The Daily: White House stablecoin meeting ends in impasse, BlackRock taps Uniswap for direct onchain BUIDL trading, and more
A White House stablecoin meeting stalled, BlackRock integrated Uniswap for BUIDL trading, and LayerZero launched a new blockchain.Summary
A recent closed-door White House meeting regarding stablecoin yield ended in an impasse, as major banks like Goldman Sachs and JPMorgan pushed for broad prohibitions on benefits tied to holding payment stablecoins, exceeding the scope of the current draft bill. Meanwhile, BlackRock is enabling direct onchain trading of its BUIDL tokenized Treasury fund via UniswapX, marking its first use of DeFi infrastructure for a tokenized product, which caused the UNI token price to surge. In other major developments, LayerZero launched its own high-throughput Layer 1 blockchain called Zero, securing strategic investments from Citadel Securities and Ark Invest, and partnering with Google Cloud and DTCC. Additionally, Robinhood launched the public testnet for its Arbitrum-based Layer 2 chain, Robinhood Chain, aimed at powering onchain real-world assets.
(Source：The Block)