The whole world is embracing stablecoins. Why is the domestic situation going backwards?
The whole world is embracing stablecoins. Why is the domestic situation going backwards?
The characterization on the 28th has shattered all the fantasies about stablecoins in the industry over the past few years.
On the surface, it's a regulatory policy, but in reality, it's a statement about monetary power.
The U.S. is using the (GENIUS Act) to turn stablecoins into an extension of the digital dollar. Domestically, this characterization has categorized stablecoins as illegal.
Both sides are very clear about what they are doing.
01 | "Stablecoins are a form of virtual currency."
This is not the first time virtual currency has been mentioned, but for the first time, the authorities have clearly equated stablecoins with Bitcoin and Ethereum.
Jeni learned: The second phase of deposits in collaboration with @stable and @hourglasshq has finally ended. This time, the planned deposit was $500 million, with actual deposits of $1.8 billion, and approximately 26,000 wallets participated. KYC will be opened shortly.
Jeni deposited $100K, estimating that only about $27K can be deposited. $STABLE has also started to rise in pre-market, and the actual TGE is estimated to be about a month away. Some have played in the pre-market during this time.
Today's alpha airdrop is here 3 PM, first come first served, 226 points to receive 200 ARIAIP token airdrop.
If the event is not over, the score threshold will automatically decrease by 5 points every five minutes.
Binance announcement ๐ฃ states that the participation threshold for the Aria Protocol (ARIAIP) airdrop has been announced. Users need to reach 226 Alpha points to participate. Claiming the airdrop will consume 15 Binance Alpha points. Trading will start today at 3:00 PM.
Sociรฉtรฉ Gรฉnรฉrale's crypto department has deployed euro and dollar stablecoins to Uniswap and Morpho BlockBeats news, on September 30, Sociรฉtรฉ Gรฉnรฉrale's digital asset subsidiary SG-FORGE has introduced its euro and dollar stablecoins into DeFi, allowing users to borrow and trade spot. This action deploys the bank's EURCV and USD CoinVertible (USDCV) on the Ethereum-based Morpho and Uniswap protocols, expanding SG-FORGE's efforts to distribute its stablecoins through centralized exchanges and brokers. By entering DeFi, SG-FORGE allows clients to trade around the clock using assets pegged to major currencies, while relying on smart contracts to handle the trading mechanism. On the Morpho platform, users can now borrow EURCV and USDCV using cryptocurrencies (such as BTC, ETH) and currency market token funds regulated by the French Financial Markets Authority (such as USTBL, EUTBL, which invest in U.S. Treasuries and Eurozone government bonds) as collateral. Asset management company MEV Capital will be responsible for managing these vaults, setting qualified collateral rules, and handling defaults when necessary. SG-FORGE stated that more types of collateral will be introduced in the future. Additionally, the listing on Uniswap will create a spot market for the bank-issued stablecoins. Market maker Flowdesk will provide liquidity, helping traders exchange between EURCV and USDCV, avoiding reliance on traditional intermediaries.