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Hong Kong Ahead in Crypto: Spot Bitcoin ETF and Interest in Stablecoin
Harvest Global Investments, a leader in asset management in China, is advancing the Hong Kong cryptocurrency market with an application for a spot Bitcoin ETF. This step is a significant milestone, reflecting the growing interest and acceptance of cryptocurrencies on the global financial scene.
Inscreva-se na Binance
Recently, the Hong Kong Securities and Futures Commission (SFC) announced its willingness to consider applications for spot cryptocurrency ETFs. In response, Harvest Global, along with Venture Smart Financial Holdings, is seeking approval to launch such financial products. These ETFs would allow investors to gain direct exposure to Bitcoin without needing to physically own the cryptocurrency.
Inscreva-se na Binance
Recently, the Hong Kong Securities and Futures Commission (SFC) announced its willingness to consider applications for spot cryptocurrency ETFs. In response, Harvest Global, along with Venture Smart Financial Holdings, is seeking approval to launch such financial products. These ETFs would allow investors to gain direct exposure to Bitcoin without needing to physically own the cryptocurrency.
Just in: AAVE and BUIDL want to join forces!
Aave Labs recently proposed a temperature check to deploy the GHO Stability Module (GSM), where AAVE reserves, such as GHO, an AAVE decentralized stablecoin, created to be used as part of the third-party integration, especially in this proposal to support the BlackRock BUIDL infrastructure. The purpose of this integration is to improve the capital efficiency of the GSM through utilizing surplus USD Coin (USDC) to mint BUIDL tokens, which represent traditional financial assets like cash and U.S. Treasury bills, while maintaining the stability of GHO with USDC serving as the backing asset.
#CryptoNewss #DeFiIntegration #AAVE #BUIDL #StablecoinInnovation
$AAVE
Aave Labs recently proposed a temperature check to deploy the GHO Stability Module (GSM), where AAVE reserves, such as GHO, an AAVE decentralized stablecoin, created to be used as part of the third-party integration, especially in this proposal to support the BlackRock BUIDL infrastructure. The purpose of this integration is to improve the capital efficiency of the GSM through utilizing surplus USD Coin (USDC) to mint BUIDL tokens, which represent traditional financial assets like cash and U.S. Treasury bills, while maintaining the stability of GHO with USDC serving as the backing asset.
#CryptoNewss #DeFiIntegration #AAVE #BUIDL #StablecoinInnovation
$AAVE
_MakerDAO Evolves: Introducing Sky and USDS_
In a significant move, MakerDAO, a pioneer and leader in the DeFi space, has announced a major rebranding to Sky, marking a new chapter in its journey. Alongside this transformation, Sky is launching a new stablecoin, USDS, which will coexist with the existing DAI and MKR tokens.
Key Highlights:
- DAI and MKR tokens remain unchanged, ensuring a seamless transition for holders.
- Holders can exchange old tokens for new ones at a 1:1 ratio.
- USDS introduces a freeze function, enhancing security and control.
This strategic move positions Sky for further growth and innovation, building on MakerDAO's legacy. The introduction of USDS expands the Sky ecosystem, offering more options for users and strengthening its position in the DeFi landscape.
Stay tuned for more updates on Sky's journey and the impact of this rebranding on the DeFi space!
#USDS #DAO #DeFiEvolution
#StablecoinInnovation #TelegramCEO
Key Highlights:
- DAI and MKR tokens remain unchanged, ensuring a seamless transition for holders.
- Holders can exchange old tokens for new ones at a 1:1 ratio.
- USDS introduces a freeze function, enhancing security and control.
This strategic move positions Sky for further growth and innovation, building on MakerDAO's legacy. The introduction of USDS expands the Sky ecosystem, offering more options for users and strengthening its position in the DeFi landscape.
Stay tuned for more updates on Sky's journey and the impact of this rebranding on the DeFi space!
#USDS #DAO #DeFiEvolution
#StablecoinInnovation #TelegramCEO
Tether is about to make new things up in the Middle East with a new stablecoinâ
Here's what you need to know:
Tether, the giant in stablecoins, is expanding its offerings with a token pegged to the UAE dirham. Let's dive into the details:
đž The New Stablecoin:
- Pegged to UAE Dirham: Tether's latest venture is a stablecoin tied to the UAE's currency.
- Collaboration: This project is in partnership with Phoenix Group and Green Acorn Investments.
đžRegulatory Compliance:
- UAE Central Bank's Regulation: The token aims to be the first to seek licensing under the UAE's new Payment Token Services Regulation.
đžBenefits for Users:
- Cost-Effective: Offers a cheaper way to access the dirham.
- Hedge Against Fluctuations: Provides stability against currency volatility.
đžTether's CEO Paolo Ardoino Shares:
- Expansion: "We're excited to expand our stablecoin offerings with this new dirham-pegged token."
- Economic Hub: "The UAE is a growing economic powerhouse, and this token will be key for transactions there."
đžTether's Growing Family:
- Joining the Ranks: Alongside USDT and EURT, this new token adds to Tether's diverse range of fiat-pegged stablecoins.
This move by Tether not only strengthens its position in the global market but also opens new avenues for businesses and individuals in the UAE for secure, efficient transactions.
#TetherNews
#UAE
#digitalcurrency
#StablecoinInnovation #financialinclusion
Tether, the giant in stablecoins, is expanding its offerings with a token pegged to the UAE dirham. Let's dive into the details:
đž The New Stablecoin:
- Pegged to UAE Dirham: Tether's latest venture is a stablecoin tied to the UAE's currency.
- Collaboration: This project is in partnership with Phoenix Group and Green Acorn Investments.
đžRegulatory Compliance:
- UAE Central Bank's Regulation: The token aims to be the first to seek licensing under the UAE's new Payment Token Services Regulation.
đžBenefits for Users:
- Cost-Effective: Offers a cheaper way to access the dirham.
- Hedge Against Fluctuations: Provides stability against currency volatility.
đžTether's CEO Paolo Ardoino Shares:
- Expansion: "We're excited to expand our stablecoin offerings with this new dirham-pegged token."
- Economic Hub: "The UAE is a growing economic powerhouse, and this token will be key for transactions there."
đžTether's Growing Family:
- Joining the Ranks: Alongside USDT and EURT, this new token adds to Tether's diverse range of fiat-pegged stablecoins.
This move by Tether not only strengthens its position in the global market but also opens new avenues for businesses and individuals in the UAE for secure, efficient transactions.
#TetherNews
#UAE
#digitalcurrency
#StablecoinInnovation #financialinclusion
