dvp

ChainCatcher news, Cosmos announced on social media that the stablecoin-driven DvP (Delivery versus Payment) settlement project ------ Project Trinity, initiated by financial institutions including Sumitomo Mitsui Banking Corporation (SMBC), Progmat, Boostry, and Datachain, has officially launched, with TOKI participating as a technical partner.The project aims to utilize the IBC protocol and LCP technology to achieve cross-chain atomic swaps between stablecoins and security tokens, covering blockchain platforms such as Avalanche and Quorum.Currently, the Japanese stablecoin market is rapidly developing following the update of the Payment Services Act, which allows for the compliant issuance of stablecoins, promoting more efficient and secure financial transaction settlements. The security token market is also continuously expanding, with issuance exceeding 193.8 billion yen (approximately 1.3 billion USD) by the end of July 2025.Project Trinity plans to ultimately achieve near 24/7 real-time settlement, reducing counterparty risk and synchronization risk, and assisting in the upgrade of Japan's secondary market infrastructure.In addition, TOKI will provide cross-chain messaging and middleware support at the technical level to ensure the security and efficiency of the settlement system.

ChainCatcher message, Coinbase Assets stated on platform X that all DYP holders on Coinbase need to take action: Dypius (DYP) is migrating to DYP V2. The migration bridge will close on January 8, 2025, at 19:00 Beijing time. Coinbase will not support DVP V2. Coinbase will suspend trading of Dypius (DYP) around January 18, 2025, at 03:00 Beijing time. All customers wishing to convert to DYP V2 must complete the conversion before the deadline of January 8, 2025, at 19:00 Beijing time. If users still hold DYP and wish to convert to DYP V2, they will need to use the DYP migration portal and a compatible self-custody wallet for the conversion.