The points competition shares a 250,000 USDT reward pool with Outcomes. Funded trading is scheduled to follow after the contest ends.
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The privacy Layer 2 plans hardened developer libraries in early 2027, while its full migration also depends on changes to Ethereum.
The Journal says Nxum earned $6.3 million from the arrangement; a firm representative said Hines received no Tether-derived funds while in government.
Instant settlement, automated coupon payments and collateral that can be re-pledged in DeFi are what separate a tokenized asset from its offchain version.
Depositors face a $100,000 cap per address per coverage period, with payouts handled by Sentora rather than guaranteed by Kraken.
Witt becomes the second executive director of the White House crypto council to leave, following predecessor Bo Hines, who departed for Tether in August 2025.
Gasoline producer prices jumped 20.3% in September, while Polymarket traders put a 72.5% probability on the Fed holding rates at its next meeting.
