Palau reportedly partners with Ripple to launch national stablecoin
The archipelago of over 500 islands is also working on issuing NFT ID cards to its digital residents.
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The archipelago of over 500 islands is also working on issuing NFT ID cards to its digital residents.
Zeynep Geylan 2 min read
Remittances through these stablecoins are limited to 1 million yen ($7500) per transaction.
Ivanov explained in an AMA today that the USDN stablecoin is set to become multi-collateralized and index asset for WAVES ecosystem.
The total value settled with stablecoins this year surpassed the settlement value at Mastercard, which processed around $2.2 trillion in value in 2022.
Sasha Ivanov announced launch of new stablecoin and addressed Twitter user concerns surrounding depegging.
Waves Labs reports that DAXA warning led to increased short selling of WAVES token, causing liquidity issues and market instability.
Current BUSD balance held by exchanges retreated back to $15 billion.
Demand for USDT remains high, but USDT dominance in the stablecoin market has decreased as other stablecoins like USDC and BUSD have risen.
The current stablecoin volume sitting on exchanges is around $38 billion.