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Blockchain & Web3 Weekly Bytes Edition #76
🏛 Wyoming Stablecoin, Kraken ETH Staking, USDC Record Highs
Aug 23, 2025
Hello Blockchain Enthusiast,
Welcome to Edition #76 of Blockchain & Web3 Weekly Bytes. Wyoming introduced the first state-backed stablecoin on seven blockchains. Kraken enhanced Ethereum staking with distributed validator technology. Goldman Sachs expects stablecoins to reach trillions in market size while USDC reserves at major exchanges hit all-time highs. Our tech spotlight features Digital Asset Treasuries as they move from trials to adoption.
TLDR – This Week at a Glance:
• Wyoming state stablecoin live
• Kraken DVT staking upgrade
• USDC record reserves with DAT spotlight
• Affiliate Resource: Certified Web3 Blockchain Developer from 101 Blockchains — a structured program on smart contracts, dApps, and Web3 skills. Check it out here.
🧠 Weekly Trivia
Which blockchain recently crossed 1 billion lifetime transactions processed, marking a major throughput milestone in 2025?
A) Avalanche
B) Solana
C) Polygon
D) Arbitrum
*Answer revealed at the end 👇
📰 This Week’s Blockchain and Web3 Highlights
Wyoming launches Frontier Stable Token: The state-backed stablecoin went live on seven blockchains, designed for retail and enterprise use.
Kraken deploys distributed validator tech: The exchange adopted SSV Network’s infrastructure to improve uptime and reduce Ethereum staking risks.
Goldman Sachs sees stablecoin growth ahead: The firm’s CIO forecasts a 28% annualized return over 10 years with declining volatility and strong ETF adoption.
Bitwise outlines bitcoin’s decade outlook: The firm’s CIO forecasts a 28% annualized return over 10 years with declining volatility and strong ETF adoption.
DBS Bank tokenizes structured notes: Singapore’s largest bank issued tokenized notes on Ethereum, expanding its digital asset product line.
American Innovation Project launches in DC: Backed by Coinbase, Uniswap, and others, the nonprofit aims to educate U.S. lawmakers on crypto policy.
CFTC expands crypto review: The regulator’s new phase widens to custody, leveraged trading, and consumer protections, with feedback open until October 20.
🔦 Tech Spotlight: Digital Asset Treasuries Go Live
Treasury management is moving on-chain. Digital Asset Treasuries (DAT) bring stablecoins and tokenized assets into structured portfolios managed directly on blockchains.
• What they are – Portfolios of tokenized instruments such as stablecoins, treasuries, or structured notes that organizations hold on-chain.
• Why it matters – They increase transparency, make audits faster, and enable settlement within minutes instead of days.
• Who’s using them – DBS and Franklin Templeton have introduced tokenized notes and treasury funds, signaling growing adoption.
• Where it’s headed – As treasurers demand liquidity and clarity, tokenized reserves are starting to appear on balance sheets.
Takeaway: DATs are moving from pilot projects into practical use for institutions and corporates.
📊 Chart of the Week: Tier-1 Exchanges Hold Record USDC
USDC balances at leading exchanges such as Coinbase and Kraken have surged past $12 billion, setting a new all-time high. The sharp inflows suggest platforms are preparing for heavier liquidity needs, increased institutional demand, or capital positioning for tokenized products.
Source: CryptoQuant
😂 A Little Blockchain Humor Break 🤣
Source: Naiive
That wraps up Edition #76 of Blockchain & Web3 Weekly Bytes. We covered Wyoming’s state-backed stablecoin, Kraken’s validator upgrade, Goldman’s stablecoin forecast, USDC record balances, and the growing role of Digital Asset Treasuries.
✅ Trivia Answer: B) Solana
Solana became the first among these chains to cross 1 billion lifetime transactions in 2025, a milestone that highlights its high throughput capacity.
See you next Saturday for more updates from Blockchain and Web3 Insights.
Thank you,
Ajay Tomar
Founder & Creator
Blockchain and Web3 Insights LLC
🌐 blockchainweb3insights.com
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