USDC's Circle has been making bold moves at home and abroad to secure the SEC's approval of its IPO. The combination of the digital dollar and going public strategy means this major stablecoin issuer introduces a new paradigm to money technology - a public seigniorage.
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.
USDC's Circle has been making bold moves at home and abroad to secure the SEC's approval of its IPO. The combination of the digital dollar and going public strategy means this major stablecoin issuer introduces a new paradigm to money technology - a public seigniorage.
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.
