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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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💵 Overview Of Major Stablecoins In The Cardano Ecosystem 💵

Note: I am curious about the current status of integrating Circle's USDC stablecoin natively on the Cardano blockchain. In 2021, the Cardano Foundation declined a $3 million deal to bring USDC to the network, a decision that has been a topic of discussion within the community. Recently, Charles Hoskinson, founder of Cardano, has indicated potential collaborations with other stablecoin providers, such as Ripple's RLUSD, to enhance Cardano's ecosystem. ~The Dinarian

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We have several types of stablecoins: USD-backed USDM, overcollateralized DJED and MyUSD, synthetic iUSD, and USDC and USDT bridged via WanChain Bridge.

The total supply of all stablecoins was approximately $22.7 million in August 2024; currently, it is almost $24 million.

The number of holders has more than doubled from 2,283 to 5,530.

Despite this growth, we can't be satisfied with these numbers. The majority of blockchain transactions and user activity are related to stablecoins. For everyday users, DeFi will largely revolve around stablecoins for the foreseeable future.

Cardano is experiencing a lack of user activity, likely due to the absence of established stablecoins like USDT and USDC, which are not natively minted on Cardano.

Users tend to trust established USD-backed stablecoins the most.

USDM is one of the most successful stablecoins on Cardano, likely for this reason.

Cardano can improve its market position with more USD-backed stablecoins. The question is which ones to support the most.

There will be a competitive struggle between stablecoins. In my view, those available on multiple major chains will have the best chance of success due to their wider usage.

This is why we should aim to have USDC and USDT on Cardano.

On the other hand, we should support projects from the Cardano ecosystem, including USDM. USDM (Moneta) needs to expand to other chains, which may require financial support from the treasury.

Ripple recently launched a new stablecoin, RLUSD, which has the potential to compete with USDT and USDC.

We should strive to have RLUSD natively minted on Cardano as soon as possible.

DReps may face a difficult decision on which stablecoins to support.

It's easy to suggest supporting all options, but the question remains how much USD it would require.

From my perspective, stablecoin companies should strive to make their products as accessible as possible. I don't understand why they allegedly demand exorbitant amounts for deploying USDC and USDT on Cardano.

If the obstacle isn't just financial but also technical, we already have a solution. A new CIP will enable the minting of tokens similar to ERC-20. Regulated companies will be able to implement the necessary functionality. While we may not like it, we can continue to debate it.

I believe we should first support USDM and get RLUSD on Cardano ASAP. These could be the most cost-effective options.

RLUSD is a newcomer with ambitions to establish itself quickly. Charles Hoskinson is already in talks with Brad Garlinghouse. Maybe everything is already agreed, but that's just speculation.

USDC and USDT remain in the game. Perhaps we should decide on one and hope the other will join later. USDT has many controversies regarding its backing, so I would prefer USDC.

Our negotiating position would be stronger with RLUSD and a more widely adopted USDM.

EMURGO promised to launch USDA soon. In my opinion, the same applies as to USDM. For a stablecoin from the Cardano ecosystem to succeed, it must compete with the established big players. This means it must expand and offer something better. That's the challenge for a stablecoin.

I hope EMURGO has a good plan and will not request funding from the Cardano treasury.

As a DRep, I prioritize USDM and RLUSD over USDC and USDT. While it's important to have USDC and USDT as well, we first need to understand the details of their deployment.

Let's not forget that during a bull market, it can be more profitable for us to allocate larger amounts from the treasury.

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🚨 A Senior UAE Official Has Forecasted...👀

🇦🇪 The United Arab Emirates has taken a decisive step that the United States has been reluctant to pursue.

👉 “Within the next two years, cryptocurrency will be used more frequently than traditional currencies like the dollar or dirham, even for everyday purchases such as coffee and groceries.” 🏦☕🛒

It is worth noting which cryptocurrencies offer transaction fees that are virtually negligible. 😏

The official further stated: “Mark my words, I believe in actions, not just words.”

00:01:00
The Digital Euro 🇪🇺 Is Ready 💶🌍 Via XRP &XLM

The legislative process is complete, and the Digital Euro 🇪🇺 is ready for real time use and October 2025 is the big roll out.

Around this time Europe will also be releasing their
•Request2pay
• SEPA credit transfer rulebook
•PSD3 instant payments
•Verification of payee
•TIPS multi-currency phase 1

The Digital Euro will be minted on #XRPL and #Stellar

OP: MRMANXRP

00:00:27
Tesla isn’t aiming to simply compete with Uber 👀

Tesla isn’t aiming to simply compete with Uber—they’re building an “Airbnb for cars.” Elon Musk has explained that Tesla will soon launch a self-driving fleet sourced from both company-owned vehicles and customer-owned Teslas that can be “rented out” when parked.

Unlike Uber, which connects riders with human drivers, or Airbnb, which matches guests with spare bedrooms, Tesla’s model will match passengers with autonomous vehicles. This eliminates the middleman, extra fees, and gives Tesla full control over hardware, software, data, and payments.

This approach signals a broader shift: the next wave of AI will be about physical agents that move goods and people, manage logistics, and even energy grids. Companies that control the entire technology stack—from chips to cloud to real-world deployment—won’t just disrupt existing industries; they’ll rewrite the rules of asset ownership and revenue sharing.

Ultimately, this means rethinking every business model built on ...

00:01:21
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
$VELO ALERT: The integration of Shopify into Sanity’s headless CMS

Check this out... Talk about UTILITY! 👇

The integration of Shopify into Sanity’s headless CMS—especially under the OmniPoints umbrella—signals a massive step toward seamless, scalable commerce.

When you combine $VELO with a content platform trusted by giants like Puma, AWS, and #Google Cloud, AND you unlock compatibility with one of the world’s biggest e-commerce solutions (Shopify), you’re looking at exponential reach for both merchants and users.

If OmniPoints can truly bridge $VELO with Sanity-powered Shopify stores or POS systems, it’s not just an incremental upgrade—it’s opening the door to real-world utility and mass adoption potential. Imagine frictionless crypto payments, loyalty points, and dynamic content all managed in one flexible ecosystem. The potential for onboarding merchants is enormous!

Keen to hear more updates from the team—this is definitely one to watch. 🔥 GOT #VELO?

https://x.com/Omni_Points/status/1928437991095345590

🚨 JUST ANNOUNCED By Uphold!

You asked, we listened.

Uphold is exploring ways to unlock yield on $XRP, including testing XRP staking through @FlareNetworks FAssets.

Welcome to the world of smart contracts and DeFi opportunities, #XRPArmy.

Stay tuned for the beta.

https://x.com/UpholdInc/status/1928511793694986338

XDC Network Has Partnered With Bitso 🚀

XDC Network has partnered with @Bitso Business to deliver fast, low-cost cross-border payments from the United States to Mexico.

With over $63 billion in inbound remittances, Mexico ranks second globally, while the United States leads the world in outbound remittance volume, with an annual total exceeding $70 billion. This is a vital corridor—and this blockchain-powered partnership is making it easier and cheaper for businesses and individuals to send money across borders.

🔹 Real-time USD ⇄ MXN conversion
🔹 Ideal for SMEs and fintechs
🔹 ISO 20022-compliant infrastructure
🔹 Built for scalability and inclusion

👉 Learn more about this collaboration:
https://invezz.com/news/2025/05/29/xdc-network-partners-with-bitso-business-to-power-cross-border-payments-from-the-us-to-mexico/

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🚀Comprehensive Overview of Reggie Middleton's Patents
Pioneering Innovations in Decentralized Finance and Blockchain Technology

Key Takeaways

  • Innovative DeFi Solutions: Reggie Middleton has developed groundbreaking technologies that facilitate trustless and low-trust value transfers, revolutionizing decentralized finance.
  • Robust Patent Portfolio: His patents cover a wide range of applications, including blockchain infrastructure, peer-to-peer transactions, digital asset security, and regulatory compliance.
  • Legal and Market Impact: Middleton's patents have significant legal standing, demonstrated by successful defenses against challenges and high-profile lawsuits, positioning him as a key player in the FinTech industry.

Introduction

Reggie Middleton is a distinguished innovator in the fintech and blockchain sectors, recognized for his extensive portfolio of patents that address critical challenges in decentralized finance (DeFi) and trustless value transfers. His work has been instrumental in advancing blockchain technology, enhancing security, scalability, and accessibility within decentralized ecosystems.

Overview of Reggie Middleton's Patent Portfolio

Trustless Value Transfer Systems

Middleton's patents in this category focus on enabling secure transactions between parties with minimal or no trust. Utilizing advanced cryptographic protocols and blockchain technology, these systems eliminate the need for intermediaries, thereby reducing costs and increasing transaction efficiency.

Mechanisms and Applications

His innovations include systems for decentralized exchanges, peer-to-peer lending platforms, and digital marketplaces. An exemplary application is the facilitation of currency exposure hedging, allowing users to swap risks (e.g., AUD/USD) via Bitcoin without prior trust between parties.

Blockchain Infrastructure Enhancements

Middleton has developed solutions that address scalability, interoperability, and consensus mechanisms within blockchain systems. These enhancements are crucial for handling high transaction volumes and ensuring seamless interaction between different blockchain networks.

Key Innovations

His patents introduce scalable blockchain infrastructures capable of supporting enterprise-level applications and multi-chain platforms. By improving consensus algorithms, Middleton's work ensures faster and more secure transaction validation processes.

Peer-to-Peer Transactions

The patents in this domain enable direct asset exchanges, such as cryptocurrencies and non-fungible tokens (NFTs), through smart contracts and decentralized networks. These innovations are foundational for modern DeFi platforms and decentralized governance systems.

Practical Implementations

Middleton's technologies facilitate seamless peer-to-peer transactions, enhancing user autonomy and reducing dependency on centralized institutions. This is particularly evident in decentralized exchanges and governance frameworks where direct asset management is paramount.

Digital Asset Security

Ensuring the security of digital assets is a cornerstone of Middleton's patent portfolio. His solutions include advanced storage systems and multi-signature wallets designed to protect against cyber threats and unauthorized access.

Security Solutions

Implementing cold storage systems and multi-signature protocols, Middleton's patents provide robust defenses against potential security breaches, safeguarding cryptocurrencies and other digital assets from malicious attacks.

Regulatory Compliance and Central Bank Digital Currencies (CBDCs)

Middleton's patents also address the growing need for regulatory compliance within digital financial systems. His frameworks for issuing and managing CBDCs align with existing regulatory standards, facilitating the integration of government-backed digital currencies into the broader financial ecosystem.

Compliance Frameworks

These technologies ensure that digital currency systems adhere to legal requirements, enabling smoother adoption and acceptance by both financial institutions and regulatory bodies.

Legal and Market Impact

 

Patent Enforcement and Legal Challenges

Reggie Middleton has actively defended his intellectual property, most notably filing a $350 million lawsuit against Coinbase Inc. for alleged patent infringement. The Patent Trial and Appeal Board (PTAB) has upheld the validity of his patents, denying Coinbase's Inter Partes Review (IPR) petition, thereby reinforcing the strength and enforceability of his patent claims.

Market Position and Influence

Middleton's patents are considered some of the most powerful in the FinTech industry, covering essential technologies that underpin DeFi and blockchain operations. With approximately 90% of blockchain patent applications typically rejected by the USPTO, Middleton's successful patents distinguish him as a leading innovator in the space.


Future Directions

Integration of AI in Decentralized Systems

While current patents focus on human-driven transactions, the foundational technologies developed by Middleton provide a robust framework for future integration of artificial intelligence (AI). Potential applications include automated trading systems, intelligent asset management, and enhanced decision-making processes within DeFi platforms.

Expansion into Global Markets

With patents protected in multiple jurisdictions, including the U.S. and Japan, Middleton is well-positioned to expand his technological solutions globally. This expansion will likely involve adapting his systems to comply with diverse regulatory environments and addressing region-specific financial challenges.


Detailed Patent Analysis

Technological Innovations

Middleton's patents encompass a range of technological advancements designed to enhance the functionality and security of decentralized financial systems. These include but are not limited to:

  • Proof of Stake (PoS) and Proof of Work (PoW) Enhancements: Improved algorithms for validating transactions and securing blockchain networks.
  • NFT Transfer Mechanisms: Secure and efficient methods for transferring non-fungible tokens, ensuring authenticity and ownership integrity.
  • Adaptive Security Protocols: Systems that dynamically adjust security measures based on transaction parameters and threat assessments.

Scalability and Interoperability

Addressing scalability, Middleton's patents introduce solutions that enable blockchain networks to handle increased transaction volumes without compromising performance. Additionally, his work on interoperability protocols facilitates seamless communication and transaction processing across different blockchain platforms, fostering a more integrated and efficient decentralized ecosystem.

Regulatory Alignment

In response to the evolving regulatory landscape, Middleton has developed frameworks that ensure digital financial systems comply with existing laws and standards. This alignment is crucial for the widespread adoption of decentralized finance solutions and the issuance of Central Bank Digital Currencies (CBDCs).

Conclusion

Reggie Middleton stands out as a pivotal figure in the FinTech and blockchain industries, with a patent portfolio that not only addresses current technological challenges but also lays the groundwork for future advancements in decentralized finance. His innovations in trustless value transfers, blockchain scalability, and digital asset security have significant implications for the financial ecosystem, reinforcing the importance of robust intellectual property in driving technological progress. Through sustained legal defense and strategic market positioning, Middleton continues to influence the direction and adoption of decentralized financial systems globally.

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⚖ SEC: many crypto staking services aren’t securities ⚖

The Securities and Exchange Commission (SEC) yesterday clarified that most staking services don’t involve securities, resolving a major uncertainty that has hung over the crypto industry. The guidance provides regulatory clarity for major platforms like Coinbase, Kraken, and Lido, which collectively handle billions in staked assets.

The ruling removes a regulatory cloud that has limited institutional adoption of staking services. Without this clarity, staking service providers faced potential enforcement action and costly compliance requirements designed for traditional securities.

Blockchain staking typically involves locking tokens to secure the network and earning a reward in return. The least contentious option would be someone who operates a node themselves, keeping custody of their assets and staking directly.

However, there’s been a major question mark hanging over staking-as-a-service, in which a third party performs the staking on behalf of the token owner. This is hugely popular because on Ethereum the minimum staked amount is 32 ETH (over $80,000 at current prices) and doing it yourself requires appropriate hardware and technical knowledge.

How the SEC reached its decision

For assets that aren’t obviously securities, the Howey legal test is used to establish whether there’s an “investment contract.” A key test is whether the return is dependent on the entrepreneurial efforts of someone other than the investor.

Applying this test to staking services, the SEC concluded that the staking service provider is simply providing an “administrative or ministerial activity” rather than an entrepreneurial one and doesn’t set the rate of return earned by the investor, although they deduct fees.

The SEC takes the same view whether the investor retains custody of their tokens or the service provider additionally provides custody. If a custodian is involved, the note only covers the situation where the investor chooses how much to stake.

However, the devil is in the details. For example, the opinion does not cover liquid staking (where the token holder receives another token while the main tokens are locked), re-staking or liquid re-staking.

One commissioner strongly disagrees

This interpretation faces significant pushback from Democrat Commissioner Caroline Crenshaw, who noted that these are simply staff opinions and don’t affect the law. She went as far as saying that in authoring the note, the Division of Corporate Finance was channeling the adage “fake it ’till you make it.”

In her view, the note inadequately justified the legal interpretation and she believes the conclusions conflict with the law. However, she acknowledged that certain bare bones staking programs may not involve an investment contract.

Since the change in administration, the SEC has published several staff notes related to digital assets, the first of which clarified that solo and pooled mining for proof of work blockchains will generally not be considered to involve securities.

While this is staff guidance rather than formal regulation, it signals the SEC’s likely enforcement approach under the new administration. It marks a significant shift in how crypto staking will be regulated, though the strong dissent suggests this interpretation could face challenges if the political landscape changes again.

The newly proposed digital asset legislation, the CLARITY Act, doesn’t explicitly cover staking. However, it includes explicit regulatory relief regarding blockchain-linked tokens, making such guidance less vulnerable to future political shifts by providing statutory protections for digital commodities that meet specific criteria.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
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XRPL Unleashes Batch Power—What’s Hidden in the 2.5.0 Rollout?
XRPL prepares for its 2.5.0 upgrade, introducing batch transactions and advanced features to challenge Ethereum and Solana.

Highlights:

  • XRPL is preparing to release version 2.5.0 in June with several major feature upgrades.
  • The new XLS-56 feature allows users to group up to eight transactions in a single batch.
  • Batch transactions support atomic swaps and enable smart transaction dependency logic.
  • XRPL is also testing features like Account Permission Delegation and Dynamic NFTs.
  • Smart Escrows is currently being evaluated on the WASM Devnet for future release.

The XRP Ledger (XRPL) has confirmed integrating a major XLS-56 feature in preparation for the upcoming 2.5.0 upgrade. This release, scheduled for June, introduces batch transactions and supports future scalability. As XRPL aims to enhance performance, it moves to compete directly with Ethereum and Solana.

XLS-56 Brings Batch Transactions and Atomic Swaps to XRPL

XRP Ledger now includes the XLS-56 amendment, which enables users to group up to eight transactions in a single batch. This batch feature supports atomic swaps and smart transaction dependencies across the XRPL ecosystem. Consequently, it streamlines transaction processes and optimizes blockchain functionality.

Integrating batch transactions will support XRPL-based monetization and peer-to-peer NFT trading on a broader scale. With more efficient bundling, developers can execute advanced logic while keeping operational costs low. The upgrade demonstrates XRPL’s strategy to reduce complexity and promote seamless operations.

RippleX Senior Software Engineer Mayukha Vadari confirmed this integration through an announcement on X. She emphasized the technical breakthrough in batch processing in XRPL 2.5.0. After testing, the feature will be live once the amendment receives full validator approval.

Testing Begins for Next-Gen Blockchain Tools

Alongside batch processing, XRPL is testing additional features for phased deployment across the network. These include Account Permission Delegation, Multipurpose Tokens, Credentials, Permissioned Domains, and Dynamic NFTs. Each feature is being refined through XRP Ledger’s Devnet and Testnet environments.

The Devnet includes completed amendments that are still pending release, while the Testnet mirrors the mainnet for simulation. These networks allow developers to review feature behavior before final mainnet integration. This structured process ensures that XRPL can maintain reliability while deploying innovations.

Smart Escrows is another addition currently undergoing testing on the WASM-based Devnet. The tool aims to enhance asset handling with programmable conditions on XRPL. Once validated, this feature will expand XRPL’s smart contract capabilities.

XRPL Faces Competition from Ethereum and Solana in Upgrade Race

The XRP Ledger upgrade emerges when Ethereum prepares for its Pectra release and Solana advances with Alpenglow. Each platform is racing to improve network performance, though XRP Ledger focuses on reducing costs and enhancing functionality. Meanwhile, Ethereum and Solana prioritize scalability and speed.

XRPL’s approach includes integrating AI-powered tools like XRPTurbo to strengthen DeFi automation and utility. These enhancements position XRPL as a versatile ledger for financial and decentralized services. The upgrade aligns with long-term goals of supporting advanced applications and high-throughput demands.

XRPL continues to refine its core infrastructure with performance, modularity, and stability as key priorities. With XLS-56 now integrated, the ledger can support more complex transaction workflows. XRPL’s roadmap reflects a clear commitment to expanding use cases across its decentralized environment.

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💳 PayPal: 
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🔗 Crypto – Support via Coinbase Wallet to: [email protected]

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Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

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