OFAC's alert indicates that digital asset payments tied to the Strait of Hormuz can create significant sanctions exposure for maritime firms and financial institutions, emphasizing that crypto does not reduce legal risk.
Porvenir, one of the largest pension fund managers in Colombia, launched a new crypto-linked investment portfolio option called Crypto Porvenir, allowing Colombian pensioners to achieve crypto exposure starting at 100,000 Colombian pesos through a safe, regulated product.
Circle minted $500 million in USDC on Solana, marking a significant milestone as the network processed $3.25 billion in USDC supply within a week. This surge is indicative of Solana's growing role in the stablecoin market, as it approaches a 10% share of total USDC supply, traditionally dominated by Ethereum.
