๐ Global & Macro: Russia’s settlement system A7 is set to launch a USDT-based cross-border payment service, aiming to facilitate international transactions amid ongoing sanctions pressure.
๐ฆ RWA & Institutional: No major RWA or institutional developments reported in this hour.
โก Crypto & Markets: Papertrade’s 24-hour revenue surged to $4.02 million, surpassing Pump and Hyperliquid, placing it among the top revenue-generating crypto applications. Meanwhile, the Predict Prophet Challenge Season 2 has officially launched, inviting users to participate in predictions, though details remain undisclosed.
๐ก Key Takeaway: Russia’s move to adopt USDT for cross-border settlements underscores the growing use of stablecoins in geopolitics, while Papertrade’s revenue surge highlights intensifying competition in the crypto application landscape.