Obok Casmir

The company is committed to providing open-source, modular, and scalable development libraries, with features that are expected to work well alongside AI agents to enhance its versatility.

The lawsuit is the latest chapter in the bitter fallout from the collapse of FTX, once a $32 billion cryptocurrency exchange that collapsed in 2022.

The rally has been fueled by anticipation that Trump’s administration will be more supportive of the crypto industry, signaling an end to the increased regulatory scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler, who Trump has suggested he would replace.

The new stablecoin also has Southeast Asia’s largest bank, DBS Bank, as its primary banking partner, providing cash management and custody services for USDG reserves.