Web3 Daily Digest: Stablecoin Regulation Advances, Visa Adopts USDC, and Key Platform Updates

The following is a summary of key developments in the Web3 and digital asset sector over the past 24 hours, covering protocol updates, regulatory movements, and significant industry news. **Protocol & Platform Developments:** – The Uniswap fork protocol, Stable Swap, has officially launched on the Stable network. – Aave community has introduced an ARFC proposal to transfer control of brand assets to AAVE token holders. – Visa has begun supporting transaction settlements for U.S. financial institutions using USDC stablecoin on the Solana blockchain. – Canton Network announced its intention to deploy the USD1 stablecoin on-chain. – Web3 social payments platform METYA secured $50 million in strategic funding, led by Century United Holdings Group. **Regulatory & Policy News:** – The U.S. FDIC is advancing the implementation of the *GENIUS Act*, proposing a new regulatory framework for stablecoin issuance applications. – U.S. Senator Elizabeth Warren has called for an investigation into PancakeSwap and the risks associated with decentralized exchanges. – The UK’s Financial Conduct Authority (FCA) has opened a consultation to solicit feedback on its proposed cryptocurrency regulatory rules. **Security & Operational Updates:** – Cybersecurity firm SlowMist identified a potentially critical vulnerability on the cryptocurrency trading platform ICRYPEX Global. – Cryptocurrency wallet application Blocto will temporarily suspend its services. – Cosmos ecosystem Layer-1 blockchain Pryzm has announced plans to wind down operations gradually. **Featured Research & Analysis:** Web3Caff Research published a comprehensive report on the convergence of Web3 and AI. The report analyzes how Web3 can provide a verifiable, composable, and settleable environment for AI systems, covering decentralized compute, verifiable AI inference, and AI agents. Additional highlighted articles include an analysis on the critical need for proactive re-auditing of crypto protocols following recent exploits, and a breakdown of the new upgrades in the x402 protocol V2, an open-source payment protocol for AI agents. *Note: This information is presented for informational purposes only and does not constitute investment advice.*

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