⚡Serj (aurum)

👀 NEW: Polygon Labs will migrate from its $MATIC token to the new $POL token on September 4 as part of its Polygon 2.0 roadmap, which aims to enhance its zero-knowledge-based layer 2 chains ecosystem.

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🪙Ripple Starts Testing Its New Stablecoin on Ethereum and XRP Ledger. Fintech firm Ripple today announced that it had started testing its new stablecoin on its own blockchain and Ethereum. The San Francisco-based company said Friday that Ripple USD (RLUSD) would help meet worldwide demand for stablecoins and be used for cross-border payments. But its testing is only the first step. “RLUSD has not yet received regulatory approval and therefore is not available for purchase or trading—please be cautious of scammers who claim they have or can distribute Ripple USD,” the company warned on Twitter. Ripple added that while RLUSD is being tested on its native blockchain, XRP Ledger, and the second biggest crypto network, there are plans to run the asset on others.

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⚡Plume Network says it's tokenizing over $1 billion in real-world assets like solar farms, Medicaid claims and mineral rights. Plume Network has announced plans to tokenize about $1.25 billion worth of real-world assets, and in the process, offer holders a chance to earn yield, the company said in a statement.  The goal is to tokenize assets including "solar farms, private credit, Medicaid-backed invoices, [and] mineral rights" in order to make them accessible to investors by the fourth quarter, said a Plume Network spokesperson. Plume Network aspires to "eventually" have $3 billion in assets tokenized, the person added.  "What makes Plume stand out is its proprietary access to high-yield, privately held assets, such as private credit, Medicaid receivables, and renewable energy, that are being tokenized exclusively on our platform,” said Plume Network co-founder and CEO Chris Yin in a statement. “These assets, traditionally out of reach for most investors."

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BlackRock's Larry Fink said bitcoin is a legitimate financial asset that everybody should hold.

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