BNB Chain enhances stablecoin usage with new initiatives

#BNBChain has announced several new programs aimed at increasing the integration and usage of #stablecoins within its ecosystem. Stablecoins, known for their price stability, play a vital role in the cryptocurrency market by facilitating smoother transactions and reducing volatility.

𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟵, 𝟮𝟬𝟮𝟰

🚨🚨 JUST IN : #Mango DAO, Blockworks Foundation settle SEC charges for $700K, agree to delist MNGO.

JUST IN: 💰 Almost 94% of #Bitcoin addresses are in profit. 🚀

Canada’s securities regulator has extended the compliance deadline for #crypto trading platforms, pushing it to the end of 2024. This follows ongoing concerns over the risks of fiat-pegged #stablecoins , with the CSA citing investor protection as a priority.

$ENA 's Back in the Game! 🏀

After a rough patch, #ENA is making a comeback! 👀 The price is up over 30% in the last month, and trading volume has skyrocketed to over $200 million daily. 📈

What's fueling the rally? 🤔👇
▶️ New Stablecoin: ENA is launching UStb, backed by #BlackRock 's BUIDL fund. This could be a game-changer.
⏩ Redemption Success: #USDe recently faced a massive $1 billion redemption and handled it like a champ. 💪🚂

Is it time to give ENA some credit? Let us know your thoughts! DYOR! 👇#stablecoins #Ethena

#SolanaFloor
#sanctumso introduces the world's first $SOL card in partnership with #basedappHQ and @Jupiter 🪐 .
The card lets you spend #SOL and #stablecoins in 100+ countries.

Could Bitcoin Reach $80,000 in 2024? 😱

In 2024, Bitwise and Circle's CEOs anticipate explosive growth in #stablecoins , foreseeing them surpassing Visa's settlement volume, driven by the demand for digital dollars.

Bitwise projects stablecoin trading to exceed $137 billion, rising from near-zero in the past four years, while Van Eck predicts a $200 billion market cap by the end of the next year.

Bitwise also forecasts #Bitcoin hitting $80,000 with the launch of a spot ETF and the halving event as catalysts. Varied predictions for Bitcoin's price range from $100,000 to even $1 million, with Bitwise speculating its ETF to amass $72 billion.

Ethereum is expected to double revenue to $5 billion, aided by upgrades reducing #gas costs. Coinbase is poised for a significant revenue surge, potentially surpassing Wall Street expectations tenfold amidst the 2024 bull market.

#Binance
#crypto2023

Is South Africa Ready for Stablecoins? 🇿🇦

Forget cash, South #Africa 's got its sights set on a digital future!

They're diving into the world of stablecoins and blockchain, not just for kicks, but to empower marginalized groups through financial inclusion.

Their 2024 budget is packed with crypto plans, including defining those elusive #stablecoins and figuring out how blockchain's magic token trick works. But they're not just talking the talk, they're walking the walk with pilot projects alongside Switzerland.

Think community payments, fair deals for informal workers, and even boosting cross-border trade! Inspired by East African farmers who used blockchain to score big in global markets, South Africa's betting on tech to bridge the financial #gap .

So, will stablecoins become the new digital rand? Will blockchain revolutionize their financial landscape? Stay tuned, folks, this crypto rollercoaster is just getting started!

#Binance
#crypto2024

"Well, bitcoin has stabilized almost exactly at $14 a coin. I'm tired of waiting for a jump, so I'm taking a loss and getting my money back."

In 2011 this guy took a loss on BTC, at $14 a piece, because he got tired of waiting for Bitcoin to go up. #BTC #stablecoins #inflation

Flair DeX announced the phase 1 of incentivized testnet. Flair Dex is a decentralised exchange and automated market marker focused on providing efficient token swaps and deep liquidity for #stablecoins and other assets.

#crypto2023 #DeFi #dyor

Despite their advantages, #stablecoins are not without risks.

Centralized stablecoins, where a single entity controls the stablecoin, are vulnerable to hacks and cyber attacks.

There are also concerns about transparency and the true value of the backing asset.

Diversification is needed when it is too late for it.

You can diversify your #stablecoins into different:

1) Tokens 🪙

2) Protocols 🏦

3) Chains 🔗

4) Strategies (to earn on your tokens) ♟️

This will prepare you for another market crash.

As #stablecoins become more widely adopted, there is a growing need for regulation to ensure their stability and protect consumers.

The lack of a clear regulatory framework for them has raised concerns among policymakers, highlighting the need for it.

6. Stablecoins
Stablecoins are cryptocurrencies designed to have a stable value by being pegged to a reserve asset like the US dollar or gold. This reduces the volatility typically associated with cryptocurrencies.

Examples of Stablecoins
Tether (USDT)
USD Coin (USDC)
DAI

They are commonly used for trading, as a stable store of value, and for transferring value without the risk of significant price fluctuations.

#CryptoBook #Cryptocurrency #CryptoTrading #stablecoins #cryptobasics

𝗝𝘂𝗹𝘆 𝟰, 𝟮𝟬𝟮𝟰

BREAKING 🚨: Commercial Real Estate, Office Vacancy Rate surpasses 20% for the first time in history.

📣 Jeff Bezos disclosed new plans to sell 25 Million additional shares of Amazon.

US Owning a House in the U.S. Is Now the Most Expensive Since 2007, New Report Finds.

Russian Central Bank is reportedly legalizing #gold and USD-pegged #stablecoins for global payments.

Zambia to jail anyone caught using the US Dollar or other foreign currency for up to 10 years.

🚨🚨🚨 NEW: #Alipay 's parent company Ant Group has processed "billions" in payments 💵 on JP Morgan's blockchain.

4/ Since #MichaelEgorov borrowed too many #stablecoins with CRV as collateral, he had to sell CRV through OTC to repay the loan after #Curve was attacked on July 31, 2023.

He sold a total of 156.35 #CRV for $62.5M at a price of $0.4 through #OTC .

#Tether #CEO expresses concern over EU regulations for #stablecoins . #USDT

$FDUSD D holding strong at $0.9994! 🪙 Slight dip in the last hour, but overall stability. What do you think this means for the future of stablecoins? #FDUSD #crypto #stablecoins #marketwatch

The market value of stablecoins reached the highest level in the last two years

The market value of stablecoins in May 2024 increased by 0.63% compared to the beginning of the month and reached $161 billion, which is the highest level since April 2022. According to CCData, this record came after eight months of continuous growth. While Tether has a record market value of $111 billion and holds 69.3% of the market share, USDC's market value has grown for the sixth consecutive month and reached $32.6 billion.
#Megadrop #MtGox #EarnFreeCrypto2024 #ETHETFsApproved #stablecoins