Circle Unveils Nanopayments Private Beta Amid Regulatory Shifts

Web3 Daily Roundup: Circle Launches Nanopayments Private Beta

Circle has rolled out the private beta of its payment solution, Nanopayments. This development is expected to enhance the efficiency of cross-border transactions.

In other news, Tether will be discontinuing the issuance and redemption of its offshore Chinese yuan stablecoin, CNHT. The decision comes after a thorough review of market conditions and regulatory requirements.

Aave's core technology contributor, BGD Labs, has announced that it will cease participation in the Aave DAO effective April 1. This change may have implications for the project's future development path.

Regulatory actions are also making headlines. The U.S. Supreme Court has rejected a Trump-era proposal to impose global trade taxes. Meanwhile, Dutch authorities have banned Polymarket from operating within their jurisdiction.

The Hong Kong Gold Exchange has collaborated with a company tied to Alibaba on a blockchain-based platform for digital goods. Additionally, Stablecoin financial platform Rhythmic has secured $4 million in funding, led by Dragonfly and others.