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Fontainebleau Miami Beach Borrows $975 Million in Bond Market

(Bloomberg) -- Luxury hotel Fontainebleau Miami Beach sold a $975 million commercial mortgage-backed security to refinance debt.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe CMBS is part of a broader $1.2 billion debt package that includes a mezzanine loan of as mu

This Week In Crypto: Ripple’s Stablecoin, Cardano’s GameFi Push, Solana ETFs, Missouri’s CBDC Ban & More

Ripple is planning to launch its new RLUSD stablecoin, once approved by the NYDFS, while the XRP Ledger slashed activation costs, sparking a surge in new users. Cardano makes waves in the gamefi world with its Hydra Doom Tournament, and Solana sees growing institutional interest as Grayscale officially files for a spot ETF. Meanwhile, Missouri’s Senate introduces a bill to ban CBDCs as legal tender, adding to the ongoing debate on digital currencies.