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Proxima Fusion bets €140M on a critical fusion ingredient dominated by Asian suppliers

Proxima Fusion is betting on a critical ingredient for its fusion reactors: superconducting tape. Proxima Fusion said Wednesday it plans build a €140 million factory ($162.6M) to produce fusion-grade high-temperature superconducting (HTS) tape, which will provide the startup with key component to its reactor design. The move comes months after Proxima raised €411 million in…

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PYUSDx reaches $100M as M0 CEO explains business stablecoin model

PayPal, M0, and MoonPay have publicly launched PYUSDx after three products processed about $100 million through the business stablecoin platform. Summary PYUSDx lets businesses issue programmable tokens backed one-to-one by PayPal USD. Saturn, Concrete, and Cap have processed about $100 million across three live products. Businesses can control token policies and allocate revenue generated by…

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