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Figure Clashes With Short Seller Over Blockchain Lending Claims

Figure Clashes With Short Seller Over Blockchain Lending Claims

Figure is in a dispute with Morpheus Research over claims regarding its blockchain lending practices. The $7.7 billion fintech is accused of exaggerating its blockchain technology usage, while Figure and asset manager Van Eck contest these allegations. This clash highlights ongoing scrutiny in the blockchain lending space.

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Singapore Gulf Bank adds stablecoin mint and redeem for 24/7 settlement

Singapore Gulf Bank has introduced a stablecoin minting and redeeming service for institutional clients, allowing them to convert fiat currency into US dollar-pegged stablecoins 24/7. This move aims to enhance liquidity and streamline transactions for clients, marking a significant step in the adoption of stablecoins in the region.

CointelegraphApr 17Source ↗
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