Revolut chooses Polygon to launch its EURR stablecoin
$MATIC trades today at $0.38 (45% below its 200-day moving average).
Key data: Revolut launched an euro-backed stablecoin, EURR, on the Polygon and Ethereum blockchains. Polygon is also preparing for the official migration of MATIC to POL on September 4, on a 1:1 basis.
My take: Revolut’s adoption is a positive sign for the Polygon ecosystem. However, the price of MATIC is well below its moving averages. A bounce to 0.45 is expected in the next 7–10 days.
❓ Do you have MATIC or have you already migrated to POL?
#Write2Earn #MATİC #Polygon #pol #Stablecoins
$MATIC trades today at $0.38 (45% below its 200-day moving average).
Key data: Revolut launched an euro-backed stablecoin, EURR, on the Polygon and Ethereum blockchains. Polygon is also preparing for the official migration of MATIC to POL on September 4, on a 1:1 basis.
My take: Revolut’s adoption is a positive sign for the Polygon ecosystem. However, the price of MATIC is well below its moving averages. A bounce to 0.45 is expected in the next 7–10 days.
❓ Do you have MATIC or have you already migrated to POL?
#Write2Earn #MATİC #Polygon #pol #Stablecoins