The USDC, DAI and GUSD: The Digital Currencies to Watch from 12:00-21:00.
12:00-21:00 Key words: USDC, DAI, GUSD
Overview of important developments in the evening of March 11
Analysis based on this information:
The blockchain and cryp
12:00-21:00 Key words: USDC, DAI, GUSD
Overview of important developments in the evening of March 11
Analysis based on this information:
The blockchain and cryptocurrency industry is rapidly evolving, with new digital currencies being introduced every day. Among the new currencies, the USDC, DAI, and GUSD are gaining popularity among investors and traders alike. These cryptocurrencies are proving to be viable alternatives to fiat currencies, reducing costs and accelerating transaction speeds.
From 12:00-21:00, the USDC, DAI, and GUSD have become a significant part of the crypto market, as they provide investors with stability and convenience in their operations. USDC, which is a stablecoin, has a one-to-one value with the U.S. dollar, making it one of the most reliable assets in the crypto industry.
DAI, on the other hand, is a decentralized cryptocurrency that maintains its value using smart contracts on the Ethereum network. Investors trust DAI because it is backed by other cryptocurrencies, thus giving it more stability than most other coins.
Similarly, GUSD is a stablecoin whose value is pegged with that of U.S. dollars, providing traders with a reliable option for conversion to a stable asset without using traditional banking methods. It offers transparency and compliance with the New York State Department of Financial Services regulations.
The rise in popularity of these digital currencies has come with the advantage of increased convenience to users. Traders can easily switch between these currencies without worrying about the cost of conversion or transfer times, which is a significant advantage over traditional fiat currencies.
Conclusion
The USDC, DAI, and GUSD are the digital currencies to watch from 12:00-21:00. As cryptocurrencies gain more mainstream acceptance, these coins provide investors and traders with the reliability and stability they need to make informed decisions. They have shown that they are credible alternatives to fiat currencies, which can be expensive and time-consuming to convert or transfer. The future of the crypto market seems to be heading towards a more stable and reliable path, and these three digital currencies are at the forefront of this revolution.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/8126.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Metro Completes $1.1 Million Pre-sale Round for Its Real Estate Based NFT Platform
According to reports, Metro, a real estate asset based NFT platform, has announced the completion of a $1.1 million pre-sale round of financing. The project will tokenize and \”NFT\”
-
Dmail’s Collaboration Platform Empowers DID Holders with Its DaaS Service
On March 14, according to the official Twitter, the Web3 collaboration platform Dmail announced that “it has provided services to more than 60000 DID holders who have participated in the Dmail FreeMint activity. The Dmail DaaS service hopes to help more DID holders communicate across the chain, and welcomes more DID projects to join the Dmail DaaS service”. Dmail DaaS has served more than 60000 DID holders Analysis based on this information:On March 14, Dmail, a web3 collaboration platform, made an announcement through its official Twitter handle that it had enrolled more than 60,000 DID (decentralized identity) holders who participated in its FreeMint activity. Additionally, the platform is extending its DaaS (decentralized as a service) service to empower DID holders with the ability to communicate across the chain. The DID system addresses the lack of trust and control over personal data by decentralizing users’ identity verification and storage. DID enables people to own their digital identities, control access to their…
-
120,000 ETH Stolen by Wormhole Recovered by Jump Crypto
It is reported that 120000 ETHs stolen by Wormhole last year due to hacker attacks have been recovered by Jump Crypto three days ago. Jump Crypto, in cooperati…
-
Cryptocurrencies – A Decade Long Evolution
According to reports, Sarah Pritchard, Executive Director of the Financial Conduct Authority (FCA) in the UK, stated that since being seen as a small \’anti institutional rebel asse
-
What does Bitcoin s mean by circulating currency (the circulation range of Bitcoin)
What does Bitcoin s mean by circulating currency? Bitcoin’s currency forms are “cash” and “Hard currency”. In the crypto world, people often use a virtual commodity called fiat currency or digital assets (such as Fiat money) for payment, and these virtual commodities usually have value characteristics. If they are linked to fiat currency and converted into Bitcoin in a 1:1 ratio, then this type of encrypted asset belongs to a form of currency Someone translated these two terms into Bitcoin from the beginning. Its meaning is that Bitcoin is a currency in which an entity has its own private key management authority, and there are no restrictions; Or it can be considered as a type of digital gold – that is, with a fixed supply and indivisibility The circulation range of BitcoinEditor’s note: This article is based on data and is authorized to be reprinted by the Daily Planet. As the price of Bitcoin skyrocketed from $20000 to over $5…
-
Binance Insists No Risk Exposure to SVB Bank
According to reports, Binance, the cryptocurrency exchange, said that it had no risk exposure to SVB Bank and the funds were safe.
Binance: There is no risk exp -
Understanding The Rising Popularity of Polygon NFT Market
According to reports, Dune data analysis shows that in the past 30 days, the trading volume of the Polygon NFT market has exceeded $1 million on two days; Y00ts has the highest tra
-
What protocol is Bitcoin (What is the maximum number of Bitcoin protocols)
According to coindesk, the Bitcoin protocol is a decentralized and programmable
-
U.S. Congress Discusses Failed Banks in Silicon Valley
It is reported that the members of the United States Congress met with the Federal Reserve and the Federal Deposit Insurance Corporation to discuss the failure
-
Future Financing Act: Implications of Blockchain and Crypto Stocks in Germany
According to reports, this week, the German Ministry of Finance announced the \”Future Financing Act\”, which mentions the digitization of the capital market and the use of blockchai