PUSD stablecoin deploys on ADI Chain, targeting $3T Islamic finance market
Cointelegraph·60-word summary·1 min read
PUSD, a Shariah-compliant stablecoin backed by Gulf currencies, has launched on the ADI Chain Layer 2 network, targeting the $3 trillion Islamic finance market. The deployment aims to facilitate institutional settlements in the Middle East, expanding PUSD’s reach within the region’s growing Islamic finance sector. The move highlights increased adoption of compliant stablecoins in regional financial infrastructure.
Robinhood stock (HOOD) rose over 3% in early US trading hours after the company announced a $75 million investment in OpenAI. The move reflects growing investor optimism amid widespread AI hype. The investment was disclosed amid a surge in AI-related enthusiasm, with Robinhood positioning itself within the AI and tech sectors.
Base's Azul upgrade is now live on testnet, marking a key step toward its final Layer 2 stage. The mainnet launch is scheduled for mid-May, aiming to improve scalability and user experience. The upgrade includes new features and optimizations, bringing Base closer to full deployment and wider adoption in the Web3 ecosystem.
Opendoor's stock rose as strong housing data boosted investor confidence ahead of its May 7 earnings report. Pending home sales increased, despite high mortgage rates and affordability issues. The company aims for profitability by late 2026, with ongoing losses. The positive housing outlook lifted market sentiment around Opendoor's turnaround strategy.
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Sunnyside's Privacy SDK, the first privacy solution on Optimism, launched on April 21, 2026, utilizing ZK and TEE hybrid technology. This development enhances confidential computing for enterprises on the OP Stack, marking a significant step in Layer 2 privacy capabilities. The SDK aims to improve data security and privacy for enterprise users on the Optimism mainnet.
Iran has skipped upcoming talks as the ceasefire deadline approaches, making a US-Iran meeting unlikely by April 30. This absence increases geopolitical tensions and reduces prospects for diplomatic progress, potentially impacting market stability. The development underscores ongoing tensions that could influence broader geopolitical and economic dynamics, including the Layer 2 ecosystem.
