As part of the launch phase of this new program, campaigns are planned where participants will be rewarded with $100,000. These rewards are designed to both encourage local participants and ensure rapid entry into the XION ecosystem.

XION’s Technology: “Chain Abstraction” and Mobile Power

XION is recognized for its L1 walletless transaction-oriented architecture. The platform simplifies user experience drastically with a structure called Chain Abstraction, which abstracts processes like signing, paying fees, and account creation—resulting in a Web2-like experience. Moreover, thanks to the mobile development kit called Dave, released by XION, iOS and Android developers can create applications that run blockchain technology in the background. Users can log in using OAuth-style flows, without having to manage wallets or tokens. This opens the door to approximately 18 million mobile developers worldwide.

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To reward influential creators within the community, XION launched an event called the “RISE/Kaito Leaderboard Campaign.” In this three-month contest, a total of 100,000 $XION is being distributed. Creators from China and Korea compete in region-specific categories with their own reward pools. Each week, 8 featured content creators receive spotlight and bonus rewards.

• Innovative Academic Environments: The XION House concept fosters a dynamic ecosystem where local creatives and academic communities come together.

• High Participant Incentives: With $100,000 in campaign rewards, the goal is to attract user interest and form a strong early-stage community.

• Technological Simplicity: With Chain Abstraction and the Dave SDK, technical barriers are removed—making Web3 more familiar for Web2 users.

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The post A New Adventure for XION in Asia | APAC Initiative appeared first on Coin Engineer.

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The company, which claims to hold a significant share of the global market for tokenized securities, currently offers three different tokenized products (OUSG, OMMF, and USDY) that provide access to US-based asset classes.

In a press release, Nathan Allman, founder and CEO of Ondo, said, “There is active interest in the rapidly growing crypto community, and our tokens provide investors with access to high-quality US assets.”

The company appointed Ashwin Khosa, who previously worked for Tether and Bitfinex, as Vice President of Business Development for the APAC region.

In November, Ondo and Mantle Network launched USDY, a tokenized bond backed by US Treasury bonds and bank deposits. The company also launched USDY on Solana in December, announcing the initiative in an X post.

APAC is a key market for Ondo’s expansion plans. The region is home to a rapidly growing crypto community with a strong appetite for innovative financial products. Ondo’s tokenized securities offer a unique opportunity for investors in the APAC region to access high-quality US assets securely and efficiently.

The post Ondo Finance Announces Expansion Plans in APAC Region! appeared first on Coin Engineer.

You might like: What is TrueUSD (TUSD)?

According to the exchange’s trading page, Binance’s TUSD-USDT pair saw a total sell volume of approximately $435.4 million in TUSD in the past 24 hours, and approximately $369.3 million in TUSD buy orders were placed, according to the exchange’s order book. The data showed this represented a net outflow of $66.1 million.

Nick Ruck, chief operating officer of ContentFi Labs, said in a statement that following a recent hacking incident targeting Poloniex, TUSD holders are finding themselves in an increasingly difficult position to find stability with the USD-pegged stablecoin.

Justin d’Anethan, APAC head of business development at Keyrock, said in a statement:

“It seems like a small catalyst, but given the recent announcement of Manta in Binance’s launch pool program, and the need to stake BNB or FDUSD at the expense of other stablecoins like TUSD that could have been used for launch pool staking in the past, it seems like a lot of investors are selling the latter for the former,” he said.

What is TrueUSD (TUSD)?

Looking directly at the question of what is TrueUSD (TUSD), it is the first digital asset that is independently verified to be redeemable 1-to-1 for U.S. dollars. This multi-chain stablecoin uses traditional banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.

The post TrueUSD Under $1! appeared first on Coin Engineer.