🚨Breaking:Cardano to Get First USD-Backed Stablecoin by 202 | COINCU on Binance Square

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Nov 20, 2022

🚨Breaking:Cardano to Get First USD-Backed Stablecoin by 2023, With New Privacy Blockchain and TokenCardano will finally have its own fiat-backed stablecoin after one of its founding entities, EMURGO, announced that the USDA stablecoin will launch on the proof-of-stake network i

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$KERNEL Long Setup (Bullish Scenario) Entry Zone: $0.186–0.190 (just above key support zone) Optional: Add on confirmation above $0.205 (10 MA reclaim) Stop-Loss: $0.182 (below $0.184 swing low) Tight SL to reduce drawdown if support breaks Take Profit Targets: TP1: $0.205 (MA10 resistance) TP2: $0.219 (range high / previous rejection zone) TP3 (optional): $0.235–0.24 (breakout continuation) Risk-Reward: R:R = ~2.5–3x if it runs to $0.219+

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Here’s how Pectra Upgrade impacts staking and the potential $ETH ETFs: The Ethereum Pectra upgrade brings a major change to staking by increasing the validator balance limit from 32 ETH to 2,048 ETH. Staking Changes in Pectra: 1. Higher Validator Cap – Validators can now stake up to 2,048 ETH per validator, compared to the current 32 ETH limit. This reduces the need for large stakers to run multiple validators, making staking operations more efficient. 2. More Efficient Withdrawals – The update introduces better staking exit mechanisms, allowing for improved liquidity and smoother staking withdrawals. Impact on ETH ETFs: 1. Institutional Efficiency – Since many institutions looking to issue Ethereum spot ETFs (like BlackRock, Fidelity, etc.) will need to stake ETH to generate yield, the ability to stake more ETH per validator makes staking more scalable for them. 2. Lower Infrastructure Costs – Instead of managing thousands of validators with 32 ETH each, large holders can consolidate their stake, reducing operational complexity and cost. 3. Better Liquidity & Yield – With more efficient staking and withdrawals, ETFs that stake ETH can offer better redemption processes and yield generation, making them more attractive to investors. This change aligns with Ethereum’s push to be more institutional-friendly while improving the overall staking ecosystem.

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