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Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp

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The monetary authority is developing a wholesale CBDC separately and earlier; it is looking at prospective retail use cases despite the lack of an “imminent role” for the currency.

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Uzbekistan begins government bond-backed stablecoin payment pilot

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Humo Digital will test HUMO payments with more than 20 merchants under a sandbox jointly overseen by NAPP and Uzbekistan’s central bank.

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Cronos confirms $9.2M slipped away before Tectonic exploit rollback

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Cronos’s post-mortem put the Tectonic exploit’s affected borrowing at $120.4 million, with 7.6% transferred off-network before validators intervened.

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Swiss stablecoin sandbox enters testing phase, adds two new partners

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Financial market operator SIX and payment app TWINT have joined numerous banks in the sandbox seeking to develop a Swiss franc-based stablecoin.

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