Stablecoin

Monthly Transfer Volume of TRON-based Stablecoin Has Drawn Level with PayPal's Quarterly Payment Volume, Justin Sun's Global Settlement Layer Is Coming

Retrieved on: 
Monday, December 6, 2021

TRON founder Justin Sun also spoke highly of the efficiency of TRON's stablecoins on his social media account.

Key Points: 
  • TRON founder Justin Sun also spoke highly of the efficiency of TRON's stablecoins on his social media account.
  • Boasting up to 400 million users around the world, it is a force to be reckoned with regarding cross-border transfer.
  • To put it simply, it would only take TRON less than a month to reach PayPal's quarterly payment volume.
  • Besides, TRON also outperforms Ethereum in circulation volume, the number of unique addresses, and daily transfer volume.

Joining Pangolin V2's First Liquidity Pools, TrueUSD Takes the Growth of Avalanche to the Next Level

Retrieved on: 
Friday, November 26, 2021

A crucial contributor to this achievement is Pangolin, a top decentralized trading platform in the Avalanche ecosystem.

Key Points: 
  • A crucial contributor to this achievement is Pangolin, a top decentralized trading platform in the Avalanche ecosystem.
  • View the full release here: https://www.businesswire.com/news/home/20211126005388/en/
    Joining Pangolin V2's First Liquidity Pools, TrueUSD Takes the Growth of Avalanche to the Next Level (Graphic: Business Wire)
    As the first USD-pegged stablecoin native to the Avalanche protocol and an important partner of the ecosystem, TrueUSD launched the TUSD-AVAX liquidity pool on Pangolin, a decentralized trading platform, on November 22.
  • In February, Avalanche launched its first-generation cross-chain bridge Avalanche-Ethereum Bridge (AEB), whose prospect was recognized by the TrueUSD team.
  • This year, the Avalanche Foundation also launched Avalanche Rush, the biggest liquidity mining incentive program, earmarking AVAX rewards worth $180 million to power the all-rounded growth of DeFi applications in the Avalanche ecosystem.

TrustToken Bolsters Senior Leadership with Veteran Wall Street and Silicon Valley Hires

Retrieved on: 
Monday, November 15, 2021

Built in Silicon Valley, TrustToken is now evolving its products to reach Wall Street, building TrueFi into robust financial infrastructure that stands to bring traditional finance into the next era.

Key Points: 
  • Built in Silicon Valley, TrustToken is now evolving its products to reach Wall Street, building TrueFi into robust financial infrastructure that stands to bring traditional finance into the next era.
  • As the newest member of TrustTokens senior leadership team, Russell Korte has taken up the reins as Chief Financial Officer (CFO).
  • The Wall Street and Silicon Valley veterans are joining an executive team which now also includes a line-up of seasoned technical and design talent, part of the recent Ethworks acquisition.
  • Im confident that the new senior leadership team will prove decisive for TrueFis development, says Rafael Cosman, CEO and Co-founder of TrustToken.

Firework Token Debuts World's First Report on Crypto Volatility

Retrieved on: 
Thursday, November 4, 2021

LONDON, Nov. 4, 2021 /PRNewswire/ -- Firework Token today published the first-ever report to measure the potential for trading volatility of the top cryptocurrencies.

Key Points: 
  • LONDON, Nov. 4, 2021 /PRNewswire/ -- Firework Token today published the first-ever report to measure the potential for trading volatility of the top cryptocurrencies.
  • What is far less obvious, even to experienced observers of the crypto market, is just how potentially volatile certain currencies can be," said Paul Gallini, CEO of Firework Token.
  • The report shows that the currencies with the apparent potential for the lowest volatility, Yearn.finance, Bitcoin and Ethereum, have logarithmic volatility scores of .98.
  • Firework Token expects to publish subsequent editions of the report on a regular basis.

TrueUSD Has Announced to Join the Race by Initiating the Fountain Incentive Program

Retrieved on: 
Friday, October 29, 2021

Will TrueUSD's Fountain Incentive Program Be the Next Dark Horse Among All Incentive Programs that Crowd the Market?

Key Points: 
  • Against the backdrop, TrueUSD has also announced to join the race by initiating the Fountain Incentive Program.
  • It is noticeable that though with different emphases, all three of the incentive plans are dedicated to benefiting public chain projects.
  • You will probably come up with an answer after looking into the $1 billion Fountain Incentive Program offered by TrueUSD.
  • On October 27, TrueUSD announced to roll out a Fountain Incentive Program that is worth $1 billion.

Arca Labs and Oasis Pro, Inc. Enter into Joint Venture to Develop Blockchain Transferred Funds and Digital Asset Securities

Retrieved on: 
Monday, October 25, 2021

Arca launched the industrys first BTF in July 2020, with the introduction of the Arca U.S. Treasury Fund (the Fund), which issues its shares at digital asset securities.

Key Points: 
  • Arca launched the industrys first BTF in July 2020, with the introduction of the Arca U.S. Treasury Fund (the Fund), which issues its shares at digital asset securities.
  • These proof points include the adoption and deployment of ArCoin, the digital asset securities representing shares of the Fund, into pilots and proofs of concepts.
  • With this new joint venture, Arca and OPI will work together by commissioning the OPI/Arca Digital Asset Working Group for Securities, comprised of market participants representing market makers, traders, hedge funds, and traditional financial institutions.
  • Arca Capital Management, LLC Arca serves as adviser to the Arca U.S. Treasury Fund, distributed by UMB Distribution Services, Member FINRA/SIPC.

CompoSecure Announces General Availability and Shipping of Its Arculus KeyTM Card for $99, Enabling Consumers to Manage Cryptocurrency in One Secure Place

Retrieved on: 
Wednesday, October 13, 2021

Arculus makes it easy for consumers to manage cryptocurrency in one reliable place with the newly launched Arculus Wallet mobile app.

Key Points: 
  • Arculus makes it easy for consumers to manage cryptocurrency in one reliable place with the newly launched Arculus Wallet mobile app.
  • Something You Have The Arculus Key card contains an EAL 6+ embedded secure element that holds the users encrypted private keys.
  • Consumers can purchase Arculus cards at www.GetArculus.com throughout the U.S. (subject to transaction restrictions in New York and Hawaii).
  • The price for the Arculus Key card is $99, which includes free shipping and handling.

ACE Exchange's Asia-First LGBT-themed NFT Collectable Receives Overwhelming Response

Retrieved on: 
Wednesday, September 29, 2021

The NFT collection "Eternal Love" is the first of its kind in Asia that features a same-sex couple.

Key Points: 
  • The NFT collection "Eternal Love" is the first of its kind in Asia that features a same-sex couple.
  • 100 sets of the NFT collectables, alongside the physical copies, were released in the global debut, with each set containing nine CACA&BELLA studio photos.
  • The NFT artworks depict the couple in white wedding dresses, embracing, kissing and walking in the wonderland of love under the eternal sun and moon floating in the purple clouds.
  • Issuer Number:The NFT collection is limited to 100 sets, with the physical copies of the nine photos included in the global debut.

TrustToken Acquires EthWorks; Doubling Team Size for TrueFi Scale-Up

Retrieved on: 
Wednesday, September 22, 2021

The acquisition doubles TrustToken's team size, quadruples the company's technical talent, and brings in senior technical and design leadership to take TrustToken's mission to the next level.

Key Points: 
  • The acquisition doubles TrustToken's team size, quadruples the company's technical talent, and brings in senior technical and design leadership to take TrustToken's mission to the next level.
  • The EthWorks team will fully integrate into TrustToken's staff and join the technical, design, and operational roadmap across all products and services, with a special focus on scaling the TrueFi protocol.
  • In onboarding the EthWorks team, the TrustToken team is growing to over 100 members and significantly expands the company's engineering, design, and cybersecurity capabilities.
  • The senior leadership team will see Marek Kirejczyk, Founder and CEO of EthWorks, become Chief Technical Officer (CTO) of TrustToken.

BTCS’s Expanding Blockchain Infrastructure Operations Include Avalanche Node

Retrieved on: 
Friday, September 17, 2021

Silver Spring, MD, Sept. 17, 2021 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company, announced it has added Avalanche (“AVAX”) to its blockchain infrastructure operations. At a $14.2 billion market capitalization, AVAX claims to be one of the fastest smart contract platforms offering high transaction throughput.

Key Points: 
  • Silver Spring, MD, Sept. 17, 2021 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (BTCS or the Company), a blockchain technology focused company, announced it has added Avalanche (AVAX) to its blockchain infrastructure operations.
  • BTCS Blockchain Infrastructure Operations are focused on environmentally friendly technologies that utilize proof-of-stake consensus algorithms to process and validate digital asset transactions.
  • BTCSs AVAX validator node was deployed and funded on August 20, 2021 and is expect to generate revenue shortly.
  • Through its blockchain infrastructure operations, the Company secures Proof-of-Stake blockchains by actively processing and validating blockchain transactions and is rewarded with native digital tokens.