Gate News message: On April 1, the multi-chain decentralized overcollateralized stablecoin USDD’s total value locked (TVL) across the entire network surpassed $2.0 billion, and its circulating supply rose in tandem to $1.53 billion, with both setting new all-time highs. In the prior week alone, USDD’s TVL jumped from $1.45 billion to $1.93 billion, and the inflow momentum continued. As an overcollateralized stablecoin issued across multiple chains, USDD uses a dual mechanism of “overcollateralization + PSM 1:1 redemption,” and has cross-chain compatibility.

A report from Standard Chartered Bank in the UK says stablecoin trading activity is growing rapidly and that the market size is expected to reach $2 trillion by 2028. The uses of stablecoins have expanded into areas such as AI payments and cross-border payments, strengthening their role in the market. The report emphasizes that innovative use cases will drive market growth, signaling that stablecoins will become an important catalyst for the convergence of digital currencies and traditional finance.

World releases MiniKit 2.0 on World Chain, providing a standardized development framework to simplify deployment for cross-platform applications, while remaining compatible with Ethereum EIP-1193. New features support localized payments to shorten transaction confirmation time, improve development efficiency, and allow developers to pay fees on behalf of users. This upgrade enhances user engagement and will be showcased at the EthCC conference.

Gate News message: On April 1, crypto-friendly bank Cross River Bank completed a $50 million funding round, with investment participation from funds under T. Rowe Price and others. The raised funds will be used to accelerate product launches, deepen partner relationships, and expand international business.

Gate News message, April 1, according to Gate Markets, as of the time of publication, STO (StakeStone) is trading at $0.207. In the past 24 hours, it is up 45.17%, with a high of $0.22 and a low of $0.108. The trading volume over the past 24 hours was $2.5092 million. The current market cap is about $46.635 million. StakeStone is a decentralized cross-chain liquidity infrastructure protocol designed to change how liquidity is obtained, distributed, and utilized across blockchain ecosystems, providing efficient, sustainable, and organic liquidity to meet the growing needs of increasingly modular and multi-chain DeFi. At the same time, StakeStone is also a crypto-native new bank built specifically for the era of autonomous finance, featuring on-chain assets, institutional strategies, and AI agents

Stablecoin cross-border payments company Latitude completed a $8 million funding round on March 31, with NEA leading the investment. The additional capital will be used to expand its global payment services, enabling U.S. businesses to make payments to individuals in more than 50 countries and improving the efficiency of capital flows.

Gate News update, on March 31, payment company Convera reached a strategic partnership with Ripple, which will provide enterprises with payment and treasury management solutions that support cryptocurrencies. The partnership is based on the “stablecoin sandwich” settlement model, meaning the payment process begins and ends with fiat currency, and the middle steps use regulated stablecoins for settlement. Under the partnership agreement, Convera is responsible for coordinating the end-to-end payment experience, while Ripple provides liquidity support, onboarding and offboarding channels, and infrastructure for cross-border settlement.

On March 31, a leading Web3 wallet announced its integration with the XRP Ledger. Users can transfer XRP and RLUSD and complete cross-chain transactions within the wallet, while also supporting RLUSD deposits and withdrawals, and driving the use of stablecoins in everyday payments. The Ripple Foundation plans to jointly launch an incentive program to promote the use of RLUSD.

Gate News message. On March 31, blockchain sleuth ZachXBT monitored that a certain CEX user may have been the victim of a social engineering attack, with losses of about $18.2 million. The attacker began the operation about 45 minutes earlier, using a SafePal wallet, and transferred the assets from the Ethereum network to the Bitcoin network via the decentralized cross-chain protocol THORChain.