The combined company will fold RockawayX’s infrastructure, liquidity, and asset management units into Solmate.
Solmate to Buy RockawayX in All-Stock Deal to Build $2B Institutional Solana Giant
The combined company will fold RockawayX's infrastructure, liquidity, and asset management units into Solmate.
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Layer-1 blockchain Canto has been offline since Saturday following a "consensus issue." The CANTO token initially dropped by 21% before recovering over the course of the weekend.
The company, known for its $140 billion U.S. dollar stablecoin USDT, has made significant efforts to expand beyond its stablecoin operations this year.
The stablecoin giant saw sharp growth in its USDT token's supply, and was one of the world's largest U.S. government debt holder with $141 billion Treasury exposure.
The AI firm is targeting a valuation of over $35 billion, according to the report.