Exodus and MoonPay will create a dollar stablecoin, experts from Coinbase, Robinhood, and other tech giants will strengthen the staff of the US government apparatus, and the startup Speed received $8 million from Tether — these and other cryptocurrency news on the morning of December 17 are in our review.
Behavior of cryptocurrency — leaders of capitalization
Bitcoin (BTC), according to TradingView, started Wednesday with a decline. As of 07:36 (MSK), the cryptocurrency is trading at $86,965 (1 token in rubles — ₽6,873,816). The minimum Bitcoin price over 24 hours was $85,381, and the maximum was $88,170.
You can track the Bitcoin exchange rate in rubles via the link.
The second largest cryptocurrency by market capitalization, Ethereum, also began the day with a decline. As of the time of writing this review, the coin is trading at $2,931 (1 token in rubles — ₽231,745).
In the top 10 most capitalized cryptocurrencies, the best result for the day is with XRP (+3.02%). Over the week, all coins have declined. The worst result over 24 hours (-0.09%) and seven days (-17.84%) is with Cardano.
In the top 100 most capitalized cryptocurrencies, the best result for the day was recorded for Morpho (+7.85%), and for the week — for Midnight (+24.09%). Over the last 24 hours, Aster (-7.18%) has lost value more than others. The largest losses over the week were recorded for Pump.fun (-25.03%).
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The main cryptocurrency news for the morning of December 17.
The company Exodus Movement has partnered with MoonPay and infrastructure provider M0 to launch a stablecoin pegged to the US dollar.
The issuance and management will be handled by MoonPay. The coin will become the basic payment instrument within the Exodus ecosystem.
The new stablecoin is planned to be used in Exodus Pay — a service for simple payments in the Exodus app. The idea is that users can store, send, and spend 'digital dollars' without needing to understand cryptocurrencies.
The U.S. government has launched the Tech Force program, under which private technology companies will temporarily send their specialists to work in federal agencies.
Coinbase and Robinhood joined nearly 30 partners along with Apple, Amazon, Nvidia, and OpenAI. The goal of the initiative is to address the skills gap in the fields of AI, cybersecurity, and software development. Authorities plan to attract up to 1,000 young specialists and experienced managers for a term of one to two years.
New teams will operate in structures such as the U.S. Department of the Treasury, the Department of Commerce, and the tax service. Formally, employees are hired and funded by the government. The participation of crypto companies indicates the growing role of blockchain and digital assets in the financial system and in the work of regulators.
Tether led an investment round of $8 million for the startup Speed, which is developing payment infrastructure based on the Lightning network for USDT stablecoin transfers.
The project uses a second-layer solution for Bitcoin to ensure fast and cheap payments, aimed at business and mass use. The round also included the fund Ego Death Capital.
According to the company, Speed already serves more than 1.2 million users and vendors, and the annual volume of processed payments exceeds $1.5 billion.
Tether stated that supporting Speed fits into the strategy of expanding the use of USDT and developing Bitcoin-oriented payment solutions with global reach and low fees.
Recall that earlier the BeInCrypto editorial team found out what hinders the growth of Bitcoin.
