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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
#stablecoin #BlackRocks #Bitcoin❗ #BlackRock
- *Bitcoin halving*: the number of bitcoins rewarded to miners will be cut in half, which has led to increased demand and higher prices in the past
- *Regulatory clarity*: as governments figure out how to regulate cryptocurrency, it may become more attractive to investors
- *Institutional investment*: big investors like BlackRock may start putting their clients' money in bitcoin
- *Stablecoin acceptance*: more businesses may start accepting stablecoins for transactions
- *Bitcoin halving*: the number of bitcoins rewarded to miners will be cut in half, which has led to increased demand and higher prices in the past
- *Regulatory clarity*: as governments figure out how to regulate cryptocurrency, it may become more attractive to investors
- *Institutional investment*: big investors like BlackRock may start putting their clients' money in bitcoin
- *Stablecoin acceptance*: more businesses may start accepting stablecoins for transactions
💥💥💥 #Ethereum Surges in Popularity Across Social Media Platforms
Ethereum Takes Center Stage Amidst ETF Anticipation
Ethereum has emerged as the focal point of discussions across various cryptocurrency platforms, including X, Discord, Telegram, 4chan, and BitcoinTalk. The community's attention is primarily fixated on the impending decision by the U.S.
Securities and Exchange Commission (SEC) regarding the approval of the first spot Ethereum ($ETH ) Exchange-Traded Fund (ETF).
Price Forecast: Ethereum Eyes $4,200
- Renowned cryptocurrency analyst Jelle has identified a notable breakout in Ethereum's price action. His analysis indicates that ETH is breaking free from a falling wedge pattern, typically signaling an imminent bullish trend. Jelle has set a target price of $4,200 for Ethereum, suggesting significant upside potential from its current levels.
Tether FUD and Market Dynamics
- In parallel, discussions surrounding Tether, a widely used #stablecoin , have sparked fear, uncertainty, and doubt (FUD) in the market. However, some market enthusiasts speculate that these conversations could actually fuel bullish sentiments, potentially driving notable price increases across the #cryptocurrency market, including Ethereum.
Source - blockchainreporter.net
#BinanceSquareTalks #CryptoTrends2024
Ethereum Takes Center Stage Amidst ETF Anticipation
Ethereum has emerged as the focal point of discussions across various cryptocurrency platforms, including X, Discord, Telegram, 4chan, and BitcoinTalk. The community's attention is primarily fixated on the impending decision by the U.S.
Securities and Exchange Commission (SEC) regarding the approval of the first spot Ethereum ($ETH ) Exchange-Traded Fund (ETF).
Price Forecast: Ethereum Eyes $4,200
- Renowned cryptocurrency analyst Jelle has identified a notable breakout in Ethereum's price action. His analysis indicates that ETH is breaking free from a falling wedge pattern, typically signaling an imminent bullish trend. Jelle has set a target price of $4,200 for Ethereum, suggesting significant upside potential from its current levels.
Tether FUD and Market Dynamics
- In parallel, discussions surrounding Tether, a widely used #stablecoin , have sparked fear, uncertainty, and doubt (FUD) in the market. However, some market enthusiasts speculate that these conversations could actually fuel bullish sentiments, potentially driving notable price increases across the #cryptocurrency market, including Ethereum.
Source - blockchainreporter.net
#BinanceSquareTalks #CryptoTrends2024
Assalam Alikum everyone .
I don't post any article for al almost 2 months because I was busy in exams.
I am unaware of market for last 2 months
.
Today I again join the crypto please 🙏 tell me some stable coins.
#stablecoin #Write&Earn #BinanceLaunchpool #MicroStrategy #buythedip
I don't post any article for al almost 2 months because I was busy in exams.
I am unaware of market for last 2 months
.
Today I again join the crypto please 🙏 tell me some stable coins.
#stablecoin #Write&Earn #BinanceLaunchpool #MicroStrategy #buythedip
Assalam Alikum everyone.
I got a huge profit from thes coin buy this it is going to cross 60$.
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
🔥🔥🔥 #tether mints another $1B — Last time, it helped Bitcoin climb to $73K
Bitcoin has transformed its former resistance into support as Tether’s USDT market cap grows rapidly in 2024.
Tether (USDT), the world’s largest #stablecoin , has minted another $1 billion, pushing its market capitalization above $110 billion. This surge could potentially drive Bitcoin's ($BTC ) price to new all-time highs.
The Tether treasury minted $1 billion worth of USDT in the last 24 hours, raising its yearly total to $31 billion. This increase in USDT was a major factor in Bitcoin’s climb from $27,000 to $73,000, as reported by Lookonchain on May 17.
Tether's impact on Bitcoin extends further. The company plans to invest 15% of its net profits into Bitcoin to diversify its asset backing. On March 31, Tether acquired 8,888 BTC worth $618 million, becoming the seventh-largest Bitcoin holder, according to Bitinfocharts. Currently, Tether holds over 78,317 BTC, valued at over $5.18 billion, a year after announcing its diversification plan.
Bitcoin's price movement is still influenced by institutional inflows into spot Bitcoin exchange-traded funds (#ETFs ). U.S. Bitcoin ETFs have seen two consecutive weeks of net positive inflows, accumulating over $200 million, as per Dune.
Institutional investments through ETFs have significantly contributed to Bitcoin’s recent rally to new highs. By February 15, Bitcoin ETFs accounted for about 75% of new investments in Bitcoin as it surpassed the $50,000 mark.
On May 16, Bitcoin confirmed a breakout on the daily chart, establishing $65,000 as strong support, according to TradingView. Crypto analyst Rekt Capital also noted that Bitcoin has turned its previous resistance into support on the monthly chart.
Bitcoin may temporarily drop below $63,500 before rising to $70,000, according to ScorehoodAI. This correction could liquidate over $1.76 billion in leveraged long positions, with a drop below $63,000 potentially increasing liquidations to $1.87 billion, based on Coinglass data.
Source - cointelegraph.com
#BinanceSquareBTC
Bitcoin has transformed its former resistance into support as Tether’s USDT market cap grows rapidly in 2024.
Tether (USDT), the world’s largest #stablecoin , has minted another $1 billion, pushing its market capitalization above $110 billion. This surge could potentially drive Bitcoin's ($BTC ) price to new all-time highs.
The Tether treasury minted $1 billion worth of USDT in the last 24 hours, raising its yearly total to $31 billion. This increase in USDT was a major factor in Bitcoin’s climb from $27,000 to $73,000, as reported by Lookonchain on May 17.
Tether's impact on Bitcoin extends further. The company plans to invest 15% of its net profits into Bitcoin to diversify its asset backing. On March 31, Tether acquired 8,888 BTC worth $618 million, becoming the seventh-largest Bitcoin holder, according to Bitinfocharts. Currently, Tether holds over 78,317 BTC, valued at over $5.18 billion, a year after announcing its diversification plan.
Bitcoin's price movement is still influenced by institutional inflows into spot Bitcoin exchange-traded funds (#ETFs ). U.S. Bitcoin ETFs have seen two consecutive weeks of net positive inflows, accumulating over $200 million, as per Dune.
Institutional investments through ETFs have significantly contributed to Bitcoin’s recent rally to new highs. By February 15, Bitcoin ETFs accounted for about 75% of new investments in Bitcoin as it surpassed the $50,000 mark.
On May 16, Bitcoin confirmed a breakout on the daily chart, establishing $65,000 as strong support, according to TradingView. Crypto analyst Rekt Capital also noted that Bitcoin has turned its previous resistance into support on the monthly chart.
Bitcoin may temporarily drop below $63,500 before rising to $70,000, according to ScorehoodAI. This correction could liquidate over $1.76 billion in leveraged long positions, with a drop below $63,000 potentially increasing liquidations to $1.87 billion, based on Coinglass data.
Source - cointelegraph.com
#BinanceSquareBTC
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
Real World Assets (RWA) have been proposed to the #Aave community by the decentralized lending protocol #Centrifuge who intends to use them as security for the native #stablecoin GHO. An official proposal will be made as soon as the GHO coordinator is prepared.
#crypto2023
#crypto2023
JUST IN: 🇦🇺 National Australia Bank launches #stablecoin fully backed by Australian dollars.
#crypto2023
#crypto2023
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?🙏🏻
The New York Department of #FinancialFuture Services is ordering Paxos to stop issuing #Binance BUSD- the 3rd largest #stablecoin . #BNB #BUSD
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
Circle Clears 'Almost All' Backlog for Minting And Redeeming USDC
Circle, a #stablecoin issuer, revealed that it has mostly fulfilled all of the outstanding redemption requests for its stablecoin Dollar Coin (USDC).
Circle said that it has redeemed $3.8 billion USDC and issued $800 million USDC between the morning of March 13 and the close of business on March 15 in an operational update.
Update: As of close of U.S. banking operations Wednesday, March 15, we have cleared substantially all of the backlog of minting and redemption requests for USDC. Get the details: https://t.co/5WEAgPps0E
— Circle (@circle) March 16, 2023
After reporting last week that it held stablecoin reserves worth $3.3 billion in the now-defunct #SiliconValley Bank, which caused USDC to lose its dollar peg, Circle experienced a bank run.
In a blog post, Circle stated that the recent events had an effect on USDC's liquidity operations. It also stated that it has been working to restart services with alternative banking partners, notably payment and #USDC redemption services.
A new banking partner was employed by #Circle on March 14 for wire transfers inside the United States, and on March 15 for transfers outside to and from 19 other countries.
It stated that by March 16, further capabilities were anticipated to be online.
Circle said that it has redeemed $3.8 billion USDC and issued $800 million USDC between the morning of March 13 and the close of business on March 15 in an operational update.
Update: As of close of U.S. banking operations Wednesday, March 15, we have cleared substantially all of the backlog of minting and redemption requests for USDC. Get the details: https://t.co/5WEAgPps0E
— Circle (@circle) March 16, 2023
After reporting last week that it held stablecoin reserves worth $3.3 billion in the now-defunct #SiliconValley Bank, which caused USDC to lose its dollar peg, Circle experienced a bank run.
In a blog post, Circle stated that the recent events had an effect on USDC's liquidity operations. It also stated that it has been working to restart services with alternative banking partners, notably payment and #USDC redemption services.
A new banking partner was employed by #Circle on March 14 for wire transfers inside the United States, and on March 15 for transfers outside to and from 19 other countries.
It stated that by March 16, further capabilities were anticipated to be online.
🔔 According To Reports, Ripple Is Creating A National Stablecoin For The Republic Of Palau.
#stablecoin #ripple #xrp #millennial
✅https://cryptocrunchapp.com/news/according-to-reports-ripple-is-creating-a-national-stablecoin-for-the-republic-of-palau
#stablecoin #ripple #xrp #millennial
✅https://cryptocrunchapp.com/news/according-to-reports-ripple-is-creating-a-national-stablecoin-for-the-republic-of-palau
Decentralized stablecoins FRAX and DAI, which have significant exposure to Circle, both de-pegged and fell below $0.96. According to @karl_0x, FRAX has more than 80% exposure to Circle, DAI is close to 50%, while LUSD and RAI have no similar custody risk.
#crypto2023 #stablecoin
#crypto2023 #stablecoin
