Blockchain DXB: 🔴 17th Dec 🔴 🟠FASB adopts the BTC/Crypto fair value standard 🚨Exodus to List on NYSE 🟣 Ripple stablecoin live 🔥Ethena launches BUIDL-backed stablecoin
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• 17th Dec: Blockchain DXB) Podcast🟠FASB adopts the BTC/Crypto fair value standard 🚨Exodus to List on NYSE 🟣 Ripple) stablecoin live 🔥Ethena launches BUIDL-backed stablecoin🟠 Financial Stability Board (FSB)) Accounting Standards Board Issues Standard to Improve the Accounting for and Disclosure of Certain Crypto Assets. Info here https://shorturl.at/ufpUC) The standard applies to fungible crypto assets that meet the following criteria:- Defined as intangible assets- Secured by cryptography- Created on a distributed ledger (blockchain)- Do not provide enforceable rights to underlying assets- Not created or issued by the reporting entity🎙️ Check out Blockchain DXB)'s episode we will share more information on this. We discuss the following- Key Features of the Standard- Disclosure Requirements- Exclusion of Non-Fungible Assets- Criteria for Application- Effective Date and Early Adoption- Impact on Corporate Adoption of Crypto Assets- Benefits and Potential Risks- Borader industry applications🚨 Exodus) Approved to List on NYSE) AmericanCrypto wallet maker Exodus Movement (EXOD) has received SEC approval to list on NYSE American, effective Dec. 18, 2024. The company’s initial May listing was delayed due to SEC registration reviews.The uplisting is seen as a potential shift toward pro-crypto regulation following President-elect Trump's election. CEO JP Richardson) expects the move to boost Exodus' corporate profile and stock liquidity. Exodus shares, currently traded on OTC Markets, rose 10.5% before paring gains. Press release here https://shorturl.at/7b6aX)🔵 Ripple) stablecoin live: RLUSD - Raising the Standard for StablecoinsRipple USD is an enterprise-grade stablecoin built on trust, utility, and compliance. Available starting Dec. 17 on MoonPay), UpholdInc CoinMENA) Bitso) & ArchaxEx. Raghuram Rajan (former Reserve Bank of India (RBI)) Governor has joined the Advisory Board. Some features of $RLUSD Officla launch info via Twitter/X https://lnkd.in/d_aAazKM)- Fully backed by US dollar deposits, US govt bonds and other cash equivalents with monthly third-party audits- Multi-chain support- Built for cross-border payments, DeFi integration, and bridging between fiat and crypto🔵 Ethena, introduced USDtb, a stablecoin backed by BlackRock)'s BUIDL fund, to stabilize its USDe token during market downturns. The protocol seeks exchange collateral acceptance and Sky's $1B investment. ENA token surged 25% after a $500K investment by World Liberty Financial. More info via CoinDesk) https://shorturl.at/tMZMd)🟠 Two UAE news (See news)⚡ Bitpanda) expands globally; Secures in-principle approval from VARA to enter the UAE market⚡ Foundster introduces AI-Powered Company Formation in Dubai

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