The International Monetary Fund (IMF) report warns that tokenized finance poses four major risks, including exacerbating market fragmentation, increasing financial stability risks, conflicts in cross-border settlement, and challenges for emerging economies. The IMF recommends implementing policies such as secure money anchoring and unified regulation to address these risks, and notes that the tokenized finance market is growing rapidly.

Gate News message, on April 2, Wormhole posted on the X platform in response to the Drift Protocol attack incident. Wormhole said that user assets are not currently at risk, and the cross-chain bridge functionality can still be used normally. However, due to the built-in security mechanisms configured for Solana, some cross-chain transfers may experience delays. Wormhole’s core contributors have been in communication with the Solana ecosystem team and will continue to provide support as needed.

All-chain stablecoin protocol USDT0 responded rapidly after the Solana Drift security incident, pausing its cross-chain communication network within 90 minutes. Tether’s CEO praised its team’s handling, while Z achXBT criticized Circle for not freezing USDC transfers.

The number of independent senders of non-USD stablecoins on the Solana chain has grown nearly threefold year over year, driven mainly by the euro stablecoin EURC and the Brazilian real stablecoin BRZ. Solana’s technical advantages have attracted the integration of multiple payment providers, reflecting a rising market demand for cross-border payments on high-throughput blockchains.

Gate News, April 2, Wormhole issued an official response to the attack on Drift, stating that Wormhole users’ assets are not currently at risk and that the cross-chain bridge functionality can still be used normally. However, due to the built-in security mechanisms configured for Solana, some cross-chain transfers may experience delays. Wormhole’s core contributors have been in communication with the Solana ecosystem team and will continue providing support as needed.

Gate News message: On April 1, the multi-chain decentralized overcollateralized stablecoin USDD’s total value locked (TVL) across the entire network surpassed $2.0 billion, and its circulating supply rose in tandem to $1.53 billion, with both setting new all-time highs. In the prior week alone, USDD’s TVL jumped from $1.45 billion to $1.93 billion, and the inflow momentum continued. As an overcollateralized stablecoin issued across multiple chains, USDD uses a dual mechanism of “overcollateralization + PSM 1:1 redemption,” and has cross-chain compatibility.

A report from Standard Chartered Bank in the UK says stablecoin trading activity is growing rapidly and that the market size is expected to reach $2 trillion by 2028. The uses of stablecoins have expanded into areas such as AI payments and cross-border payments, strengthening their role in the market. The report emphasizes that innovative use cases will drive market growth, signaling that stablecoins will become an important catalyst for the convergence of digital currencies and traditional finance.

World releases MiniKit 2.0 on World Chain, providing a standardized development framework to simplify deployment for cross-platform applications, while remaining compatible with Ethereum EIP-1193. New features support localized payments to shorten transaction confirmation time, improve development efficiency, and allow developers to pay fees on behalf of users. This upgrade enhances user engagement and will be showcased at the EthCC conference.

Gate News message: On April 1, crypto-friendly bank Cross River Bank completed a $50 million funding round, with investment participation from funds under T. Rowe Price and others. The raised funds will be used to accelerate product launches, deepen partner relationships, and expand international business.