PANews reported on July 15 that Ethereum co-founder Vitalik Buterin wrote on the X platform that the best way to build an L2 network is to make full use ofPANews reported on July 15 that Ethereum co-founder Vitalik Buterin wrote on the X platform that the best way to build an L2 network is to make full use of

Vitalik: The best way to build L2 is to make full use of the characteristics of L1 and simplify its own logic

2025/07/15 17:40

PANews reported on July 15 that Ethereum co-founder Vitalik Buterin wrote on the X platform that the best way to build an L2 network is to make full use of the various features provided by L1 (such as security, anti-censorship, proof mechanism, data availability, etc.), while simplifying its own logic to only serve as a sequencer and prover above the core execution layer (if the sorting function is not required, it will only serve as a prover). This model that combines minimized trust and high efficiency is exactly what the enterprise blockchain team pursued in the 2010s but never achieved. Today, with the help of the Ethereum L2 network, this goal has been achieved. Moreover, we have seen many successful cases that when problems arise in the L2 network, the characteristics of the L1 network can protect the rights and interests of users.

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MoneyGram launches stablecoin-powered app in Colombia

MoneyGram launches stablecoin-powered app in Colombia

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia
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BitcoinEthereumNews2025/09/18 07:04