Paradigm challenges FDIC over controversial stablecoin yield ban

Morpho, a decentralized lending protocol operating on Ethereum, HyperEVM, and other blockchains currently holding $6.6 billion in total value locked, has raised $175 million in a funding round led by Paradigm, Ribbit Capital, and Andreessen Horowitz’s digital assets arm a16z crypto — valuing the protocol at up to $2 billion and positioning it for an eventual public debut as its founders set their sights on bringing Wall Street’s most traditional institutions into DeFi, according to Fortune’s report published June 9. Related Reading: The XRP Dream Has Changed: Why A Rally To $10 Could Happen Despite Disappointment The round also drew participation from Apollo Funds, Circle’s venture unit, and VanEck — a coalition of backers that spans crypto-native venture capital, traditional asset management, and institutional finance simultaneously. The investment was structured in cryptocurrency and priced at the token’s average monthly price, with the exact cost varying by when participants contrib

Morpho raises $175M from Paradigm, a16z Crypto and Ribbit as the DeFi platform expands its open credit network for banks and asset managers.

Morpho's funding surge underscores DeFi's growing appeal to traditional finance, potentially accelerating blockchain integration in banking. The post DeFi lender Morpho nears $2B valuation after $175M raise led by Paradigm and a16z appeared first on Crypto Briefing.

Morpho Association has raised $175 million in a round co-led by Paradigm, a16z Crypto, and Ribbit Capital, with Apollo Funds and VanEck among the strategic participants. The round, which values Morpho at $2 billion, is among the largest fundraises in DeFi history.

Zodia Custody's expanded regulatory approval enhances institutional trust and positions it to meet rising stablecoin demand across Europe. The post Standard Chartered-backed Zodia Custody wins Luxembourg approval to expand stablecoin custody offering appeared first on Crypto Briefing.

Zodia Custody has secured a Payment Institution licence from Luxembourg’s Commission de Surveillance du Secteur Financier, adding a second key European authorization that allows the firm to offer regulated custody and transfer services for stablecoins across the European Union. According…

0.001% stablecoin taker fee on Bancor’s Carbon aims to attract routers as TVL holds near $24.76M and 30‑day fees ≈ $31.5K. Can lower costs lift BNT’s role?

USDC supply near $75.5B with net redemptions in May–June while an arXiv study maps bifurcated contagion. Here is how the next liquidity shock could unfold.