The ‘vanilla’ appeal of USDC

More: Tencent’s Pony Ma unhappy with China’s zero-Covid policy; Zilingo’s global head for public relations and communications steps down. [Read from your browser]( Daily Newsletter Hello {NAME} Did I blink for too long? It certainly feels like I did because I looked away for a minute, and algorithmic stablecoins, TerraUSD (UST) in particular, [was out of fashion and favor](. Being a crypto greenhorn, I was still getting used to ideas of celestial-kind names like Terra and Luna being used for currencies. If you are wondering what comes next in the sector, today’s premium story is specially for you. This deep dive charts the ascent of the USD Coin (USDC), a stablecoin that customers of three major fintech giants can now use. Talking about all things money, if you are fundraising or know someone who is, [fill out this form]( and we’ll help you spread the word. Today we look at: - USDC, [the new face of crypto payments]( - Rebel Foods is taking India’s Smoor to chocolate enthusiasts in Southeast Asia - Other newsy highlights such as Tencent’s Pony Ma expressing frustration over China’s zero-Covid policy and Zilingo’s global head for public relations and communications stepping down. -- Nikita --------------------------------------------------------------- THE BIG STORY [Indonesia’s Zenius lays off 200+ employees]( Two affected employees say that the edtech startup's content team is particularly impacted. --------------------------------------------------------------- TECH IN ASIA SCHOOL First-time founders have repeatedly stressed the importance of raising funds and talked about the anxiety involved in the process, particularly in the current economic climate. That's why Tech in Asia School's inaugural four-week online Fundraising Program is designed to help early-stage founders sharpen their pitch, master the fundraising process, and build investor connections. Learn best practices and get feedback from one of the most qualified founders in the region, Ula founder and CEO [Nipun Mehra](. With Ula, Mehra has raised over US$140 million in just two years, including a [US$87 million series B round]( last year. Before Ula, Mehra was a venture investor at Sequoia Capital. As a lecturer, Mehra will bring both his experience as a founder and an investor to help you cut through the fundraising noise. Interested? Slots are limited, so [submit your application by June 5]( --------------------------------------------------------------- TRENDING NEWS [Hong Kong logistics firm raises pre-series A money]( Spaceship has raised US$6 million in funding to date. [Oyo reportedly eyeing IPO after September, may slash valuation to at least $7b]( The firm chose to delay its IPO until its financial performance improves and to dodge market volatility, The Economic Times reported. [Airbnb to exit China, lay off 60 workers]( While the company will be laying off some of its workers, it will keep 150 staff members for a new China outbound office, Pandaily reported. [Tiger Global, Gojek VC arm back Indonesian jobs platform]( KitaLulus facilitates around 2 million job applications every month from a million active users. [SG pharmacy platform gets $27m in Bill Gates-backed round]( SwipeRx, formerly known as mClinica Pharmacy Solutions, provides digital tools to 235,000 pharmacy professionals and 45,000 pharmacies across the region. [Didi shareholders vote to delist from NYSE]( The ride-hailing firm said it was necessary to better cooperate with a cybersecurity review by Chinese regulatory authorities, TechNode reported. --------------------------------------------------------------- EVENTS HAPPENING You can also check out a curated list of trending tech events [over here](. - *Free Event* Tech in Asia's Product Development Conference on June 8-9 The countdown begins - we're two weeks away from our flagship Product Development Conference! Join 5,000+ product professionals and enthusiats, including 20+ notable speakers from Atlassian, Carousell, GoTo Financial, Slack, Stripe, Traveloka, Xendit and more. [Get your free ticket]( only while it lasts! - *Free Event* How to build engaging real-time virtual experience for your products on May 25th The concept of Virtual Spaces has never been more appealing than in today’s pandemic-induced reality, where people are looking for engaging, real-time virtual experiences. Learn more about Virtual Spaces, its rising importance, and how you can build a great virtual experience for your customers in this upcoming event, hosted in collaboration with PubNub. Attendance is complimentary. [Save your seat today]( - *Free Event* Deliver secure, seamless experiences with Auth0 customer identity & access management on May 27th Customer experience is the new competitive battleground for businesses. Companies poised to succeed are those who are best-equipped to balance user convenience, security, and privacy. On May 27, join us in this webinar with Auth0 to learn the importance of having an advanced customer identity experience and how it can help increase conversion rates for your business. Attendance is complimentary! [Save your seat here]( --------------------------------------------------------------- WHO'S HIRING You can post a job [here]( or search for jobs [here](. - [Data Engineer]( at Mekari Jakarta, Indonesia - [ETL Developer]( at Avows Technologies Jakarta, Indonesia - [Operations Excellency Manager, COO Office]( at SwipeRx Jakarta, Indonesia - [Head of Business Intelligence]( at Youtap Indonesia Jakarta, Indonesia - [Android Developer]( at TADA Jakarta, Indonesia - [Head of Engineering]( at HALOFUDI Jakarta, Indonesia [ADVERTISE]( | [SUBSCRIBE]( P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Too many emails? Switch to a different frequency or get new content through our [preference center]( or [unsubscribe](. 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