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first_img Coinbase collaborates with Moov to provide stablecoin infrastructure for community banks

According to Cointelegraph, cryptocurrency exchange Coinbase has partnered with financial platform Moov to provide stablecoin infrastructure for over 1,000 community banks and credit unions within Moov's customer base. The two parties will combine Coinbase's regulated digital asset infrastructure with Moov's payment platform to offer stablecoin payment acceptance, settlement, and real-time funding services.This infrastructure will support use cases such as consumer stablecoin payments, merchant settlements, and payments, and will provide businesses and merchants access to Coinbase's custodial accounts. U.S. community banks typically have total assets of less than $10 billion, including state-chartered institutions and savings and loan holding companies.This collaboration comes as major U.S. banks are experimenting with stablecoin infrastructure. On Wednesday, U.S. Bank, the fifth-largest commercial bank in the U.S., completed a real-time cross-border payment using its proprietary stablecoin USBDC on the Stellar blockchain. Earlier this month, 21 financial institutions, including Bank of America, Citigroup, Goldman Sachs, Deutsche Bank, and UBS, announced plans to form a company to issue stablecoins. Additionally, Western Union also partnered with stablecoin infrastructure provider Rain in August to launch a digital wallet and Visa-branded card.

first_img Linera opens pre-registration for the LNRA community round, subscription from September 1 to 8

The real-time market application underlying protocol Linera announces the opening of pre-registration for the $LNRA community round, aimed at traders, badge recipients, community members, and external participants, allowing for token purchases before Season 1 and TGE. Pre-registration is open from now until September 1 UTC, with the subscription period from September 1 to 8 UTC. Participants can join at a fixed price / FDV using USDC on Base through sale.linera.net, with round pricing and scale to be announced on August 28.This round is divided into a reserved pool for badge holders and an open pool for all registered users. Badges can be earned daily through trading and social activities on app.linera.xyz and claimed at portal.linera.net. Higher levels and points determine the priority order for the reserved pool; the open pool is allocated proportionally, with a single wallet limit of $100,000. For every $1 committed, 1 Commitment Credit is earned, which can be used for fee-free trading volume in Season 1 on app.linera.xyz, with refunds also counted.It is reported that 65% of the total supply belongs to the community (including reserves and this pre-sale), while investors and early contributors hold a total of 25%, with a three-year vesting period from distribution. Linera claims there are currently about 50,000 traders, over 80 million predictions, and over 2 billion test trades, nearing the launch of the mainnet.
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