin, RLUSD (Ripple USD).

2 minutes ago

In the past 1 hour, the entire network has seen $184 million in liquidations, with $182 million in long liquidations.

As of December 13, Coinglass data shows: - Over the past hour, $184 million in total has been liquidated across the network, with $182 million from long positions and $3.27 million from short positions. - Over the past 24 hours, 115,515 traders globally have been liquidated, totaling $395 million. The largest single liquidation was on Hyperliquid’s ETH-USD pair, amounting to $5.68 million.

2 minutes ago

Standard Chartered Bank: Expected Average Gold Price of $4,488 per Ounce in 2026

On December 13, Standard Chartered Bank forecast that gold prices will hit a new record high again in 2026, with a full-year 2026 average of $4,488 per ounce and $4,750 per ounce in Q4 2026. (FX168)

2 minutes ago

Bitcoin Falls Below $90,000, Switches from 24-Hour Gain to Loss

Per HTX market data, Bitcoin dropped below $90k on Dec 12, flipping from a 24-hour gain to a loss with a 0.02% decline.

2 minutes ago

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