Since the creation of the first block in 2009, Bitcoin has revolutionized the financial world. With a market cap of US$$ 2 trillion, it has become a store of value and an alternative to the traditional banking system. In 2024, Bitcoin saw a 182% increase in value, driven by Donald Trump's return to the White House. The future of Bitcoin and cryptocurrencies looks bright! 🌐💰
Stablecoins are cryptocurrencies designed to minimize volatility by pegging them to more stable assets like the US dollar, euro, gold, and more. Here are some of the top stablecoins on the market:
Tether (USDT): The most popular stablecoin, pegged to the US dollar, with the largest market cap.
USD Coin ($USDC ): Created by Coinbase and Circle, also pegged to the US dollar, known for its transparency and liquidity.
Dai (DAI): A decentralized stablecoin that runs on Ethereum, maintained by smart contracts, and pegged to the US dollar.
TrueUSD (TUSD): Pegged to the US dollar, focusing on transparency and regular audits.
Binance USD (BUSD): Created in partnership with Paxos, pegged to the US dollar, and used primarily on the Binance platform.
Each of these stablecoins has its own characteristics and use cases, but they all share the goal of providing stability in a volatile cryptocurrency market.
Binance receives authorization from the Central Bank of Brazil to acquire a local brokerage, becoming the first cryptocurrency platform to obtain a securities brokerage license in the country.
Get ready for the launch of Bio Protocol (BIO), a pioneering cryptocurrency in the Decentralized Science (DeSci) space. Starting December 24, you can participate in yield farming by locking up BNB and FDUSD tokens. BIO will be available for trading starting January 3, 2025. 🌱 #Cryptocurrency#Binance#DeSci#BioProtocol #Innovation
It is not possible to guess what will happen next year, but today we know what is possible and concrete in the crypto world:
Bitcoin ($BTC ): Continuing as the leading digital store of value, BTC is expected to benefit from the 2024 halving and growing institutional acceptance.
Ethereum ($ETH ): With smart contracts and tokenization on the rise, ETH is consolidating itself as a central platform for DeFi applications.
Solana ($SOL ): Standing out for its high performance and scalability, Solana attracts large institutions and developers.
Binance has announced the launch of Solv Protocol (SOLV) as the third project on its Megadrop platform. Solv Protocol is a Bitcoin staking protocol that aims to create a Bitcoin-centric financial ecosystem1. The event offers a total of 588 million SOLV in token rewards, equivalent to 7% of the total Genesis supply. Participants can increase their rewards by creating a Binance Web3 wallet and completing specific missions2. Prizes will be distributed based on the total points of the participants.