Despite its interesting concept, the project is entering a crowded stablecoin market and will likely face challenges competing with industry giants such as USDT and USDC.
EURITE, issued by major tech-driven bank Banking Circle with Fireblocks' assistance, has shown a high level of trading volume in the first hours after listing.
Now rebranded as Terra Classic, LUNC is a shadow of its former self. Prices have fallen by almost 100% from highs of $119.18 set in April 2022, to $0.0000825.
Now rebranded as Terra Classic, LUNC is a shadow of its former self. Prices have fallen by almost 100% from highs of $119.18 set in April 2022, to $0.0000825.
Despite its interesting concept, the project is entering a crowded stablecoin market and will likely face challenges competing with industry giants such as USDT and USDC.
EURITE, issued by major tech-driven bank Banking Circle with Fireblocks' assistance, has shown a high level of trading volume in the first hours after listing.
With the rebrand complete, two new tokens, $SKY, and $USDS, are set to be introduced, each designed to streamline governance and enhance regulatory compliance of the project.
At the Bitcoin 2024 conference, Howard Lutnick emphasized Tether’s transparency, regulatory compliance, and security, contrasting it with Circle’s practices.
The evolution of stablecoins mirrors that of Wildcat Banking: a period of non-federal regulation over the monetary system in the U.S. during the 19th century.
