Token Events

Gate News message: On April 9, the quant yield protocol Axis announced the launch of a synthetic U.S. dollar USDx and completed its first minting, with a size of 10 million US dollars. It is currently in a private testing phase. After minting is completed, USDx will be deployed to Axis’s market-neutral arbitrage engine, covering more than 40 trading venues, to provide liquidity and capture opportunities from market price spreads.

Polymarket is launching a new collateral token, Polymarket USD, replacing USDC.e to enhance transaction speed and reduce costs amidst regulatory challenges. The upgrade includes the CTF Exchange V2 for improved order matching and anticipates a potential POLY token introduction.

Pi Network recently launched a token distribution test for the Pi Launchpad. More than 300k users participated, staking 24 million Test-Pi. The core architecture “12 Grid” enables end-to-end token delivery, and all transactions are publicly verifiable. This test confirmed the system’s feasibility and paved the way for a future official launch. The upgrade roadmap includes the PiRC1 framework and Protocol 23, which will be rolled out in April and May, respectively.

SBI Ripple Asia launched an XRP Ledger platform enabling regulated prepaid tokens under Japan’s legal framework. APIs integrate blockchain with existing apps, allowing seamless token use without redesigning user interfaces. Platform targets real-world payments, offering fast, low-cost

Gate News, April 9 — Jupiter officially announced that ASR rewards for Q1 2026 are now open for applications. The total reward pool is 50 million JUP.

Gate News message, April 9, Global Dollar and Paxos decided to increase their USDG stablecoin incentives deployed on Pendle from the initial $150k to $390k, until the market maturity date. Pendle will also continue to provide PENDLE rewards of up to 30% for this market. Previously, Pendle’s USDG

In March, cryptocurrency card transaction volumes reached $600 million, up more than threefold year over year, indicating its growing adoption in digital payments. The market share of USDT has gradually been shrinking, while USDC continues to rise in regulated markets such as North America and Europe. Tether plans to launch a U.S. compliant stablecoin to counter USDC’s expansion; going forward, the market landscape will keep changing.

Techno Revenant staked HYPE for 6 months to earn 2.4 million HYPE, worth $93.7 million, but it’s still unclear whether he will sell or restake. Earlier, he profited about $250 million by investing in the Trump family project WLFI.

Gate News message, on April 8, Jupiter officially announced that starting April 9, the 2026 first-quarter Active Stake Rewards (ASR) are now open for applications. This round will distribute 50 million JUP to eligible stakers, and the application deadline is July 8, 2026.

BlackRock’s iShares Staked Ethereum Trust launched in March under its brand, with a management fee of 0.25% and a staking-reward commission of 18%. Industry insiders believe the commission includes multiple costs, and it may decrease in the future. Some people question whether such a high fee is justified, especially when comparing it to staking rates for retail investors.

World Liberty Financial borrowed more than $50 million in stablecoins on the Dolomite platform in the short term, drawing attention from the DeFi market. WLFI deposited large amounts of governance tokens as collateral, causing the liquidity pool utilization rate to exceed 100%, leaving liquidity nearly exhausted and pushing interest rates sharply higher. Analysis suggests this move could be intended to meet liquidity demand or to increase on-chain activity; investors should carefully assess the risks.

Gate News message, on April 8, a CEX founder recalled in a new book that from the very beginning, the exchange’s token was positioned as being bigger than the exchange itself. In the white paper, it states: The token does not represent equity. As a utility token, holders can enjoy trading fee discounts, and the token’s use cases will not be limited to the exchange; in the future, it will also expand into blockchain and the DeFi ecosystem.

Cardano launches the Orion Fund in 2026, releasing 50 million ADA and shifting to an investment-driven expansion strategy. The fund size is $80 million, with the goal of activating Bitcoin liquidity, and the overall ecosystem expansion relies on the DeFi sector. At the same time, Cardano’s on-chain TVL target is $3 billion; stablecoin liquidity and real demand are key challenges.

Gate News message. On April 8, the Perle Foundation reminds that the PRL airdrop claim website will close at 19:00 Beijing time today, with less than 6 hours remaining before the airdrop claim deadline.

Gate News update, April 8, Lighter officially posted on the X platform saying that since the TGE (token generation event), the project team has repurchased 10 million LIT tokens, accounting for 4% of the current circulating supply.

Stablecoins are undergoing an evolution into a foundational financial infrastructure. North America leads in development, focusing on regulated, compliant options. The market shows a shift with RLUSD gaining traction due to integration with Ripple, emphasizing real demand over exchange liquidity.