StableCoins
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#StableCoins
🤔What it is meant by stable coins?
Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Differing from normal cryptocurrencies, Stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including mainly the U.S. $dollar.
🤔Is USDT a stablecoin?
$USDT is a stablecoin, a type of cryptocurrency that is pegged to a fiat currency, namely the U.S. dollar. Investors in $USDT seek to invest in cryptocurrency while avoiding the extreme volatility of untethered cryptocurrencies.
🤔What are the top 4 stablecoins?
1. Tether USD $USDT
2. USDC $USDC
3. Dai $DAI
4. First Digital USD $FDUSD
🤔Is $BTC a stable coin?
No, $Bitcoin is not considered a stablecoin. $Bitcoin's price is determined by supply and demand dynamics in the open market, and it is not pegged to any external asset or currency.
@Binance
@BSC448883548
🙏Be better always.💖
#StableCoins
🤔What it is meant by stable coins?
Stablecoin is a fixed-price cryptocurrency whose market value is attached to another stable asset. Differing from normal cryptocurrencies, Stablecoin can be pegged to assets such as certain fiat currencies that can be traded on exchanges, including mainly the U.S. $dollar.
🤔Is USDT a stablecoin?
$USDT is a stablecoin, a type of cryptocurrency that is pegged to a fiat currency, namely the U.S. dollar. Investors in $USDT seek to invest in cryptocurrency while avoiding the extreme volatility of untethered cryptocurrencies.
🤔What are the top 4 stablecoins?
1. Tether USD $USDT
2. USDC $USDC
3. Dai $DAI
4. First Digital USD $FDUSD
🤔Is $BTC a stable coin?
No, $Bitcoin is not considered a stablecoin. $Bitcoin's price is determined by supply and demand dynamics in the open market, and it is not pegged to any external asset or currency.
@Binance
@BSC448883548
🙏Be better always.💖
There is a retrofitted factory building in Prague called Paralelni Polls, or "Parallel World."
The visit factory-turned-forum pulses with the collective energy of digital rights activists, privacy-obsessed cypherpunks, and Crypto-faithful ideologues.
The space functions as a living example of how the world could look - a crucible for #Decentralised and defiant technologies designed to operate beyond the reach of governments, laws, and central banks.
#DYOR & Trade with #StopLoss #StableCoins
#BinanceTournament
The visit factory-turned-forum pulses with the collective energy of digital rights activists, privacy-obsessed cypherpunks, and Crypto-faithful ideologues.
The space functions as a living example of how the world could look - a crucible for #Decentralised and defiant technologies designed to operate beyond the reach of governments, laws, and central banks.
#DYOR & Trade with #StopLoss #StableCoins
#BinanceTournament
Binance Increase Web3 Adoption Via It's Partnership With Mitsubishi For The Development Of Stablecoins. 🔥
The good news is that Binance arm in Japan has partnered with Mitsubishi UFJ Trust Bank, ( a company based in Japan that manages assets worth about $3.3 Trillion USD ) to embark on the creation of a new stable coin pegged to major currencies in Japan such as the Japanese Yen, & other foreign currencies like the U.S. Dollar.
The report further added that "under this partnership between MUTB & Binance, the joint study aims to drive mass adoption of Web3 & foster a thriving Web3 ecosystem in Japan."
This development is great for Web3 & the Crypto community at large as new investors are gonna be attracted to the industry to use stablecoins for their transactions owing to its ease of use, it's transparent nature & high transaction speed! Thanks For Your Attention & Ensure To Follow My Channel For More Hints! 😊🤝🔥🚀📈📈💰💰💰
#Binance
#StableCoins
The good news is that Binance arm in Japan has partnered with Mitsubishi UFJ Trust Bank, ( a company based in Japan that manages assets worth about $3.3 Trillion USD ) to embark on the creation of a new stable coin pegged to major currencies in Japan such as the Japanese Yen, & other foreign currencies like the U.S. Dollar.
The report further added that "under this partnership between MUTB & Binance, the joint study aims to drive mass adoption of Web3 & foster a thriving Web3 ecosystem in Japan."
This development is great for Web3 & the Crypto community at large as new investors are gonna be attracted to the industry to use stablecoins for their transactions owing to its ease of use, it's transparent nature & high transaction speed! Thanks For Your Attention & Ensure To Follow My Channel For More Hints! 😊🤝🔥🚀📈📈💰💰💰
#Binance
#StableCoins
The Financial Services & Markets Act 2023 classifies crypto as a regulated financial activity.
A U.K. bill giving regulators the power to supervise #CryptoCurrency and #StableCoins was approved by King Charles Thursday.
Royal assent, a purely procedural step following agreement from lawmakers, makes the Financial Services and Markets Bill an Act, and includes measures to bring crypto and stablecoins into the scope of regulation.
The Act "gives us control of our financial services rulebook," following the U.K.'s exit from the EU, enabling regulation of crypto assets to support their safe adoption in the U.K., said Financial Services Minister Andrew Griffith in a statement.
Always #DYOR &
Trade Wisely with using #StopLoss
#BinanceTournament
A U.K. bill giving regulators the power to supervise #CryptoCurrency and #StableCoins was approved by King Charles Thursday.
Royal assent, a purely procedural step following agreement from lawmakers, makes the Financial Services and Markets Bill an Act, and includes measures to bring crypto and stablecoins into the scope of regulation.
The Act "gives us control of our financial services rulebook," following the U.K.'s exit from the EU, enabling regulation of crypto assets to support their safe adoption in the U.K., said Financial Services Minister Andrew Griffith in a statement.
Always #DYOR &
Trade Wisely with using #StopLoss
#BinanceTournament
#CryptoMarket Daily Growth Analysis
Today's Market and July month starts with all crypto market proper pump with Bullish mode.
Now as per Binance listed Coins data and Coin MarketCap based crypto, total market is in Bullish mode including some of coins into major pumps like MATIC, LTC, XEC, FLOW, QTUM, AXS etc.
July starts with good Bullish signals but still whole month left and major crisis of regulation on #StableCoins are into July.
Let's see, what's the next movement of market into next 30 days.
Always #DYOR before investing in Crypto and Trade Wisely by using #StopLoss here.
#BinanceTournament
Today's Market and July month starts with all crypto market proper pump with Bullish mode.
Now as per Binance listed Coins data and Coin MarketCap based crypto, total market is in Bullish mode including some of coins into major pumps like MATIC, LTC, XEC, FLOW, QTUM, AXS etc.
July starts with good Bullish signals but still whole month left and major crisis of regulation on #StableCoins are into July.
Let's see, what's the next movement of market into next 30 days.
Always #DYOR before investing in Crypto and Trade Wisely by using #StopLoss here.
#BinanceTournament
What's the biggest impact of USA into coming #CryptoMarket Crash.?
Nowadays the very bad attitude of US on CryptoCurrency industry, that has kept against #Crypto and along with this US is continuously in Recession & Debt.
It is a big threat to #StableCoins (USDT & USDC) for Depegings, which will cause the next big Crash or Dump into the market in coming months..
Read Complete slides to understand it in better way.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
Nowadays the very bad attitude of US on CryptoCurrency industry, that has kept against #Crypto and along with this US is continuously in Recession & Debt.
It is a big threat to #StableCoins (USDT & USDC) for Depegings, which will cause the next big Crash or Dump into the market in coming months..
Read Complete slides to understand it in better way.
Always #DYOR before investing in Crypto Currency.
#BinanceTournament
Soon #StableCoins are under Legalisation in july
#FEDs Chairman Mr.Powell said that in July steps will be taken to legalize #StableCoins as he sees them as currency and it is mandatory to pass legal regulations of the Central Bank..!
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.
"We do see payment stablecoins as a form of money, and in all advanced economies, the ultimate source of credibility in money is the central bank," Powell said in testimony today at a twice-yearly hearing on monetary policy. "We believe it would be appropriate to have quite a robust federal role."
News source by CoinDesk
#DYOR #BinanceTournament
#FEDs Chairman Mr.Powell said that in July steps will be taken to legalize #StableCoins as he sees them as currency and it is mandatory to pass legal regulations of the Central Bank..!
Federal Reserve Chairman Jerome Powell argued for the need for strong central-bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.
"We do see payment stablecoins as a form of money, and in all advanced economies, the ultimate source of credibility in money is the central bank," Powell said in testimony today at a twice-yearly hearing on monetary policy. "We believe it would be appropriate to have quite a robust federal role."
News source by CoinDesk
#DYOR #BinanceTournament
Top-8 #StableCoins as per majority of MarketCaps.
#Tether USDT Dominance is approx. 66% of the biggest in StableCoin MarketCap.
#DYOR #GOATMoments #BinanceTournament
#Tether USDT Dominance is approx. 66% of the biggest in StableCoin MarketCap.
#DYOR #GOATMoments #BinanceTournament
#Bitcoin #Ethereum and #StableCoins hold 80% of the cryptocurrency market capitalization.
As the SEC released its list of securities, investors are moving away from altcoins, which has plummeted their market capitalization. As a result, the market capitalization of altcoins has dropped significantly in recent days.
$BTC $ETH
As the SEC released its list of securities, investors are moving away from altcoins, which has plummeted their market capitalization. As a result, the market capitalization of altcoins has dropped significantly in recent days.
$BTC $ETH
#StableCoins under regulations in UK
UK Parliamentarians have voted through a new bill that could recognise #Crypto as a regulated activity in the country.
The approval of the Financial Services & Markets Bill (FSMB) on Monday by Parliament's Upper chamber, the House of Lords, means the Bill is going to enter the final stages before it is put into law.
The wide ranging bill, spanning over 340 pages, was introduced in July to take advantage of Brexit freedoms and give regulators more power over the UK Financial System.
While the original bill included a proposal to regulate stablecoins under the country's payments rules, amendments to treat all crypto as a regulated activity and measures to supervise crypto promotions were added later as the bill progressed through Parliament.
#Regulations #DYOR #BinanceTournament
UK Parliamentarians have voted through a new bill that could recognise #Crypto as a regulated activity in the country.
The approval of the Financial Services & Markets Bill (FSMB) on Monday by Parliament's Upper chamber, the House of Lords, means the Bill is going to enter the final stages before it is put into law.
The wide ranging bill, spanning over 340 pages, was introduced in July to take advantage of Brexit freedoms and give regulators more power over the UK Financial System.
While the original bill included a proposal to regulate stablecoins under the country's payments rules, amendments to treat all crypto as a regulated activity and measures to supervise crypto promotions were added later as the bill progressed through Parliament.
#Regulations #DYOR #BinanceTournament
