stablecoin
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Binance has just launched BFUSD, a stablecoin with an impressive yield of up to 19.55%. Its main advantage? Simplicity. Unlike other stablecoins that require complex processes, BFUSD allows users to earn daily interest simply by holding it in their Binance account, without locking up their funds.
Imagine enjoying passive growth with no constraints: an efficient way to maximize your returns without extra effort. This product could redefine how users view stablecoins, combining security and performance in a convenient package. So why not explore the possibilities that BFUSD can offer?
#Binance #stablecoin #Marketinfo
Imagine enjoying passive growth with no constraints: an efficient way to maximize your returns without extra effort. This product could redefine how users view stablecoins, combining security and performance in a convenient package. So why not explore the possibilities that BFUSD can offer?
#Binance #stablecoin #Marketinfo
Some confusion around #Binance ’s new product, "#BFUSD ".
According to their customer support, 'BFUSD' is not a #stablecoin , but rather a reward-bearing margin asset intended for futures trading.
The 19.55% APY mentioned in the tweet below likely refers to the potential returns or rewards users might earn by using BFUSD in margin trading.
This could include interest or additional rewards tied to futures positions or other margin-related activities on Binance.
Binance clarified that more details will be released soon, including specifics about how the APY is determined. This is important to understand, as APY can vary depending on factors like market conditions, asset performance, and the specifics of the trading activity.
So, if you're looking to get into it, you may want to keep an eye out for official updates directly from Binance, especially when they provide more details about the product.
According to their customer support, 'BFUSD' is not a #stablecoin , but rather a reward-bearing margin asset intended for futures trading.
The 19.55% APY mentioned in the tweet below likely refers to the potential returns or rewards users might earn by using BFUSD in margin trading.
This could include interest or additional rewards tied to futures positions or other margin-related activities on Binance.
Binance clarified that more details will be released soon, including specifics about how the APY is determined. This is important to understand, as APY can vary depending on factors like market conditions, asset performance, and the specifics of the trading activity.
So, if you're looking to get into it, you may want to keep an eye out for official updates directly from Binance, especially when they provide more details about the product.
Last week, we saw a notable spike in #stablecoin pair trade volume on Binance. High stablecoin activity usually hints at major moves ahead—buying or selling.
Societe Generale deploys euro stablecoin on XRP Ledger
#SGForge is launching its euro-backed #stablecoin , $EURCV, on the #XRPLedger $XRPL. Initially launched last year, #EURCV is already available on #Ethereum and #Solana, and will now expand to #XRPL in 2024, leveraging #Ripple Custody solutions.
#SGForge is launching its euro-backed #stablecoin , $EURCV, on the #XRPLedger $XRPL. Initially launched last year, #EURCV is already available on #Ethereum and #Solana, and will now expand to #XRPL in 2024, leveraging #Ripple Custody solutions.
Ondo Finance to enable 24/7 conversions between OUSG and PayPal USD stablecoin
#OndoFinance has announced a new feature allowing instant conversions between its $OUSG and #PayPal $PYUSD #stablecoin , available around the clock. This move is aimed at increasing liquidity for #OUSG and expanding the use of #PYUSD in real-world asset tokenization.
#OndoFinance has announced a new feature allowing instant conversions between its $OUSG and #PayPal $PYUSD #stablecoin , available around the clock. This move is aimed at increasing liquidity for #OUSG and expanding the use of #PYUSD in real-world asset tokenization.
Aggregate traffic on exchanges grew by 8% in October
Cumulative monthly traffic on the top 20 cryptocurrency exchanges rose 8% in October, reflecting increased investor interest and growing retail trader participation ahead of the US election in 2024.
According to ICO Analytics, memcoin platform Pump Fun recorded the highest monthly increase in percentage terms at 100% in October. Crypto #exchange BullX followed with a 78% increase in web traffic from September to October, while decentralized exchange Uniswap ranked third with a 42% increase.
Binance, WhiteBit and Coinbase led in monthly traffic by total visits in October with 54 million, 33 million and 30 million visits respectively.
The increase in traffic led to a rally in cryptocurrency markets, consistent with the “uptober” narrative, or the expectation that digital asset markets typically rise in October after sideways trading trends during the summer months.
Evidence of a sustained rally
While cryptocurrency exchanges experienced an increase in web traffic ahead of the 2024 U.S. election, the results of the Nov. 6 race triggered a rally that lifted the price of bitcoin ($BTC
) to new all-time highs.
Several indicators suggest that the current rally may be sustainable and is just beginning. Factors include an additional $1.1 billion of open interest in bitcoin futures contracts on the Chicago Mercantile Exchange, anticipation of lower interest rates, and strong inflows into bitcoin ETFs.
On Nov. 6, BlackRock's Bitcoin IBIT ETF experienced its highest volume ever - trading at $4.1 billion - following the victory of pro-cryptocurrency Republican candidate former President Donald Trump.
Recent inflows to the exchange of stablecoins, which investors use as an indicator to gauge market interest, are another signal that traders expect the price to rise further. On Nov. 7, inflows to the #stablecoin Exchange reached $9.3 billion as the price of bitcoin continued to rise.
The recent rise has also led to a shift in investor sentiment toward Ethereum, as the price of Ethereum ($ETH
) surpassed the $3,000 level and inflows into the Ethereum ETF turned positive after months of disappointing price movement.
#BTCNear82k
According to ICO Analytics, memcoin platform Pump Fun recorded the highest monthly increase in percentage terms at 100% in October. Crypto #exchange BullX followed with a 78% increase in web traffic from September to October, while decentralized exchange Uniswap ranked third with a 42% increase.
Binance, WhiteBit and Coinbase led in monthly traffic by total visits in October with 54 million, 33 million and 30 million visits respectively.
The increase in traffic led to a rally in cryptocurrency markets, consistent with the “uptober” narrative, or the expectation that digital asset markets typically rise in October after sideways trading trends during the summer months.
Evidence of a sustained rally
While cryptocurrency exchanges experienced an increase in web traffic ahead of the 2024 U.S. election, the results of the Nov. 6 race triggered a rally that lifted the price of bitcoin ($BTC
) to new all-time highs.
Several indicators suggest that the current rally may be sustainable and is just beginning. Factors include an additional $1.1 billion of open interest in bitcoin futures contracts on the Chicago Mercantile Exchange, anticipation of lower interest rates, and strong inflows into bitcoin ETFs.
On Nov. 6, BlackRock's Bitcoin IBIT ETF experienced its highest volume ever - trading at $4.1 billion - following the victory of pro-cryptocurrency Republican candidate former President Donald Trump.
Recent inflows to the exchange of stablecoins, which investors use as an indicator to gauge market interest, are another signal that traders expect the price to rise further. On Nov. 7, inflows to the #stablecoin Exchange reached $9.3 billion as the price of bitcoin continued to rise.
The recent rise has also led to a shift in investor sentiment toward Ethereum, as the price of Ethereum ($ETH
) surpassed the $3,000 level and inflows into the Ethereum ETF turned positive after months of disappointing price movement.
#BTCNear82k
Tether expands beyond crypto, finances $45M oil trade deal
#Tether , the issuer of the #USDT #stablecoin , has entered the oil trade by financing a $45 million crude oil deal. The transaction, involving 670,000 barrels of Middle Eastern crude, was conducted between a major oil company and a commodity trader.
#Tether , the issuer of the #USDT #stablecoin , has entered the oil trade by financing a $45 million crude oil deal. The transaction, involving 670,000 barrels of Middle Eastern crude, was conducted between a major oil company and a commodity trader.
PayPal’s PYUSD Stablecoin Officially Launches on Solana
Online payment giant PayPal has announced that its PYUSD stablecoin has officially launched on the Solana blockchain. Indeed, the company unveiled its stablecoin network expansion in a recent press release. There, it was noted that the decision would make PYUSD both faster and cheaper for people to use.
#stablecoin
#stablecoin
Assalam Alikum everyone.
I got a huge profit from thes coin buy this it is going to cross 60$.
Buy buy buy buy buy buy #ordi #stablecoin #write2earn🌐💹 #MicroStrategy #buythedip $ORDI
I got a huge profit from thes coin buy this it is going to cross 60$.
Buy buy buy buy buy buy #ordi #stablecoin #write2earn🌐💹 #MicroStrategy #buythedip $ORDI
📊The total market value of stablecoins exceeds 140 billion US dollars 🚀
Stablecoin total market capitalization has reached $140,001,543,646. Among them, the issuance of USDT💰 reached $97.8 billion and the issuance of USDC💰 reached $28 billion.
@Crypto PM
#CryptoNews🔒📰🚫 #stablecoin
Stablecoin total market capitalization has reached $140,001,543,646. Among them, the issuance of USDT💰 reached $97.8 billion and the issuance of USDC💰 reached $28 billion.
@Crypto PM
#CryptoNews🔒📰🚫 #stablecoin
#MitsubishiUFJn a major Japanese bank, is collaborating with #Bitbank , one of Japan's prominent #cryptocurrency exchanges, to create a stablecoin-powered settlements platform for crypto firms. This initiative follows the Japanese government's approval of legislation enabling banks and traditional financial institutions to deal with stablecoins. The platform is expected to launch in 2024, issuing stablecoins pegged to the Japanese yen and the US dollar. Mitsubishi UFJ is working with partners, including Ginco and Progmat, its #stablecoin affiliate. The goal is to establish a stablecoin-powered international payment system to enhance efficiency and reduce fees for token exchanges with overseas businesses. The project aims to offer 24/7, 365-day settlement capabilities, unlike traditional bank transfer-based methods. Mitsubishi UFJ intends to involve other domestic and international crypto exchanges in the project, with Cumberland DRW and #Melcoin already on board.
TProtocol has teamed up with Frax Finance, a fractional-algorithmic stablecoin project. As part of the partnership, they have launched a new liquidity pool for USTP-FRAXBP on Curve, a decentralized exchange for stablecoins.
#stablecoin #crypto2023
#stablecoin #crypto2023
The New York Department of #FinancialFuture Services is ordering Paxos to stop issuing #Binance BUSD- the 3rd largest #stablecoin . #BNB #BUSD
So...
Exchange and #stablecoin FUD everywhere, media are calling #crypto dead, people are losing hope and lots of them sold everything and quit.
Social activity at 0, people argue in public.
Yes, this is the real #bearmarket . The bottom is close, or is it in already?🙏🏻
Exchange and #stablecoin FUD everywhere, media are calling #crypto dead, people are losing hope and lots of them sold everything and quit.
Social activity at 0, people argue in public.
Yes, this is the real #bearmarket . The bottom is close, or is it in already?🙏🏻
After much anticipation from the #Cardano community, the network developers have finally launched the ecosystem’s overcollateralized #stablecoin called ‘#Djed .’
The stablecoin launch comes after its successful security audit and development testing for over a year
#crypto2023
The stablecoin launch comes after its successful security audit and development testing for over a year
#crypto2023
BUSD(Binance USD)is #stablecoin pegged to US $ & issued by Binance
10 benefits of BUSD
Stability
Fast Transactions
Low transaction fees
Access to global markets
Easy to use
Widely accepted
Security
Transparency
Regulatory compliance
Hedge against market volatility
#BinanceFeed
10 benefits of BUSD
Stability
Fast Transactions
Low transaction fees
Access to global markets
Easy to use
Widely accepted
Security
Transparency
Regulatory compliance
Hedge against market volatility
#BinanceFeed