A new stablecoin settlement system addresses the problem where $1 doesn't always equal $1 in cross-chain transactions.​

The Problem:

• Cross-chain spreads create value loss
• Fragmented liquidity across networks
• Unpredictable routing costs

The Solution - Stablecoin 1:1:

• Maintains 1:1 peg within defined parameters
• Pass-through pricing when outside guardrails
• Transparent fee structure
• Eliminates hidden spreads

This approach aims to give businesses more predictable settlement outcomes when moving stablecoins between different blockchain networks.​

The Cari Network, developed alongside five major U.​S.​ regional banks (Huntington, First Horizon, M&T Bank, KeyBank, and Old National), has launched a platform for tokenized deposits powered by ZKsync's Prividium infrastructure.​

Key distinctions:

• Tokenized deposits are direct bank liabilities integrated with core banking systems and eligible for FDIC insurance
• Not stablecoins - they represent real bank deposits brought onchain
• The five participating banks collectively hold $8.​3 trillion in assets

Technical foundation:

• Runs on Prividium, ZKsync's L2 designed specifically for financial institutions
• Enables private, compliant blockchain infrastructure while anchoring settlement security to Ethereum
• Combines blockchain speed and programmability with existing banking regulatory frameworks

Use cases enabled:

• Real-time cross-border payments with ~1 second settlement
• Corporate treasury automation with programmable workflows
• Intraday repo and secured financing with instant collateral settlement

The network aims to help American banks stay competitive in the digital assets economy while operating within regulatory perimeters.​ Gene Ludwig, CEO of Cari Network and former 27th Comptroller of the Currency, presented the launch at the DC Blockchain Summit.​

Read more about Cari Network

Stambouli, founder of O1 Exchange, has shared insights about his experience building on Base, Ethereum's Layer 2 network.​

Key Points:

• O1 Exchange is being developed on Base infrastructure
• The founder provided firsthand perspective on the development process
• Base continues to attract builders in the Ethereum ecosystem

This follows O1 Exchange's previous announcement in February 2025 about building on both Ethereum and Base networks.​ The project represents ongoing developer activity on Coinbase's Layer 2 solution.​