Monad will launch its Layer 1 blockchain on November 24, appointing Anchorage Digital as the official custodian for the MON token with custody and staking services. The network promises Solana-like speed combined with full Ethereum compatibility.

Tether announces its new U.S. stablecoin USAT, led by CEO Bo Hines, supported by Anchorage Digital and Cantor Fitzgerald. This move follows the Genius Act regulating stablecoins and targets use cases like remittances and online payments.