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USD0 - Stablecoin Launched by Usual Protocol
There are many stablecoins available in the crypto market and this is getting competitive and also tough because of regulatory requirements and CBDC. A new stablecoin USD0 has been launched by Usual Protocol and its premisionless. This stablecoin is backed by real-world assets and this is pegged to USD. This is different from others as with this stablecoin we can earn some yield which is not an option with other stablecoins
Dogecoin is a well-known memecoin howeveer this has grown significantly in the last bull run cycle. There is no use-case for this coin but because the Tesla founder is supporting this coin hence we can see a pump on its price. There has been a 40% price pump for Doge in the last 24 hours and this is not new in the case of Doge. Every time Mr Elon talks about doge and shares its image the doge coin price gets a spike.
Web3 is a growing space and now some companies and blockchain networks are trying to expand their presence. ICP is a popular blockchain network and recently they have partnered with Fandomdao which is a blokchain for Art Fans. Fandomdao has got a good user base in a short period and with this collaboration, it seems that things will be going to the next level. Overall its going to be exciting.
The war between Russia and Ukraine is still ongoing and at this point its hard to say when its going to end. There have been multiple sanctions on Russia but despite all this Russia is not ready to stop the fight. VEB and PSB are two leading financial institutions in Russia and now the US has put sanctions on both. As per the sanction, both VEB and PSB are no longer allowed to do business in the US.
Social media is growing and its a medium for us to connect with people across the world. This is a good use case however not everyone uses such platforms this way and this is where the real problem starts. Information is manipulated and truth is not shared as it is. Because of all this cyber war is also possible and once again no war is started but ultimately a war is war. In the current scenario, the global war between the West and the East where countries like China, Russia and those taking their side on the one hand, and America, Europe etc are getting more difficult to know the truth and it is now a hard task.
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Thursday, February 29, 2024
A New Stablecoin USD0 Launched
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