ArkotNews

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.

Among the positions available are digital pound security architect and digital pound solutions architect.

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.”

Around 100,000 users have participated in the country's central bank digital currency pilot since it kicked off in December.

The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.

Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.

Max Williams, chief operating officer at Runa Digital Assets, noted the upgrade will allow developers to focus on improving users' experience.

Local stakeholders call the move a “marketing gimmick” while others say it's the most efficient way to distribute economic stimulus.

‘White hat’ hackers are working to recover more of the stolen funds as of Monday.