THAT Weekly Digest 34

Welcome back to another week of the THAT Weekly Digest.
This week, we’re sharing the latest on our Apple submission progress, highlighting industry news, and more. Let’s dive in.

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App Store Submission Update

We’ve received more communication from Apple regarding our submission, specifically around our availability in the UK. Approval in this region has been paused due to concerns linked to the FCA (Financial Conduct Authority) guidelines.

While our app functions fully within compliance, we’re finding that decentralised projects like THAT don’t always fit neatly within traditional app categories—something we’ve been actively working to explain in our ongoing conversations with Apple. To help tackle this, we’ve sought legal advice and regulatory guidance to better align our submission with regional expectations.

We’ve also been in close contact with the team at 1inch, who are facing similar challenges. We’ve also connected with other teams navigating similar hurdles—like 1inch, who recently removed swap functionality in the US to meet local requirements.

We didn’t anticipate the process taking this long, and unfortunately, some elements are outside of our control. In the meantime, we’ve taken the opportunity to strengthen the app itself, upgrading to Swift 6 to future-proof performance and ensure smooth compatibility with upcoming Apple updates.

We remain confident in the road ahead and will continue to keep you informed as we move closer to launch.

Industry News

• Uber CEO hints at potential crypto integration — the company is considering accepting stablecoins as payment, but no firm commitments have been made yet.
• Circle becomes the first major stablecoin company to go public in the US, now trading under “CRCL” on the NYSE after aiming to raise over $1B through its IPO.
• ANZ successfully pilots a cross-border blockchain transaction using a CBDC and AUD-pegged stablecoin, in partnership with Visa and Chainlink.
• This week’s CMC Fear & Greed Index sits at 54 (Neutral), up from 46 last week, signalling a shift toward increased market confidence.

Stay Informed

Stay up to date with the latest developments by following THAT on social media; X & Instagram.

Missed an earlier edition of the THAT Weekly Digest? No problem! Visit our website, head to Blog > Newsletter, and catch up on all the latest updates!

As always, we’ll see you next week!