Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, RWA protocol stUSDT is winding down operations, ending yield payments and giving tokenholders until May 2027 to redeem their assets. MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem, while OpenAI launched AI payments in ChatGPT.

Real-world asset (RWA) protocol stUSDT has begun winding down operations, nearly three years after reaching a $2.3 billion total value locked (TVL), ending rewards and opening a six-month redemption window for tokenholders. 

The team said that interest accrual on stUSDT ended on Saturday, with holders of stUSDT and its wrapped version, wstUSDT, able to redeem through its official portal until May 14, 2027. The team said requests submitted after the deadline will be handled through customer support in monthly batches through August 2027.

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