MEXC On-chain Daily Report： Visa-led consortium reportedly to launch Open USD (OUSD) stablecoin

Updated: July 1 2026, 09:30 (UTC+8) | Author: MEXC

Headlines

• Visa-led consortium reportedly to launch Open USD (OUSD) stablecoin

• SEC launches ETF rule review focusing on crypto funds

• MetaMask introduces self-custodial Money Account

• Ondo integrates with Uniswap to support on-chain stock trading

• Hong Kong advances broader DLT adoption in digital asset markets

Industry Updates

Theo Invests $20 Million in Fidelity International's Tokenized USD Liquidity Fund FILQ

According to Cointelegraph, on-chain capital markets platform Theo invested $20 million into Fidelity International's tokenized U.S. dollar liquidity fund (FILQ) through Swiss-regulated digital asset bank Sygnum, becoming the first crypto-native platform to participate in the fund. FILQ is issued via Sygnum's Desygnate platform, carries Moody's highest Aaa-mf money market fund rating, and primarily invests in highly rated short-term money market instruments. According to RWA.xyz, FILQ currently manages approximately $55.1 million in on-chain assets, making Theo's investment nearly one-third of the fund's size. Meanwhile, the tokenized U.S. Treasury market has expanded from $6.9 billion to $14.6 billion over the past year, reflecting continued institutional demand for RWA products.

Circle Shares Fall Over 16% Following Open USD Launch as Analysts Call Market Reaction Overdone

According to Odaily, Circle shares declined more than 16% after Open Standard announced the launch of Open USD (OUSD). Backed by over 140 companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase, OUSD sparked investor concerns about increased competition for USDC. However, analysts at William Blair maintained an "Outperform" rating on Circle, arguing that the selloff was excessive given Circle's established liquidity network, payment infrastructure, and ecosystem advantages. Circle CEO Jeremy Allaire also welcomed increased industry competition, stating that additional stablecoin offerings would help expand the overall market.

CME to Launch Single-Stock Futures Covering More Than 50 Major U.S. Companies

According to Jin10, CME Group announced plans to launch single-stock futures covering more than 50 leading U.S. companies, including both standard and micro contracts. The rollout will include 55 standard contracts and 22 micro futures contracts covering Alphabet, Amazon, Apple, Meta, NVIDIA, SpaceX, and other major companies. The new products are expected to expand risk management and trading opportunities for institutional and professional investors while broadening access to single-stock derivatives for leading technology companies.

AI Chip Startup Etched Raises $800 Million Backed by Jane Street and TSMC-Related VC

According to Bloomberg, AI chip startup Etched completed an approximately $800 million funding round backed by Jane Street and a venture capital firm affiliated with TSMC. Founded in 2022, the company focuses on AI inference chips and low-power computing architectures as a potential competitor to NVIDIA. Etched has reportedly secured around $1 billion in sales commitments and plans to begin customer deliveries this summer. The financing will accelerate production and commercialization while highlighting continued investor enthusiasm for AI computing hardware.

Grayscale: Solana Ecosystem Now Supports Over 1,000 Applications

According to Odaily, Grayscale Head of Research Zach Pandl stated that the Solana ecosystem now hosts more than 1,000 decentralized applications spanning DeFi, social platforms, DePIN, and other sectors. Solana has averaged over 100 million daily transactions and approximately 4.3 million daily active addresses this year, while cumulative DEX trading volume has exceeded $360 billion. Grayscale highlighted Raydium, Geodnet, and the popular application shturl.c as major contributors to ecosystem growth, reinforcing SOL as a key asset for investors seeking exposure to Solana's expanding ecosystem.

KKR-Backed Helix Enters AI Data Center Investment Market

According to The Information, KKR-backed AI infrastructure company Helix Infrastructure Partners officially entered the AI data center investment sector through acquisitions of established data center developers. Led by former AWS executive Adam Selipsky and supported by NVIDIA and other strategic investors, the company aims to accelerate hyperscale AI infrastructure deployment by consolidating existing assets. Industry observers believe data center consolidation will become an increasingly important trend as AI computing demand continues to surge.

Amazon Commits $1 Billion to New AI Agent Deployment Organization

According to TechCrunch, Amazon Web Services announced a roughly $1 billion investment to establish its new Forward-Deployed Engineers (FDE) organization, dedicated to helping enterprise customers deploy AI Agent systems. The new team will provide customized engineering support and long-term implementation frameworks for enterprise AI adoption. Similar initiatives by OpenAI and Anthropic indicate that enterprise AI Agent deployment is becoming a major competitive focus across the technology industry.

shturl.c Ends Support for New Tokenized Agent Issuance

According to Odaily, shturl.c announced that it will discontinue support for issuing new Tokenized Agents, although previously issued tokens will remain unaffected. The platform said future development will prioritize improving trading experiences for general users while optimizing token issuance and listing workflows instead of expanding Tokenized Agent functionality. The move reflects a broader shift among meme token launch platforms toward usability and trading efficiency.

Sovright Launches Argos Wallet Recovery Tool for Early Zcash Users

According to The Block, Sovright officially launched the Argos wallet recovery tool to help early Zcash users regain access to wallets affected after ZEC Wallet Lite was discontinued in 2022. Users who still possess their original recovery phrases can restore their funds through the new tool. The team also plans to continue investing in private mining pools and wallet infrastructure to improve long-term usability and network reliability across the Zcash ecosystem.

MEXC Market Heatmap

Data Source: Real-time MEXC market data as of 09:30 (UTC+8). Figures are subject to change with market conditions.

Top 24H Gainers

• CS/USDT (+432.63%)

• AI/USDT(+14.35%)

• KAZAR/USDT (+13.08%)

Top 24H Trading Volume

• BTC/USDT (744.112M)

• ETH/USDT (214.386M)

• USDC/USDT (85.834M)

Trending Meme Tokens

• FLORK/USDT

• SOLANGELES/USDT

• DJI6930/USDT

On-Chain Calendar

High-Risk Token Unlocks

• MemeCore/USDT — Jul. 3, 02:41 (UTC+8): 167.21M tokens unlocked (4.28% of circulating supply), elevated short-term selling pressure.

• Pump/USDT — Jul. 12, 15:41 (UTC+8): 140.11M tokens unlocked (25.6% of circulating supply), extremely high short-term selling pressure.

Key Macro Events

• Jul. 1, 01:30 (UTC+8): Brazil Employment Data — Signals regional economic conditions and may influence capital flows into emerging-market crypto assets.

• Jul. 1, 17:30 (UTC+8): U.S. Challenger Job Cuts — Provides insight into labor market conditions and Federal Reserve rate expectations.

• Jul. 1, 20:15 (UTC+8): U.S. ADP Employment Report — A key indicator of labor market strength with potential implications for Fed policy.

• Jul. 1, 21:00 (UTC+8): Federal Reserve Governor Waller Speech — May provide guidance on future U.S. monetary policy.

• Jul. 1, 22:00 (UTC+8): ECB President Christine Lagarde Speech — Could influence eurozone monetary policy expectations and global crypto liquidity.

Security Alert

Recent reports have identified multiple fake "official app" scams targeting crypto users. Fraudsters impersonate exchanges and Web3 platforms by distributing counterfeit "official apps," beta clients, or exclusive installation packages through social media, messaging groups, QR codes, and third-party websites. Once users install these applications and log into accounts, import wallets, or initiate transfers, their account credentials, recovery phrases, and digital assets may be stolen. Some fraudulent apps closely replicate official interfaces, making them difficult to distinguish from legitimate software. Users are strongly advised to download exchange and wallet applications only from official websites, verified app stores, or official announcements. Avoid installing applications from unofficial links, QR codes, or third-party sources to reduce the risk of asset theft.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.