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A euro-stablecoin 🚀 has been released on Solana USDC Circle issuer announced the launch of EURC on Solana. The blockchain has become the fourth platform, along with Avalanche, Ethereum and Stellar, on which EURC is available. 💸 EURC transactions will now be available in Jupiter, Meteora, Orca, Raydium and Phoenix. Transactions will be as easy as with the familiar USDC. 💸 Circle's solution will enable fast and cost-effective transactions to convert euros to and from EURC and use applications on Solana with minimal payment costs. 💸 Going forward, Circle's developers intend to make EURC compliant with Europe's new digital currency legislation, MiCA. $SOL #SolanaTrade #Solana/USDT #SolanaGems #euro

A euro-stablecoin 🚀 has been released on Solana

USDC Circle issuer announced the launch of EURC on Solana. The blockchain has become the fourth platform, along with Avalanche, Ethereum and Stellar, on which EURC is available.

💸 EURC transactions will now be available in Jupiter, Meteora, Orca, Raydium and Phoenix. Transactions will be as easy as with the familiar USDC.

💸 Circle's solution will enable fast and cost-effective transactions to convert euros to and from EURC and use applications on Solana with minimal payment costs.

💸 Going forward, Circle's developers intend to make EURC compliant with Europe's new digital currency legislation, MiCA.

$SOL

#SolanaTrade #Solana/USDT #SolanaGems #euro

Ansvarsfriskrivning: Inkluderar åsikter från tredje part. Ingen ekonomisk rådgivning. Se användarvillkor.
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U.S. Senators have introduced a bill for stablecoins - The Block Kirsten Gillibrand and Cynthia Lummis propose to: ▪️Prohibit unbacked algorithmic stablecoins. ▪️Require stablecoin issuers to hold fiat reserves in banks that back their tokens on a 1:1 basis. ▪️Require stablecoin issuers to implement anti-money laundering systems.
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Morning market conditions The market is up today, most of the alts are green. BTC is trading around $64,200, ETH is trading around $3,100. Bitcoin dominance: 55.69%; Fear and Greed Index: 67 (greed); Altseason Index: 39; Market capitalization: $2.27 trillion.
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NFT Bored Ape Yacht Club's NFT price has hit its lowest since 2021 The minimum price of NFT from the Bored Ape Yacht Club (BAYC) collection fell to 10.02 ETH, hitting its lowest since August 2021. In May 2022, the price of BAYC peaked at 128 ETH, and since then, their value has decreased by more than 90%.
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✔️ BTC at $63,200, ETH at $3,080. The index of fear and greed is 65 (Greed). The altcoin season index is 39. The market capitalization is $2.241 trillion. 👇 From the news: XLayer. The OKB token will be used to pay transaction fees in XLayer. 💰 CoinShares The outflow of funds from crypto funds last week amounted to $126 million. 😳 Trust Wallet warns iOS users about an exploit threat. The recommended action is to "turn off iMessage until Apple fixes the security threat". Thoughts on coins: 📉 Applicants for Short: - OM - ONG 📈 Applicants for Long: - ONDO - TON
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📍The U.S. natural rate, which corresponds to a neutral monetary policy - a policy that keeps the economy at an equilibrium level without inflation or unemployment - is at 2.5%, while the discount rate is above 5%. The Fed's monetary policy is tight enough that it has ended in recession in the past. 📍The big question is why, with such tight monetary policy, has there not yet been a recession and inflation remains high? There is an obvious answer - the excess savings that were accumulated during the pandemic on the back of helicopter money policies are cushioning the rate hike cycle. But it is becoming increasingly clear that inflation will not have time to fall before savings are exhausted, and then the U.S. economy and financial system will feel the full "charm" of the high rate. In my view, based on the facts, the markets are in for a tough time ahead, despite the prevailing positivity.
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