稳定币
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$ENA and $USUAL are both RWA stablecoin projects. Recently, I saw many people comparing these two tokens together. After careful analysis, they are completely different.
The ENA project is essentially a risk-free arbitrage FOF fund manager, investing assets in risk-free arbitrage strategy funds to bring real value growth to USDE holders. The project party will then receive a certain amount of management fees from the invested funds, and the minting and redemption of USDE will also charge fees (similar to the subscription fee and redemption fee of the fund). This part of the long-term and stable income may be distributed to token holders in the future. This dividend expectation and the sustainable business model and high income of the project party have become the value basis of ENA.
The USUAL project party has no long-term stable income, but those who pledged high currency prices in the early stage are willing to use the income from US bonds to exchange for tokens with higher value to sell to the leeks who take over. Unless there are new leeks/new funds to pull the market, the token will eventually be a death spiral.
#稳定币
The ENA project is essentially a risk-free arbitrage FOF fund manager, investing assets in risk-free arbitrage strategy funds to bring real value growth to USDE holders. The project party will then receive a certain amount of management fees from the invested funds, and the minting and redemption of USDE will also charge fees (similar to the subscription fee and redemption fee of the fund). This part of the long-term and stable income may be distributed to token holders in the future. This dividend expectation and the sustainable business model and high income of the project party have become the value basis of ENA.
The USUAL project party has no long-term stable income, but those who pledged high currency prices in the early stage are willing to use the income from US bonds to exchange for tokens with higher value to sell to the leeks who take over. Unless there are new leeks/new funds to pull the market, the token will eventually be a death spiral.
#稳定币
DVShark Talk:
You are right. The annualized U.S. Treasury bond is not a return, pledged lending does not require interest, and there is no income from trading pair arbitrage. This is very interesting.
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Tether makes its first cross-border VC investment, investing $2 million in the Web3 fund. What is this going to stir up?
Have you ever thought that stablecoin giant Tether has also started venture capital? Yes, it has! Tether, the company that issued the world’s leading stablecoin USDT, recently announced that it has invested $2 million in Arcanum Capital’s Arcanum Emerging Technologies Fund II, marking its first VC investment!
Imagine that a big player who used to be a big shot in the stablecoin field suddenly turned around and became a supporter of the Web3 project. Does this indicate something? Is the next outlet for stablecoins coming, or is the Web3 project about to usher in a new spring?
Imagine that a big player who used to be a big shot in the stablecoin field suddenly turned around and became a supporter of the Web3 project. Does this indicate something? Is the next outlet for stablecoins coming, or is the Web3 project about to usher in a new spring?
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🚀SpaceX adopts a stablecoin strategy to mitigate foreign exchange volatility risks💰
Silicon Valley venture capitalist Chamath Palihapitiya revealed on the All-In podcast that SpaceX has implemented a strategy to reduce potential financial losses from international currency exchange rate fluctuations by converting revenue from "long tail countries," which refers to those from so-called "developing countries" or "emerging market countries," into stablecoins.
Starlink, as a wholly-owned subsidiary of SpaceX, provides satellite internet services to customers worldwide. SpaceX is mitigating the risks of foreign exchange fluctuations by converting Starlink's revenue into stablecoins.
Palihapitiya emphasized that stablecoins have the potential to become a primary tool for cross-border transactions in the U.S., gradually phasing out outdated banking infrastructure, which should not be the subject of taxation.
He further pointed out that stablecoin providers, such as Tether and Circle, are fiercely competing with traditional financial institutions in terms of funds storage and transfer services, even competing with payment giants like Mastercard and American Express.
Aaron Levie, CEO of enterprise cloud company Box, also supports this viewpoint, believing that it is reasonable for stablecoins to replace traditional mediums of exchange.
This strategy by SpaceX, along with Musk's preference for cryptocurrencies, also highlights the growing influence of stablecoins in global economic activities.
In summary, SpaceX's strategy not only demonstrates its foresight in financial management but also reflects the increasing influence of stablecoins in global economic activities.
With Tesla's investment in Bitcoin yielding billions in returns and the X platform exploring cryptocurrency payment capabilities, the future of stablecoins is filled with limitless possibilities.
💬 What do you think about SpaceX's strategy of using stablecoins to mitigate foreign exchange risks? Does this indicate that the role of stablecoins in the global financial system will become increasingly important?
#SpaceX #稳定币 #外汇风险 #加密货币 #马斯克
Silicon Valley venture capitalist Chamath Palihapitiya revealed on the All-In podcast that SpaceX has implemented a strategy to reduce potential financial losses from international currency exchange rate fluctuations by converting revenue from "long tail countries," which refers to those from so-called "developing countries" or "emerging market countries," into stablecoins.
Starlink, as a wholly-owned subsidiary of SpaceX, provides satellite internet services to customers worldwide. SpaceX is mitigating the risks of foreign exchange fluctuations by converting Starlink's revenue into stablecoins.
Palihapitiya emphasized that stablecoins have the potential to become a primary tool for cross-border transactions in the U.S., gradually phasing out outdated banking infrastructure, which should not be the subject of taxation.
He further pointed out that stablecoin providers, such as Tether and Circle, are fiercely competing with traditional financial institutions in terms of funds storage and transfer services, even competing with payment giants like Mastercard and American Express.
Aaron Levie, CEO of enterprise cloud company Box, also supports this viewpoint, believing that it is reasonable for stablecoins to replace traditional mediums of exchange.
This strategy by SpaceX, along with Musk's preference for cryptocurrencies, also highlights the growing influence of stablecoins in global economic activities.
In summary, SpaceX's strategy not only demonstrates its foresight in financial management but also reflects the increasing influence of stablecoins in global economic activities.
With Tesla's investment in Bitcoin yielding billions in returns and the X platform exploring cryptocurrency payment capabilities, the future of stablecoins is filled with limitless possibilities.
💬 What do you think about SpaceX's strategy of using stablecoins to mitigate foreign exchange risks? Does this indicate that the role of stablecoins in the global financial system will become increasingly important?
#SpaceX #稳定币 #外汇风险 #加密货币 #马斯克
XDOrz:
NICE
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A Century-Long Partnership Between DeFi and Traditional Finance? How Shocking is the Collaboration Between Frax and BlackRock!
Have you ever thought about the global largest asset management company BlackRock partnering with the leading DeFi project Frax Finance? This could be a historic transformation in the stablecoin market! With BlackRock's BUIDL token proposed as a reserve asset for Frax USD, the boundaries between DeFi and traditional finance are gradually dissolving. What opportunities and trends worth our attention are hidden behind this?
BlackRock and Frax: A Strong Alliance of Traditional Finance and DeFi
BlackRock's BUIDL token is its first tokenized fund, and the purpose of this proposal is not only to enhance the stability of Frax USD but also to provide it with strong credit backing. Imagine a financial giant managing $11.5 trillion in assets, directing resources toward the DeFi field! This not only enhances the market credibility of Frax USD but also brings a new development paradigm to the stablecoin market.
BlackRock and Frax: A Strong Alliance of Traditional Finance and DeFi
BlackRock's BUIDL token is its first tokenized fund, and the purpose of this proposal is not only to enhance the stability of Frax USD but also to provide it with strong credit backing. Imagine a financial giant managing $11.5 trillion in assets, directing resources toward the DeFi field! This not only enhances the market credibility of Frax USD but also brings a new development paradigm to the stablecoin market.
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Recently, a new thing has emerged in the cryptocurrency circle, called USUAL Protocol, which claims to be a "decentralized bank" and to move real-world assets (RWA) to the chain. Does it sound familiar? Various "RWA narrative" projects have emerged one after another. Today, Lao Leek will take a look at this USUAL Protocol.
The core of USUAL is the USD0 stablecoin, which is said to solve the problem of uneven distribution of income of the current mainstream stablecoins. They have set up a mechanism of direct minting and indirect minting, which sounds quite fancy. Direct minting is to exchange collateral directly for USD0, and indirect minting is done through DAO. The white paper says that they will accept a variety of collateral, but what are they? What is the collateral ratio? These key information are not clearly stated, which makes people have to doubt their sincerity. Collateral is the lifeblood of stablecoins. If this aspect is not done well, the stability of USD0 will be worrying.
Another key to USUAL is the USUAL token, which is said to be a governance token, and a deflation model is also set up to stimulate user participation. Old leeks have seen this routine many times, it is nothing more than trying to pull the market and cut leeks. Of course, if the project can really develop, token holders can also get a share. But the question is, how big is this "if"? At present, the RWA track is still in its early stages and faces many challenges such as supervision and technology. Whether USUAL can stand out is still unknown.
The white paper also mentions risk management, saying that technical risks, mortgage risks, and product risks must be managed. This is right. Which project does not pay attention to risks? But the real risks are often hidden in the details and cannot be solved by talking about them. Old leeks suggest that if possible, carefully study their smart contract code to see if there are any loopholes.
In short, the starting point of USUAL Protocol is good, and it wants to solve some pain points in the current stablecoin and RWA fields. But old leeks want to remind everyone that any new project has risks, especially projects with relatively new concepts. Don't just listen to their exaggerations, but observe, think, and study more. Don't go all in easily, and don't be overwhelmed by FOMO emotions. #USUAL #USUAL走势分析 #RWA #稳定币 #DeFi
The core of USUAL is the USD0 stablecoin, which is said to solve the problem of uneven distribution of income of the current mainstream stablecoins. They have set up a mechanism of direct minting and indirect minting, which sounds quite fancy. Direct minting is to exchange collateral directly for USD0, and indirect minting is done through DAO. The white paper says that they will accept a variety of collateral, but what are they? What is the collateral ratio? These key information are not clearly stated, which makes people have to doubt their sincerity. Collateral is the lifeblood of stablecoins. If this aspect is not done well, the stability of USD0 will be worrying.
Another key to USUAL is the USUAL token, which is said to be a governance token, and a deflation model is also set up to stimulate user participation. Old leeks have seen this routine many times, it is nothing more than trying to pull the market and cut leeks. Of course, if the project can really develop, token holders can also get a share. But the question is, how big is this "if"? At present, the RWA track is still in its early stages and faces many challenges such as supervision and technology. Whether USUAL can stand out is still unknown.
The white paper also mentions risk management, saying that technical risks, mortgage risks, and product risks must be managed. This is right. Which project does not pay attention to risks? But the real risks are often hidden in the details and cannot be solved by talking about them. Old leeks suggest that if possible, carefully study their smart contract code to see if there are any loopholes.
In short, the starting point of USUAL Protocol is good, and it wants to solve some pain points in the current stablecoin and RWA fields. But old leeks want to remind everyone that any new project has risks, especially projects with relatively new concepts. Don't just listen to their exaggerations, but observe, think, and study more. Don't go all in easily, and don't be overwhelmed by FOMO emotions. #USUAL #USUAL走势分析 #RWA #稳定币 #DeFi
Jazz Trader:
一眼用ai写的文案
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Looking for the next XRP and understanding PlatON's payment landscape.
Stablecoins, as tokenized representations of fiat currency circulating on the blockchain, are undoubtedly the 'killer application' of the crypto market to date. By the end of 2024, this currency operating parallel to traditional financial infrastructure has a total market value exceeding $200 billion. With the rise of stablecoins in the past five years and their deepening integration into the global economy, the potential of blockchain as financial infrastructure will inevitably be tapped and fully utilized by the traditional financial world beyond the crypto market.
VISA believes that stablecoins are a payment innovation with the potential to provide safe, reliable, and convenient payments for more people in more places. While we are still searching for specific data on the use of stablecoins for payments, Ripple, the earliest and most seasoned blockchain payment company in the market, and its token XRP have already seen value discovery and reassessment in the market.
VISA believes that stablecoins are a payment innovation with the potential to provide safe, reliable, and convenient payments for more people in more places. While we are still searching for specific data on the use of stablecoins for payments, Ripple, the earliest and most seasoned blockchain payment company in the market, and its token XRP have already seen value discovery and reassessment in the market.
vrooo:
归零的币，还不如持有bttc币。
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🚀Stablecoins have become a strong "fuel" for the rebound of the crypto market, and the inflow of Tether (USDT) has increased dramatically during the bull market
In recent months, the cryptocurrency market has ushered in a strong bull market, and the massive inflow of Tether (USDT) stablecoins is undoubtedly a key factor driving this round of gains.
The recent performance of Bitcoin (BTC) has made the entire cryptocurrency market hot, and everyone is extremely bullish on the market. Against this backdrop, the sharp increase in the number of USDT inflows into exchanges cannot be a key factor in supporting the cryptocurrency bull market that has lasted for more than two months.
According to Santiment data, an average of $40 million USDT has flowed into exchanges every day over the past eight weeks. These inflows have not only driven the price surge, but also brought positive sentiment and liquidity to the market. As traders continue to allocate funds to cryptocurrencies, this stablecoin "dry powder" will continue to flow in in the final stages of 2024, and the overall market's upward momentum has further growth potential.
Despite the many participants in the stablecoin market, USDT has become the undisputed dominant force this year. A year ago, its supply was 90 billion — an impressive 50 billion increase in 12 months. USDT currently controls 66% of the $212 billion stablecoin market and will remain the top-ranked coin in terms of trading volume throughout 2024.
According to the report, stablecoins may grow from 1% to 10% of the US M2 money supply and foreign exchange trading. This is because the use of stablecoins has expanded beyond cryptocurrency trading to cross-border payments, payroll, trade settlements and remittances.
The report points out that stablecoins can solve the problem of inefficiency in the traditional financial system and provide faster and cheaper transactions. Among them, regulatory transparency is seen as a key factor in unlocking the full potential of stablecoins, especially the regulatory policies that may be introduced by the Trump administration in 2025.
In addition, the growing adoption of stablecoins in emerging markets such as Brazil and Nigeria is also expected to further drive market demand for more stablecoins.
In short, as the stablecoin market continues to develop and mature, it is expected to bring more innovation and changes to the global financial system in the future.
#加密货币 #USDT #牛市 #稳定币 #市场动态
In recent months, the cryptocurrency market has ushered in a strong bull market, and the massive inflow of Tether (USDT) stablecoins is undoubtedly a key factor driving this round of gains.
The recent performance of Bitcoin (BTC) has made the entire cryptocurrency market hot, and everyone is extremely bullish on the market. Against this backdrop, the sharp increase in the number of USDT inflows into exchanges cannot be a key factor in supporting the cryptocurrency bull market that has lasted for more than two months.
According to Santiment data, an average of $40 million USDT has flowed into exchanges every day over the past eight weeks. These inflows have not only driven the price surge, but also brought positive sentiment and liquidity to the market. As traders continue to allocate funds to cryptocurrencies, this stablecoin "dry powder" will continue to flow in in the final stages of 2024, and the overall market's upward momentum has further growth potential.
Despite the many participants in the stablecoin market, USDT has become the undisputed dominant force this year. A year ago, its supply was 90 billion — an impressive 50 billion increase in 12 months. USDT currently controls 66% of the $212 billion stablecoin market and will remain the top-ranked coin in terms of trading volume throughout 2024.
According to the report, stablecoins may grow from 1% to 10% of the US M2 money supply and foreign exchange trading. This is because the use of stablecoins has expanded beyond cryptocurrency trading to cross-border payments, payroll, trade settlements and remittances.
The report points out that stablecoins can solve the problem of inefficiency in the traditional financial system and provide faster and cheaper transactions. Among them, regulatory transparency is seen as a key factor in unlocking the full potential of stablecoins, especially the regulatory policies that may be introduced by the Trump administration in 2025.
In addition, the growing adoption of stablecoins in emerging markets such as Brazil and Nigeria is also expected to further drive market demand for more stablecoins.
In short, as the stablecoin market continues to develop and mature, it is expected to bring more innovation and changes to the global financial system in the future.
#加密货币 #USDT #牛市 #稳定币 #市场动态
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Stablecoin developer Usual has opened the airdrop for the USUAL token.
Some An will open spot trading on December 18, 2024, at 19:00 (UTC+8).
Some An will open spot trading on December 18, 2024, at 19:00 (UTC+8).
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Stablecoin developer Usual has opened the airdrop for USUAL tokens.
Certain An will open spot trading on December 18, 2024, at 19:00 (UTC+8).
Certain An will open spot trading on December 18, 2024, at 19:00 (UTC+8).
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sBTC has been launched on the Stacks mainnet
The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 95.4%
Fidelity saw a net outflow of $128.2 million in FBTC yesterday
The total financing amount in the artificial intelligence sector has exceeded 82 billion yuan this year
OpenAI officially released the o1 model API, with costs down by 60%
Artificial intelligence company Databricks completed $10 billion in financing, with a valuation of $62 billion
Bloomberg: Traders are focusing on the Federal Reserve's interest rate decision
'Fat Penguin' Pudgy Penguins market cap has fallen out of the top three NFT series by market value
Hyperliquid's open contract holdings broke $4.2 billion two days ago, setting a new historical high
Floki has opened MONKY token airdrop eligibility inquiry
LTC rose 9.92% today, while STX fell 7.72%
Galaxy CEO predicts Bitcoin's market cap will surpass gold within 5 to 8 years
USDC Treasury issued an additional 50 million USDC on the Ethereum chain early this morning
The monthly fee income and active user numbers on the TRON chain have reached a historical high
ARK Invest reduced its stake in Coinbase stock by about $1.76 million yesterday
Users eligible for projects like Stakeland and BONK can receive PENGU token airdrops
Renzo has opened the third quarter airdrop claims, distributing 4% of REZ to over 80,000 addresses
A certain whale bought about $3.46 million of PENGU at an average price of $0.053, incurring a loss of over $1.6 million
Bitwise Chief Investment Officer: The U.S. Bitcoin Strategic Reserve Program could push BTC up to $500,000
Tether has issued 140 million USDT on the Aptos network in the past month
DeFi application layer Rujira completed $7 million in financing, and the TGE is expected to take place in February next year#BTC再创新高 #PENGU开盘 #币安Alpha #稳定币 #WAI
The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 95.4%
Fidelity saw a net outflow of $128.2 million in FBTC yesterday
The total financing amount in the artificial intelligence sector has exceeded 82 billion yuan this year
OpenAI officially released the o1 model API, with costs down by 60%
Artificial intelligence company Databricks completed $10 billion in financing, with a valuation of $62 billion
Bloomberg: Traders are focusing on the Federal Reserve's interest rate decision
'Fat Penguin' Pudgy Penguins market cap has fallen out of the top three NFT series by market value
Hyperliquid's open contract holdings broke $4.2 billion two days ago, setting a new historical high
Floki has opened MONKY token airdrop eligibility inquiry
LTC rose 9.92% today, while STX fell 7.72%
Galaxy CEO predicts Bitcoin's market cap will surpass gold within 5 to 8 years
USDC Treasury issued an additional 50 million USDC on the Ethereum chain early this morning
The monthly fee income and active user numbers on the TRON chain have reached a historical high
ARK Invest reduced its stake in Coinbase stock by about $1.76 million yesterday
Users eligible for projects like Stakeland and BONK can receive PENGU token airdrops
Renzo has opened the third quarter airdrop claims, distributing 4% of REZ to over 80,000 addresses
A certain whale bought about $3.46 million of PENGU at an average price of $0.053, incurring a loss of over $1.6 million
Bitwise Chief Investment Officer: The U.S. Bitcoin Strategic Reserve Program could push BTC up to $500,000
Tether has issued 140 million USDT on the Aptos network in the past month
DeFi application layer Rujira completed $7 million in financing, and the TGE is expected to take place in February next year#BTC再创新高 #PENGU开盘 #币安Alpha #稳定币 #WAI
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The Future Opportunities of Cryptocurrency Payments and DeFi -- Stablecoins
In the next three months, the cryptocurrency market will be influenced by U.S. policies, pushing the crypto market to new heights. As the cryptocurrency market continues to gain popularity and maturity, stablecoins will gradually become an important role in the crypto ecosystem that cannot be ignored.
The strong interest from venture capital (VC) in this field stems not only from the high liquidity and market potential of stablecoins but also from their application prospects in cryptocurrency payments, cross-border remittances, and DeFi. Stablecoins essentially reduce volatility by anchoring to fiat currencies or other assets, thereby providing a more stable medium of exchange within the cryptocurrency market.
With the booming DeFi and increasing demand for cryptocurrency payments, the market applications of stablecoins are gradually expanding to multiple areas such as cross-border payments, trade financing, and digital payments, becoming one of the cores of fintech innovation. They have significant advantages in cross-border payments, especially in reducing transaction costs and increasing payment speeds! Compared to traditional cross-border payments, stablecoins greatly simplify the process and reduce transaction fees by bypassing banking intermediaries.
In recent years, the application of stablecoins such as USDC and USDT has gradually expanded in emerging markets like Africa and Latin America, particularly in these regions' remittance needs, where stablecoins offer a more convenient and lower-cost payment method than traditional channels. Stablecoins are not only favored by the cryptocurrency industry but have also attracted the attention of traditional financial institutions.
For example, PayPal's launch of the PYUSD stablecoin is an important move in its strategy in the cryptocurrency payment sector, aiming to expand its global payment network through stablecoins, especially in the fields of cross-border payments and e-commerce.
Although the market prospects for stablecoins are broad, the uncertainty of global regulation remains a significant challenge. The most important issue is that compliance and legality in the U.S. have not yet been truly established. However, with the new administration reforming the cryptocurrency market and establishing crypto regulations, it is believed that the compliance of stablecoins is only a matter of time! After all, stablecoins are an important component of the cryptocurrency market, and their market and space continue to expand, attracting more VC investment attention.
The future of stablecoins will also be a huge opportunity for VC investment
#稳定币
In the next three months, the cryptocurrency market will be influenced by U.S. policies, pushing the crypto market to new heights. As the cryptocurrency market continues to gain popularity and maturity, stablecoins will gradually become an important role in the crypto ecosystem that cannot be ignored.
The strong interest from venture capital (VC) in this field stems not only from the high liquidity and market potential of stablecoins but also from their application prospects in cryptocurrency payments, cross-border remittances, and DeFi. Stablecoins essentially reduce volatility by anchoring to fiat currencies or other assets, thereby providing a more stable medium of exchange within the cryptocurrency market.
With the booming DeFi and increasing demand for cryptocurrency payments, the market applications of stablecoins are gradually expanding to multiple areas such as cross-border payments, trade financing, and digital payments, becoming one of the cores of fintech innovation. They have significant advantages in cross-border payments, especially in reducing transaction costs and increasing payment speeds! Compared to traditional cross-border payments, stablecoins greatly simplify the process and reduce transaction fees by bypassing banking intermediaries.
In recent years, the application of stablecoins such as USDC and USDT has gradually expanded in emerging markets like Africa and Latin America, particularly in these regions' remittance needs, where stablecoins offer a more convenient and lower-cost payment method than traditional channels. Stablecoins are not only favored by the cryptocurrency industry but have also attracted the attention of traditional financial institutions.
For example, PayPal's launch of the PYUSD stablecoin is an important move in its strategy in the cryptocurrency payment sector, aiming to expand its global payment network through stablecoins, especially in the fields of cross-border payments and e-commerce.
Although the market prospects for stablecoins are broad, the uncertainty of global regulation remains a significant challenge. The most important issue is that compliance and legality in the U.S. have not yet been truly established. However, with the new administration reforming the cryptocurrency market and establishing crypto regulations, it is believed that the compliance of stablecoins is only a matter of time! After all, stablecoins are an important component of the cryptocurrency market, and their market and space continue to expand, attracting more VC investment attention.
The future of stablecoins will also be a huge opportunity for VC investment
#稳定币
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Is Ripple about to make a big move? The RLUSD stablecoin is coming, are you ready?
Imagine a stablecoin that is not only pegged to the US dollar but is fully backed by USD deposits, government bonds, and cash equivalents, with independent audits every month for endorsement. Would you choose such a stablecoin? 💸 On December 17th, Ripple is set to launch the RLUSD stablecoin, which is undoubtedly a major debut in the market! 🎉
News AI analysis, please visit: mlion.ai
Want to know more? Let's unlock the potential behind RLUSD together! 🔑
First, a brief overview of Ripple's background. Since its establishment in 2012, Ripple has been deeply engaged in the blockchain payment field, striving to enhance cross-border payment efficiency and has established solid partnerships with numerous global banks and financial institutions. Its flagship product, the XRP Ledger, is praised as an efficient and secure distributed ledger. Despite facing a lawsuit from the U.S. Securities and Exchange Commission (SEC), recent court rulings have provided Ripple with more development opportunities. 💪
News AI analysis, please visit: mlion.ai
Want to know more? Let's unlock the potential behind RLUSD together! 🔑
First, a brief overview of Ripple's background. Since its establishment in 2012, Ripple has been deeply engaged in the blockchain payment field, striving to enhance cross-border payment efficiency and has established solid partnerships with numerous global banks and financial institutions. Its flagship product, the XRP Ledger, is praised as an efficient and secure distributed ledger. Despite facing a lawsuit from the U.S. Securities and Exchange Commission (SEC), recent court rulings have provided Ripple with more development opportunities. 💪
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Paxos lays off 20% of staff to focus on tokenization and stablecoins
It is reported that Paxos, a stablecoin issuing company, recently laid off 20% of its employees, or 65 employees, to adapt to the company's strategic adjustments. The total number of employees is currently between 200 and 300.
According to an internal email cited by Bloomberg, Paxos CEO Charles Cascarilla pointed out that the layoffs are to better grasp future opportunities in the fields of tokenization and stablecoins, and plans to gradually eliminate some services and concentrate resources on developing the main business.
Providing compensation packages to laid-off employees
Paxos provides laid-off employees with compensation packages including three months of subsidized health insurance, re-employment support, 13 weeks of severance pay, and two years of deferral of vested options. In addition, employees who participate in the quarterly incentive plan will receive a second quarter bonus, and employees who are on parental leave or sick leave will also receive corresponding compensation and benefits.
According to an internal email cited by Bloomberg, Paxos CEO Charles Cascarilla pointed out that the layoffs are to better grasp future opportunities in the fields of tokenization and stablecoins, and plans to gradually eliminate some services and concentrate resources on developing the main business.
Providing compensation packages to laid-off employees
Paxos provides laid-off employees with compensation packages including three months of subsidized health insurance, re-employment support, 13 weeks of severance pay, and two years of deferral of vested options. In addition, employees who participate in the quarterly incentive plan will receive a second quarter bonus, and employees who are on parental leave or sick leave will also receive corresponding compensation and benefits.
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#稳定币
Official announcement, it is indeed Dong Ge's company that issues stablecoins
The most explosive news in the circle these two days is the news that JD.com will issue Hong Kong dollar stablecoins in Hong Kong. It is indeed true, but the main body of issuing Hong Kong dollar stablecoins in the future is not the mainland JD Technology Group, but JD Technology Group's JD Coin Chain Technology Hong Kong company JD Jing Dong Coinlink. According to the official website of the Hong Kong company, JD.com Stablecoin is a stablecoin based on the supply chain and pegged to the Hong Kong dollar HKD1:1. It will be issued on the public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosure and audit reports. I was a little surprised. I didn't expect that it was a Hong Kong company under JD.com to make a Hong Kong dollar stablecoin. After all, it seems that there is a big gap for e-commerce companies to make stablecoins. It is not clear what kind of supply chain will be used to issue Hong Kong dollar stablecoins. There should be no need to worry. After all, it is possible to enter the list of participants in the stablecoin issuer sandbox announced by the Hong Kong Regulatory Authority. The strength must be extraordinary. If the Hong Kong dollar stablecoin is a major project that the Hong Kong government promises to the world to support WEB3, its application scenarios will not only involve payment, supply chain management, and capital markets, but also WEB3 games and virtual asset transactions in the circle. The Hong Kong dollar stablecoin is like a bridge, involving the real economy on one side and the virtual economy on the other. Therefore, this project can be said to be a collection of thousands of expectations in a lifetime. JD.com Hong Kong should be under great pressure. Judging from the sandbox selection and related news, it is not easy to become the issuer of the Hong Kong dollar stablecoin in the future. At least three hard conditions and two requirements must be met.
First: You must have a physical company in Hong Kong
Second: It must be licensed in compliance
Third: You must have a strong full asset reserve strength and cannot provide sufficient and highly liquid capital. It is very likely to lead to instability of stablecoins and holders suffering financial losses.
There are two requirements. One is that the issuer cannot raise funds from the public under various names, and the other is that it cannot provide any investment products. To put it bluntly, it must be reliable and compliant, have strength, and not act recklessly.
Official announcement, it is indeed Dong Ge's company that issues stablecoins
The most explosive news in the circle these two days is the news that JD.com will issue Hong Kong dollar stablecoins in Hong Kong. It is indeed true, but the main body of issuing Hong Kong dollar stablecoins in the future is not the mainland JD Technology Group, but JD Technology Group's JD Coin Chain Technology Hong Kong company JD Jing Dong Coinlink. According to the official website of the Hong Kong company, JD.com Stablecoin is a stablecoin based on the supply chain and pegged to the Hong Kong dollar HKD1:1. It will be issued on the public blockchain, and its reserves are composed of highly liquid and credible assets. These assets are safely stored in independent accounts of licensed financial institutions, and the integrity of the reserves is strictly verified through regular disclosure and audit reports. I was a little surprised. I didn't expect that it was a Hong Kong company under JD.com to make a Hong Kong dollar stablecoin. After all, it seems that there is a big gap for e-commerce companies to make stablecoins. It is not clear what kind of supply chain will be used to issue Hong Kong dollar stablecoins. There should be no need to worry. After all, it is possible to enter the list of participants in the stablecoin issuer sandbox announced by the Hong Kong Regulatory Authority. The strength must be extraordinary. If the Hong Kong dollar stablecoin is a major project that the Hong Kong government promises to the world to support WEB3, its application scenarios will not only involve payment, supply chain management, and capital markets, but also WEB3 games and virtual asset transactions in the circle. The Hong Kong dollar stablecoin is like a bridge, involving the real economy on one side and the virtual economy on the other. Therefore, this project can be said to be a collection of thousands of expectations in a lifetime. JD.com Hong Kong should be under great pressure. Judging from the sandbox selection and related news, it is not easy to become the issuer of the Hong Kong dollar stablecoin in the future. At least three hard conditions and two requirements must be met.
First: You must have a physical company in Hong Kong
Second: It must be licensed in compliance
Third: You must have a strong full asset reserve strength and cannot provide sufficient and highly liquid capital. It is very likely to lead to instability of stablecoins and holders suffering financial losses.
There are two requirements. One is that the issuer cannot raise funds from the public under various names, and the other is that it cannot provide any investment products. To put it bluntly, it must be reliable and compliant, have strength, and not act recklessly.
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Why does everyone want to get a piece of the stablecoin pie?
Recently, JD.com and Xiaomi have teamed up to issue Hong Kong dollar stablecoins in Hong Kong. At present, the absolute king of the stablecoin market is [Tether USDT], but almost all traditional giants want to enter the stablecoin market to get a piece of the pie, including Paypal, Binance, etc.
The reason is that stablecoins are the foundation of Web3. As long as Web3 is still there, the demand for stablecoins will always be there, which is beyond doubt.
Secondly, stablecoins are a super transaction that is guaranteed to make money. Almost 99% of people in the currency circle will not experience redemption operations from stablecoin issuers throughout their entire currency circle career. Because everyone is C2C, I have 1 USDT, sell it to you, you give me the corresponding value of legal currency, and I give you this 1 USDT. This process does not involve redemption operations with the issuer.
Therefore, stablecoin issuers can use everyone's money to do capital transactions. Tether is basically all in US bonds, which is a more violent and stable transaction than banks.
In fact, many people in China who want to withdraw money use JD.com cards. JD.com now issues its own stablecoins, which makes things much easier. For JD.com, it is equivalent to printing its own money, providing a lot of cash flow, which is much greater than the cash flow brought by JD Finance.
It is difficult to subvert the dominance of USDT, but it does not affect coming in to share a piece of the pie.
#京东发行稳定币 #USDT #泰达币 #稳定币
$BTC $ETH $BNB
Recently, JD.com and Xiaomi have teamed up to issue Hong Kong dollar stablecoins in Hong Kong. At present, the absolute king of the stablecoin market is [Tether USDT], but almost all traditional giants want to enter the stablecoin market to get a piece of the pie, including Paypal, Binance, etc.
The reason is that stablecoins are the foundation of Web3. As long as Web3 is still there, the demand for stablecoins will always be there, which is beyond doubt.
Secondly, stablecoins are a super transaction that is guaranteed to make money. Almost 99% of people in the currency circle will not experience redemption operations from stablecoin issuers throughout their entire currency circle career. Because everyone is C2C, I have 1 USDT, sell it to you, you give me the corresponding value of legal currency, and I give you this 1 USDT. This process does not involve redemption operations with the issuer.
Therefore, stablecoin issuers can use everyone's money to do capital transactions. Tether is basically all in US bonds, which is a more violent and stable transaction than banks.
In fact, many people in China who want to withdraw money use JD.com cards. JD.com now issues its own stablecoins, which makes things much easier. For JD.com, it is equivalent to printing its own money, providing a lot of cash flow, which is much greater than the cash flow brought by JD Finance.
It is difficult to subvert the dominance of USDT, but it does not affect coming in to share a piece of the pie.
#京东发行稳定币 #USDT #泰达币 #稳定币
$BTC $ETH $BNB
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BUSD stablecoin dominance shifts as regulatory challenges ease
This article briefly:
•Two prominent stablecoins, BUSD and USDC, have had different fates due to regulatory scrutiny.
•Circle’s USDC experienced its first supply increase in over 10 months, marking a significant shift.
• On the other hand, Binance’s BUSD is facing a sharp decline and the supply is close to being exhausted.
USD Coin (USDC) and Binance USD (BUSD) have had very different fates. USDC has experienced a significant upward trend, rebounding from the U.S. banking crisis, while BUSD is facing a severe supply shortage.
The disparity highlights shifts within the stablecoin market, particularly affected by the regulatory challenges encountered over the past year.
•Two prominent stablecoins, BUSD and USDC, have had different fates due to regulatory scrutiny.
•Circle’s USDC experienced its first supply increase in over 10 months, marking a significant shift.
• On the other hand, Binance’s BUSD is facing a sharp decline and the supply is close to being exhausted.
USD Coin (USDC) and Binance USD (BUSD) have had very different fates. USDC has experienced a significant upward trend, rebounding from the U.S. banking crisis, while BUSD is facing a severe supply shortage.
The disparity highlights shifts within the stablecoin market, particularly affected by the regulatory challenges encountered over the past year.
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#稳定币 #京东发行稳定币 #中国香港概念
This is undoubtedly a milestone event in the long river of history, marking a major breakthrough in the field of financial technology.
JD.com, an e-commerce giant, has announced that it will issue a stablecoin directly linked to the legal currency Hong Kong dollar in Hong Kong. This decision is so bold that it is hard to imagine its courage and boldness if it is not clearly supported and recognized by the top leaders.
For a long time, the direct link between cryptocurrency and legal currency has been regarded as a sensitive area. Now the breaking of this taboo undoubtedly sends a strong signal: the Eastern power is determined to play a more active role in stabilizing the financial market and no longer let the United States and other Western countries dominate.
JD.com's move is specifically manifested in the fact that JD.com Coin Chain Technology (Hong Kong), a subsidiary of its technology group, will launch a stablecoin based on public blockchain technology, which is strictly anchored to the Hong Kong dollar at a ratio of 1:1.
This innovative move not only reflects JD.com's in-depth exploration and application of blockchain technology, but also demonstrates its firm commitment to improving financial stability and promoting the development of the digital economy.
The issuance of this stablecoin will rely on highly liquid and reputable asset reserves, which will be safely stored in independent accounts of authorized financial institutions and subject to regular information disclosure and strict audit supervision to ensure the integrity and transparency of the reserves.
It is worth mentioning that shortly before the release of this news, JD Coin Chain Technology (Hong Kong) was listed in the list of participants in the "Sandbox" of stablecoin issuers announced by the Hong Kong Monetary Authority, which undoubtedly provided solid policy support and regulatory guarantees for the issuance of JD's stablecoin.
This move not only demonstrates Hong Kong's open attitude and positive actions towards emerging financial technologies as an international financial center, but also sets a new benchmark for the development of global financial technology.
In summary, JD's issuance of a stablecoin pegged to the Hong Kong dollar in Hong Kong is not only a concentrated display of its own financial technology strength, but also a major step taken by the Eastern power in the field of financial stability and digital economy.
This historic move will undoubtedly bring new opportunities and challenges to the future development of the global financial market.
This is undoubtedly a milestone event in the long river of history, marking a major breakthrough in the field of financial technology.
JD.com, an e-commerce giant, has announced that it will issue a stablecoin directly linked to the legal currency Hong Kong dollar in Hong Kong. This decision is so bold that it is hard to imagine its courage and boldness if it is not clearly supported and recognized by the top leaders.
For a long time, the direct link between cryptocurrency and legal currency has been regarded as a sensitive area. Now the breaking of this taboo undoubtedly sends a strong signal: the Eastern power is determined to play a more active role in stabilizing the financial market and no longer let the United States and other Western countries dominate.
JD.com's move is specifically manifested in the fact that JD.com Coin Chain Technology (Hong Kong), a subsidiary of its technology group, will launch a stablecoin based on public blockchain technology, which is strictly anchored to the Hong Kong dollar at a ratio of 1:1.
This innovative move not only reflects JD.com's in-depth exploration and application of blockchain technology, but also demonstrates its firm commitment to improving financial stability and promoting the development of the digital economy.
The issuance of this stablecoin will rely on highly liquid and reputable asset reserves, which will be safely stored in independent accounts of authorized financial institutions and subject to regular information disclosure and strict audit supervision to ensure the integrity and transparency of the reserves.
It is worth mentioning that shortly before the release of this news, JD Coin Chain Technology (Hong Kong) was listed in the list of participants in the "Sandbox" of stablecoin issuers announced by the Hong Kong Monetary Authority, which undoubtedly provided solid policy support and regulatory guarantees for the issuance of JD's stablecoin.
This move not only demonstrates Hong Kong's open attitude and positive actions towards emerging financial technologies as an international financial center, but also sets a new benchmark for the development of global financial technology.
In summary, JD's issuance of a stablecoin pegged to the Hong Kong dollar in Hong Kong is not only a concentrated display of its own financial technology strength, but also a major step taken by the Eastern power in the field of financial stability and digital economy.
This historic move will undoubtedly bring new opportunities and challenges to the future development of the global financial market.
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Will strict regulation make stablecoins a new payment method in the UK?
This article briefly:
·The UK FCA and Bank of England released a regulatory feedback document on stablecoins aimed at ensuring the security of future payment systems.
The FCA emphasized that stablecoin issuers should act in the best interests of customers, and the Bank of England is considering regulating the payment system.
The Bank of England warned banks to clearly mark stablecoin deposits and ensure measures are in place to combat money laundering, liquidity and terrorism financing.
The UK’s Financial Conduct Authority (FCA) and the Bank of England (Bank) have opened feedback on two papers discussing the regulation of stablecoins. These papers consider how these assets can be used securely and system-wide for future payment systems.
·The UK FCA and Bank of England released a regulatory feedback document on stablecoins aimed at ensuring the security of future payment systems.
The FCA emphasized that stablecoin issuers should act in the best interests of customers, and the Bank of England is considering regulating the payment system.
The Bank of England warned banks to clearly mark stablecoin deposits and ensure measures are in place to combat money laundering, liquidity and terrorism financing.
The UK’s Financial Conduct Authority (FCA) and the Bank of England (Bank) have opened feedback on two papers discussing the regulation of stablecoins. These papers consider how these assets can be used securely and system-wide for future payment systems.