DeFi

The Morpho vault holds $9.6 million of PayPal's stablecoin and lends against mWIN, a Luxembourg-issued token whose bond portfolio Wellington Management runs. Of the 8.31% headline yield, 7.61 percentage points come from a PYUSD reward stream.

Laser Digital bought ZIG tokens and will structure and risk-govern a pipeline of vault products with ZIG Markets, which says it has originated more than $50 million with no defaults so far. The investment size was not disclosed.

Account owners hold stablecoins and issue capped Virtual Wallets to their agents. Handle reservations open Tuesday; funding, onramps and agent spending arrive “in the coming months.”

Decentralized exchanges took their largest share of spot trading since tracking began in 2019 — in a month when overall volumes sank to a two-year low.

The v4 hook enforces issuer allowlists onchain at the protocol level, with Superstate, Securitize, and Dowgo as launch partners.

Ondo Stocks holders can now back perpetual futures positions with SPYon and QQQon, subject to an initial $100,000 per-asset notional cap.

Cloudflare opened a waitlist for its Monetization Gateway on Wednesday, letting customers charge for web pages, datasets, APIs or MCP tools with payments settling in stablecoins over the x402 protocol. Will Papper, formerly of Syndicate, joined the company as product manager for Agent Payments to lead the effort.

Spark, Uniswap, and Sky are launching shared stablecoin liquidity infrastructure, beginning with a $150 million USDS migration to Uniswap v4 pools designed to serve a multi-issuer stablecoin economy.

Teams can now launch token auctions directly from the Uniswap Web App using Continuous Clearing Auctions, with no code required.

AI agents can now access 0x Protocol's Swap API by paying $0.01 per request in USDC directly from their own wallets, with no API key required, via the HTTP 402 and x402 standard built with Alchemy AgentPay.