Cryptocurrency, Blockchain, and Fintech News Headlines Update on December 24, 2020

Curve Finance announces to launch liquidity pool for switching between the Stasis Euro (EURS) stablecoin and a synthetic euro, sEUR, on the Synthetix derivatives platform, as a secondary currency option to promote alternative fiat euro stablecoins in DeFi, allows European and Asian users to avoid U.S. dollar exposure.

Perpetual Protocol launches, crossed $500,000 open interest (OI) cap for decentralized perpetual contracts amid BTC all-time high, happen less than 24 hours after the mainnet launch of the service on Wednesday. The project has decided to double OI limit to $1 million and the personal position cap for Bitcoin (BTC) and Ether (ETH) trading pairs.

The Graph Network launched mainnet on Dec. 17, allowing developers to easily search, index, use and publish blockchain data through a global and open network of Application Programming Interfaces, or APIs, called subgraphs, reduce development time of decentralized applications from months to days. Read more at The Graph Blog > The Graph Network Launches its Mainnet

Compound Finance announces to launch Compound Chain in 2021, a centralized interoperability blockchain network aimed at providing cross-chain value transfer capability. DeFi community raises centralization concerns associated with the project. Read more at Compound Chain White Paper

Fusion Bank has announced the full public launch of virtual banking services and foreign exchange services (HKD, CNY, and USD) in Hong Kong, allows customers to bind bank accounts to WeChat Pay HK for use in Hong Kong, China and Macau. During a promotional period until 1 February 2021, Fusion Bank is offering 40,000 customers 5% p.a. in interest for the first three-month HKD time deposit, capped at HKD 38,000. Read more at Fusion Bank News > Fusion Bank Announces Full Public Launch