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StablecoinRevolution
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BREAKING: #Ripple is nearing the launch of its USD-pegged stablecoin, according to CEO Brad Garlinghouse. From its secure and fast transactions to its widespread adoption, the utility of $XRP is driving my bullish outlook on the future of finance. #UtilityToken #StablecoinRevolution
BREAKING: #Ripple is nearing the launch of its USD-pegged stablecoin, according to CEO Brad Garlinghouse.
From its secure and fast transactions to its widespread adoption, the utility of $XRP is driving my bullish outlook on the future of finance.
#UtilityToken #StablecoinRevolution
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Bullish
Ripple is stepping up its game in the crypto space with the launch of its very own stablecoin, marking a bold move beyond $XRP . This new token is 100% backed by U.S. dollar deposits, short-term U.S. government Treasuries, and other cash equivalents, ensuring solid stability. Ripple’s entry into the stablecoin market positions it as a formidable challenger to giants like Tether and USDC. With this move, Ripple is not just expanding its ecosystem—it's reshaping the landscape of digital finance. Get ready for the future of stablecoins with Ripple at the helm! #Binance #Write2Earn! #Ripple #StablecoinRevolution #cryptoinnovation $XRP {spot}(XRPUSDT)
Ripple is stepping up its game in the crypto space with the launch of its very own stablecoin, marking a bold move beyond $XRP . This new token is 100% backed by U.S. dollar deposits, short-term U.S. government Treasuries, and other cash equivalents, ensuring solid stability. Ripple’s entry into the stablecoin market positions it as a formidable challenger to giants like Tether and USDC. With this move, Ripple is not just expanding its ecosystem—it's reshaping the landscape of digital finance. Get ready for the future of stablecoins with Ripple at the helm!

#Binance #Write2Earn! #Ripple #StablecoinRevolution #cryptoinnovation $XRP
Shift in Stablecoin Landscape: USDC Takes Lead in Transactions Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time. However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million. $USDC $USDT #StablecoinRevolution
Shift in Stablecoin Landscape: USDC Takes Lead in Transactions

Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time.

However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million.

$USDC $USDT #StablecoinRevolution
🌟 Unleash the power of financial transformation with #BinanceFDUSD! 🚀📈 Say goodbye to market fluctuations and welcome a new era of stability and growth. 🌱💰 Trade with confidence as you navigate the world of decentralized stablecoins, securing your financial future like never before. Join the revolution that's shaping the future of finance, and be part of the movement that's redefining possibilities. 💎🔥 Don't wait to experience the potential – seize it now and embark on a journey towards unprecedented financial freedom. 💪🌐 #CryptoInnovation #StablecoinRevolution #InvestWisely #BinanceBrilliance #SecureYourFuture
🌟 Unleash the power of financial transformation with #BinanceFDUSD! 🚀📈

Say goodbye to market fluctuations and welcome a new era of stability and growth. 🌱💰 Trade with confidence as you navigate the world of decentralized stablecoins, securing your financial future like never before. Join the revolution that's shaping the future of finance, and be part of the movement that's redefining possibilities. 💎🔥 Don't wait to experience the potential – seize it now and embark on a journey towards unprecedented financial freedom. 💪🌐

#CryptoInnovation #StablecoinRevolution #InvestWisely #BinanceBrilliance #SecureYourFuture
WHY USDT AND TON PARTNERSHIP IS SO BULLISH? 🔥🤔👇 Tether (USDT) has recently started a partnership with the TON Foundation that includes the creation and injection of $60 million worth of USDT into the TON blockchain. Basically this partnership will make it easier for people who wants to use USDT for cross border payments (e.g. through telegram). This Tether's expansion to different blockchains will also reduce fees. In fact, when Tether is too concentrated on a single blockchain, like Ethereum, the high demand can lead to increased network congestion and thus to higher transaction fees. Instead, if you spread/integrate USDT across many blockchains, you alleviate the pressure on the single blockchain and thus reducing transactions fees for users! In my opinion, the Tether's move, outlines its dedication to deliver utility to its stablecoin. Overall, I find this partnership bullish because it promotes adoption (increased demand for the stablecoin), liquidity (more trading volume and market activity) and commitment to innovation (more confidence among investors and users, thus better positive market sentiment)! STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝 #TetherUpdate #CryptoNewsFlash #StablecoinRevolution
WHY USDT AND TON PARTNERSHIP IS SO BULLISH? 🔥🤔👇

Tether (USDT) has recently started a partnership with the TON Foundation that includes the creation and injection of $60 million worth of USDT into the TON blockchain. Basically this partnership will make it easier for people who wants to use USDT for cross border payments (e.g. through telegram). This Tether's expansion to different blockchains will also reduce fees. In fact, when Tether is too concentrated on a single blockchain, like Ethereum, the high demand can lead to increased network congestion and thus to higher transaction fees. Instead, if you spread/integrate USDT across many blockchains, you alleviate the pressure on the single blockchain and thus reducing transactions fees for users! In my opinion, the Tether's move, outlines its dedication to deliver utility to its stablecoin. Overall, I find this partnership bullish because it promotes adoption (increased demand for the stablecoin), liquidity (more trading volume and market activity) and commitment to innovation (more confidence among investors and users, thus better positive market sentiment)!

STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝

#TetherUpdate #CryptoNewsFlash #StablecoinRevolution
📈💰 Stablecoin Supply Reaches All-Time High: Bullish Sign for Crypto Market! 🚀🌐 According to CoinDesk, the combined supply of top stablecoins USDT, USDC, and DAI has surged to a record $141.42 billion, marking the highest level since May 2022. This surge indicates a continuous influx of capital into the cryptocurrency market, offering reassurance to Bitcoin bulls amidst recent market fluctuations. 🔍 Key Insights: - Stablecoin Supply Surge: The supply of major stablecoins has soared by over $20 billion this year, reaching unprecedented levels and suggesting sustained capital inflows into crypto. - Positive Market Sign: Reflexivity Research notes that the uptrend in stablecoin supply reflects ongoing liquidity growth, signaling strong demand for cryptocurrencies. This bodes well for Bitcoin's resilience and potential future uptrend. - Market Resilience: Despite recent price fluctuations, indicators like Bitcoin's market value-to-realized value (MVRV) Z-score indicate bullish sentiment, with Bitcoin far from being overbought or near a significant market top. 🔄 Impact on Market Dynamics: - Preferred Trading Method: Stablecoins, led by Tether, have become the primary choice for purchasing cryptocurrencies and trading derivatives, with traders increasingly favoring stablecoin-margined futures over token-margined ones due to their stability and ease of use. - Potential Market Trends: The surge in stablecoin supply suggests continued investor interest in crypto assets, potentially paving the way for sustained market growth and upward price trends. Stay tuned for further updates as the crypto market continues to evolve and adapt to changing dynamics! 📊💡 #CryptoMarkets #StablecoinRevolution #BullishTrends 📈🚀
📈💰 Stablecoin Supply Reaches All-Time High: Bullish Sign for Crypto Market! 🚀🌐

According to CoinDesk, the combined supply of top stablecoins USDT, USDC, and DAI has surged to a record $141.42 billion, marking the highest level since May 2022. This surge indicates a continuous influx of capital into the cryptocurrency market, offering reassurance to Bitcoin bulls amidst recent market fluctuations.

🔍 Key Insights:

- Stablecoin Supply Surge: The supply of major stablecoins has soared by over $20 billion this year, reaching unprecedented levels and suggesting sustained capital inflows into crypto.

- Positive Market Sign: Reflexivity Research notes that the uptrend in stablecoin supply reflects ongoing liquidity growth, signaling strong demand for cryptocurrencies. This bodes well for Bitcoin's resilience and potential future uptrend.

- Market Resilience: Despite recent price fluctuations, indicators like Bitcoin's market value-to-realized value (MVRV) Z-score indicate bullish sentiment, with Bitcoin far from being overbought or near a significant market top.

🔄 Impact on Market Dynamics:

- Preferred Trading Method: Stablecoins, led by Tether, have become the primary choice for purchasing cryptocurrencies and trading derivatives, with traders increasingly favoring stablecoin-margined futures over token-margined ones due to their stability and ease of use.

- Potential Market Trends: The surge in stablecoin supply suggests continued investor interest in crypto assets, potentially paving the way for sustained market growth and upward price trends.

Stay tuned for further updates as the crypto market continues to evolve and adapt to changing dynamics! 📊💡 #CryptoMarkets #StablecoinRevolution #BullishTrends 📈🚀
Shift in Stablecoin Landscape: USDC Takes Lead in Transactions Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time. However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million. $USDC $USDT #StablecoinRevolution
Shift in Stablecoin Landscape: USDC Takes Lead in Transactions

Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time.

However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million.

$USDC $USDT #StablecoinRevolution
DeFi and Stablecoins Could Gain from Fed Rate Cuts In 2024, DeFi products might lure institutions if the Federal Reserve dampens yields in traditional financial products.Fidelity, the asset manager, suggests that an anticipated interest rate cut by the United States Federal Reserve in 2024 could spark renewed institutional interest in decentralized finance (DeFi) and stablecoins, contingent upon further infrastructure development. While Fidelity initially anticipated institutional entry into DeFi for its yields in 2023, Fed rate hikes steered institutions towards traditional fixed-income products perceived as safer.The report acknowledges historical concerns about DeFi platforms, including complex interfaces and susceptibility to hacks. Institutions, in a risk-averse environment, found the mid-single digit returns from DeFi yields too modest for the associated smart contract risks.However, Fidelity projects a potential shift in 2024, envisioning institutions showing renewed interest in DeFi yields if they become more attractive than traditional finance (TradFi) yields and witness the emergence of more developed infrastructure.Furthermore, Fidelity anticipates that corporations may become more open to the idea of incorporating digital assets into their balance sheets. This expectation follows updated rules from the United States Financial Accounting Standards Board, allowing companies to report both paper losses and gains from their crypto holdings.Institutions Eye Stablecoins: Fidelity Forecasts Increased Adoption in 2024Fidelity anticipates that institutional exploration of U.S. dollar-pegged stablecoins will be a significant catalyst for adoption in 2024. The report highlights the potential for traditional finance (TradFi) firms to bring legitimacy to stablecoins, particularly through applications such as settlements. Fidelity identifies payments, remittances, and international trade as the primary sectors poised for increased stablecoin adoption, driven by the demand for faster and more cost-effective payment methods.The report also expresses optimism about regulatory frameworks becoming clearer, providing more certainty in the stablecoin space. Fidelity predicts that Tether (USDT) and USD Coin (USDC) will maintain their positions without losing ground in 2024. The expected continuation of growth in this market is contingent on potential Federal Reserve interest rate cuts, which could further drive traction throughout the year.#DeFiGrowth #StablecoinRevolution

DeFi and Stablecoins Could Gain from Fed Rate Cuts

In 2024, DeFi products might lure institutions if the Federal Reserve dampens yields in traditional financial products.Fidelity, the asset manager, suggests that an anticipated interest rate cut by the United States Federal Reserve in 2024 could spark renewed institutional interest in decentralized finance (DeFi) and stablecoins, contingent upon further infrastructure development. While Fidelity initially anticipated institutional entry into DeFi for its yields in 2023, Fed rate hikes steered institutions towards traditional fixed-income products perceived as safer.The report acknowledges historical concerns about DeFi platforms, including complex interfaces and susceptibility to hacks. Institutions, in a risk-averse environment, found the mid-single digit returns from DeFi yields too modest for the associated smart contract risks.However, Fidelity projects a potential shift in 2024, envisioning institutions showing renewed interest in DeFi yields if they become more attractive than traditional finance (TradFi) yields and witness the emergence of more developed infrastructure.Furthermore, Fidelity anticipates that corporations may become more open to the idea of incorporating digital assets into their balance sheets. This expectation follows updated rules from the United States Financial Accounting Standards Board, allowing companies to report both paper losses and gains from their crypto holdings.Institutions Eye Stablecoins: Fidelity Forecasts Increased Adoption in 2024Fidelity anticipates that institutional exploration of U.S. dollar-pegged stablecoins will be a significant catalyst for adoption in 2024. The report highlights the potential for traditional finance (TradFi) firms to bring legitimacy to stablecoins, particularly through applications such as settlements. Fidelity identifies payments, remittances, and international trade as the primary sectors poised for increased stablecoin adoption, driven by the demand for faster and more cost-effective payment methods.The report also expresses optimism about regulatory frameworks becoming clearer, providing more certainty in the stablecoin space. Fidelity predicts that Tether (USDT) and USD Coin (USDC) will maintain their positions without losing ground in 2024. The expected continuation of growth in this market is contingent on potential Federal Reserve interest rate cuts, which could further drive traction throughout the year.#DeFiGrowth #StablecoinRevolution
Exploring Aqua Protocol: The New Wave in DeFi 🌊 Aqua Protocol 🐟 is a groundbreaking liquidity platform within the TON ecosystem, designed to enhance the DeFi landscape. By leveraging assets from liquid staking protocols, low-risk LP tokens, and Real-World Assets (RWA), Aqua Protocol introduces its proprietary stablecoin, AquaUSD. This stablecoin stands out with a robust backing of over 200% collateral, ensuring stability and trust. Aqua Protocol is more than just a stablecoin issuer; it's a gateway to a myriad of DeFi strategies. It enables users to dive into the DeFi ocean by: - Providing liquidity on stable pairs in DEXs like USDT/AquaUSD 🔄 - Engaging in trading and liquidity provision on platforms like Storm Trade 📈 - Accessing loans and credits through EVAA 💳 - Facilitating seamless payments and much more 💰 Why Choose Aqua Protocol Over Official USDT? 💡 While USDT is a familiar name in the crypto space, Aqua Protocol champions the principles of decentralization and censorship resistance. Unlike USDT, which is under the centralized control of Tether, Aqua Protocol empowers the community by offering decentralized minting and earning opportunities. It's a beacon of financial liberty, inviting broader participation in the DeFi world on $TON. Aqua Protocol isn't just about introducing another stablecoin; it's about nurturing the growth of DeFi enthusiasts. From crypto newcomers to seasoned DeFi users, Aqua Protocol facilitates a seamless transition into more advanced DeFi interactions. The Role of Aqua Protocol in Your Crypto Journey 🚀 Aqua Protocol serves a dual purpose: 1. For AquaUSD Holders: It provides a reliable alternative for storing funds in stablecoins, diversifying beyond USDT, USDC, or DAI. 2. For AquaUSD Minters: It unlocks new avenues for earnings. By minting AquaUSD, users can leverage their TON assets and LP tokens to participate in DeFi activities such as farming, liquidity provision, and trading—all without parting with their precious TON. #DeFiRevolution #StablecoinRevolution #TONValidator #Write&Earn
Exploring Aqua Protocol: The New Wave in DeFi 🌊

Aqua Protocol 🐟 is a groundbreaking liquidity platform within the TON ecosystem, designed to enhance the DeFi landscape. By leveraging assets from liquid staking protocols, low-risk LP tokens, and Real-World Assets (RWA), Aqua Protocol introduces its proprietary stablecoin, AquaUSD. This stablecoin stands out with a robust backing of over 200% collateral, ensuring stability and trust.

Aqua Protocol is more than just a stablecoin issuer; it's a gateway to a myriad of DeFi strategies. It enables users to dive into the DeFi ocean by:

- Providing liquidity on stable pairs in DEXs like USDT/AquaUSD 🔄
- Engaging in trading and liquidity provision on platforms like Storm Trade 📈
- Accessing loans and credits through EVAA 💳
- Facilitating seamless payments and much more 💰

Why Choose Aqua Protocol Over Official USDT? 💡

While USDT is a familiar name in the crypto space, Aqua Protocol champions the principles of decentralization and censorship resistance. Unlike USDT, which is under the centralized control of Tether, Aqua Protocol empowers the community by offering decentralized minting and earning opportunities. It's a beacon of financial liberty, inviting broader participation in the DeFi world on $TON.

Aqua Protocol isn't just about introducing another stablecoin; it's about nurturing the growth of DeFi enthusiasts. From crypto newcomers to seasoned DeFi users, Aqua Protocol facilitates a seamless transition into more advanced DeFi interactions.

The Role of Aqua Protocol in Your Crypto Journey 🚀

Aqua Protocol serves a dual purpose:

1. For AquaUSD Holders: It provides a reliable alternative for storing funds in stablecoins, diversifying beyond USDT, USDC, or DAI.
2. For AquaUSD Minters: It unlocks new avenues for earnings. By minting AquaUSD, users can leverage their TON assets and LP tokens to participate in DeFi activities such as farming, liquidity provision, and trading—all without parting with their precious TON.

#DeFiRevolution #StablecoinRevolution #TONValidator #Write&Earn
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Bearish
🔥🔥🔥 Russia's Digital Ruble: 2024 Rollout Put on Hold 🔥🔥🔥 The Russian Central Bank has recently pumped the brakes on its plan for a nationwide digital ruble rollout in 2024. While the pilot program involving 13 banks and 11 cities continues, the bank emphasizes that activities in 2024 will be limited. Key Takeaways: - Nationwide rollout of the digital ruble delayed until at least 2025. - Pilot program with 13 banks and 11 cities continues. - Expansion of pilot program planned for 2024. - Offline transactions targeted for 2025. Reasons for the Delay: The bank cites several reasons for the delay, including: - Need for further testing and development. - Focus on ensuring the digital ruble's security and stability. - Integration with cross-border digital currencies. What's Next? - The pilot program will be expanded in 2024 to include more banks and cities. - Offline transactions are expected to be enabled in 2025. - Cross-border integration with the digital yuan and other digital currencies is being explored. Impact on the Crypto Market: The delay in the digital ruble rollout may have a dampening effect on the Russian crypto market in the short term. However, the long-term implications remain uncertain. #CryptoNews🔒📰🚫 #NewsAlert #StablecoinRevolution #stablecoin #BinanceSquare
🔥🔥🔥 Russia's Digital Ruble: 2024 Rollout Put on Hold 🔥🔥🔥

The Russian Central Bank has recently pumped the brakes on its plan for a nationwide digital ruble rollout in 2024. While the pilot program involving 13 banks and 11 cities continues, the bank emphasizes that activities in 2024 will be limited.

Key Takeaways:

- Nationwide rollout of the digital ruble delayed until at least 2025.

- Pilot program with 13 banks and 11 cities continues.

- Expansion of pilot program planned for 2024.

- Offline transactions targeted for 2025.

Reasons for the Delay:

The bank cites several reasons for the delay, including:

- Need for further testing and development.

- Focus on ensuring the digital ruble's security and stability.

- Integration with cross-border digital currencies.

What's Next?

- The pilot program will be expanded in 2024 to include more banks and cities.

- Offline transactions are expected to be enabled in 2025.

- Cross-border integration with the digital yuan and other digital currencies is being explored.

Impact on the Crypto Market:

The delay in the digital ruble rollout may have a dampening effect on the Russian crypto market in the short term. However, the long-term implications remain uncertain.

#CryptoNews🔒📰🚫 #NewsAlert #StablecoinRevolution #stablecoin #BinanceSquare
X has obtained a money transmitter license from the state of Utah (US), making it the 15th state to grant X permission to provide money transfer services similar to PayPal or Venmo, following previous licenses in New Hampshire (the first), as well as approvals from Pennsylvania, Arizona, Georgia, Maryland, and Michigan. Elon Musk is preparing to launch X's payment service later this year. $FDUSD $TUSD $USDC #StablecoinRevolution #elonMusk
X has obtained a money transmitter license from the state of Utah (US), making it the 15th state to grant X permission to provide money transfer services similar to PayPal or Venmo, following previous licenses in New Hampshire (the first), as well as approvals from Pennsylvania, Arizona, Georgia, Maryland, and Michigan.

Elon Musk is preparing to launch X's payment service later this year.

$FDUSD $TUSD $USDC
#StablecoinRevolution #elonMusk
Ripple to Issue USD-backed Stablecoin Bringing More Utility and Liquidity to XRP Ledger Ripple,the leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents.These reserve assets will be audited by a third-party accounting firm,and Ripple will publish monthly attestations The stablecoin market is about $150B today, and is forecasted to exceed $2.8 trillion by 2028.There’s clear demand for stablecoins that deliver trust, stability, and utility.To meet this growing demand, Ripple will issue a stablecoin,leveraging its decade-plus of experience building real-world financial solutions for institutions around the world. "This is a natural step for Ripple to continue bridging the gap between traditional finance and crypto,” said Brad Garlinghouse, Ripple CEO. “Institutions entering this space are finding success by partnering with compliant,crypto-native players and Ripple's track record and resiliency speaks for itself,as we launch new products and acquire companies through multiple market cycles.This move is also monumental for the XRP Ledger community,driving more use cases,liquidity and opportunities for developers and users.” At launch,it will be available on the XRP Ledger (XRPL) and Ethereum blockchains,with plans to expand to additional blockchains and DeFi protocols and apps over time. “Issuing our stablecoin on the XRP Ledger and Ethereum will serve as a pivotal entry point to unlock new opportunities for institutional and DeFi use cases across multiple ecosystems,” added Monica Long,Ripple President.“The XRPL’s native capabilities, including a decentralized exchange and automated market maker,were built to utilize $XRP as the bridge asset.Bringing a trusted stablecoin onto XRPL will drive more adoption and development,contributing to a vibrant ecosystem.” What will be the benefits??? #HotTrends #StablecoinRevolution #XRPCOIN
Ripple to Issue USD-backed Stablecoin Bringing More Utility and Liquidity to XRP Ledger
Ripple,the leading provider of enterprise blockchain and crypto solutions, announced its plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100% backed by US dollar deposits, short-term US government treasuries, and other cash equivalents.These reserve assets will be audited by a third-party accounting firm,and Ripple will publish monthly attestations
The stablecoin market is about $150B today, and is forecasted to exceed $2.8 trillion by 2028.There’s clear demand for stablecoins that deliver trust, stability, and utility.To meet this growing demand, Ripple will issue a stablecoin,leveraging its decade-plus of experience building real-world financial solutions for institutions around the world.
"This is a natural step for Ripple to continue bridging the gap between traditional finance and crypto,” said Brad Garlinghouse, Ripple CEO. “Institutions entering this space are finding success by partnering with compliant,crypto-native players and Ripple's track record and resiliency speaks for itself,as we launch new products and acquire companies through multiple market cycles.This move is also monumental for the XRP Ledger community,driving more use cases,liquidity and opportunities for developers and users.”
At launch,it will be available on the XRP Ledger (XRPL) and Ethereum blockchains,with plans to expand to additional blockchains and DeFi protocols and apps over time.
“Issuing our stablecoin on the XRP Ledger and Ethereum will serve as a pivotal entry point to unlock new opportunities for institutional and DeFi use cases across multiple ecosystems,” added Monica Long,Ripple President.“The XRPL’s native capabilities, including a decentralized exchange and automated market maker,were built to utilize $XRP as the bridge asset.Bringing a trusted stablecoin onto XRPL will drive more adoption and development,contributing to a vibrant ecosystem.”

What will be the benefits???

#HotTrends #StablecoinRevolution #XRPCOIN
I know what you're thinking... How similar are ENA Labs' USDe to Terra Labs' UST? USDe from ENALabs is similar to UST from TerraLabs in that both are algorithmic stablecoins. This means they are not backed by a reserve of US dollars in cash, but instead use an algorithm to maintain their price linked to the dollar. Here are some of the similarities between USDe and UST: - Both are algorithmic stablecoins.Both use a burning and minting mechanism to maintain their price linked to the dollar. - Both have a native governance token (ENA for ENALabs and LUNA for TerraLabs) that is used for governance of the protocol. However, there are also some key differences between USDe and UST: - USDe is built on the Ethereum blockchain, while UST is built on the Terra blockchain.USDe uses a daily rebase mechanism to adjust the token supply, while UST uses a more continuous burning and minting mechanism. - ENA Labs is a relatively new company, while TerraLabs is a more established company. It is important to note that: - Algorithmic stablecoins are a relatively new and untested type of stablecoin. - There is a risk that the algorithm could fail and the stablecoin could lose its peg to the dollar. __ 📚 Elevate your crypto knowledge with LocademiaCripto! Show your appreciation by giving us a thumbs up and stay tuned for more informative content. Your likes inspire us to keep sharing valuable insights! #ENA #StablecoinRevolution
I know what you're thinking... How similar are ENA Labs' USDe to Terra Labs' UST?

USDe from ENALabs is similar to UST from TerraLabs in that both are algorithmic stablecoins. This means they are not backed by a reserve of US dollars in cash, but instead use an algorithm to maintain their price linked to the dollar.

Here are some of the similarities between USDe and UST:
- Both are algorithmic stablecoins.Both use a burning and minting mechanism to maintain their price linked to the dollar.
- Both have a native governance token (ENA for ENALabs and LUNA for TerraLabs) that is used for governance of the protocol.

However, there are also some key differences between USDe and UST:
- USDe is built on the Ethereum blockchain, while UST is built on the Terra blockchain.USDe uses a daily rebase mechanism to adjust the token supply, while UST uses a more continuous burning and minting mechanism.
- ENA Labs is a relatively new company, while TerraLabs is a more established company.

It is important to note that:
- Algorithmic stablecoins are a relatively new and untested type of stablecoin.
- There is a risk that the algorithm could fail and the stablecoin could lose its peg to the dollar.

__
📚 Elevate your crypto knowledge with LocademiaCripto! Show your appreciation by giving us a thumbs up and stay tuned for more informative content. Your likes inspire us to keep sharing valuable insights! #ENA #StablecoinRevolution
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🌟 Exciting News Alert!🌟 Calling all crypto enthusiasts! Get ready to dive into the future of stablecoins with the groundbreaking launch of USDM by Mehen Finance, the pioneer in Cardano ecosystem stablecoin issuance protocols! 💥 Imagine a world where you can effortlessly mint or exchange USDM with US dollars, all at your fingertips. Thanks to the innovative collaboration between Mehen Finance and fintech powerhouse Plaid, this dream is now a reality! 🚀 But that's not all! Mehen Finance is on a mission to redefine the financial landscape, actively seeking licenses for money transfer and virtual asset services in the UK and Europe. This means greater accessibility and convenience for users across borders! 🌍💰 Despite facing hurdles along the way, including delays due to shifting banking partnerships, Mehen Finance remains undeterred in its quest to empower individuals worldwide with the power of decentralized finance. 💪 Don't miss your chance to be part of this revolutionary journey. Join us as we usher in a new era of stability, security, and seamless transactions with USDM by Mehen Finance. Your future in finance starts here! 🔥 #MehenFinance #USDM #Cardano #StablecoinRevolution $USDM $USDC
🌟 Exciting News Alert!🌟

Calling all crypto enthusiasts! Get ready to dive into the future of stablecoins with the groundbreaking launch of USDM by Mehen Finance, the pioneer in Cardano ecosystem stablecoin issuance protocols! 💥

Imagine a world where you can effortlessly mint or exchange USDM with US dollars, all at your fingertips. Thanks to the innovative collaboration between Mehen Finance and fintech powerhouse Plaid, this dream is now a reality! 🚀

But that's not all! Mehen Finance is on a mission to redefine the financial landscape, actively seeking licenses for money transfer and virtual asset services in the UK and Europe. This means greater accessibility and convenience for users across borders! 🌍💰

Despite facing hurdles along the way, including delays due to shifting banking partnerships, Mehen Finance remains undeterred in its quest to empower individuals worldwide with the power of decentralized finance. 💪

Don't miss your chance to be part of this revolutionary journey. Join us as we usher in a new era of stability, security, and seamless transactions with USDM by Mehen Finance. Your future in finance starts here! 🔥 #MehenFinance #USDM #Cardano #StablecoinRevolution $USDM $USDC
A few days ago, I shared a report on Stablecoins. 🌐 Let's break that down today and examine how the #TronNetwork is showcasing its remarkable performance. 💎 Full story here 👀 https://medium.com/@HEJustinsun/the-relentless-rise-of-stablecoins-04e403d428af #USDT #StablecoinRevolution #USDTdominance
A few days ago, I shared a report on Stablecoins. 🌐

Let's break that down today and examine how the #TronNetwork is showcasing its remarkable performance. 💎

Full story here 👀
https://medium.com/@HEJustinsun/the-relentless-rise-of-stablecoins-04e403d428af

#USDT #StablecoinRevolution #USDTdominance
🚀💰 It seems like every time a new coin is mined, it sells out quickly. But this time, ENA is making waves with its confidence and boasts about surpassing USDT with its stablecoin. They're not eager to sell, and it's giving off a vibe of awesomeness. However, with the total amount being a bit overwhelming, and the futures market price exceeding 0.6U, it begs the question: at what price should I sell at the opening? 📈 Don't miss out on this intriguing opportunity—stay tuned for more insights! #ENA #CryptoMining #StablecoinRevolution 💎🌟
🚀💰 It seems like every time a new coin is mined, it sells out quickly. But this time, ENA is making waves with its confidence and boasts about surpassing USDT with its stablecoin. They're not eager to sell, and it's giving off a vibe of awesomeness. However, with the total amount being a bit overwhelming, and the futures market price exceeding 0.6U, it begs the question: at what price should I sell at the opening? 📈 Don't miss out on this intriguing opportunity—stay tuned for more insights! #ENA #CryptoMining #StablecoinRevolution 💎🌟
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