Paxos Treasury Casts Over $128 Million USDps on Ethereum Network
On March 3, according to the Whale Alert monitoring data, Paxos Treasury cast 128596461.86 USDPs on the Ethereum network at 16:59:47 today, about 128.4 million…
On March 3, according to the Whale Alert monitoring data, Paxos Treasury cast 128596461.86 USDPs on the Ethereum network at 16:59:47 today, about 128.4 million US dollars.
Paxos newly cast more than 128 million USDPs
Interpretation of the news:
The Whale Alert monitoring data has reported that Paxos Treasury recently cast over $128 million USDps on the Ethereum network on March 3rd, 2021, at 16:59:47. This transaction is a massive sum, showcasing the growing popularity and use of cryptocurrencies today.
Paxos Treasury is an institutional-grade cryptocurrency platform that permits its users to trade and hold digital assets. The company also provides products related to stablecoins, a type of digital asset that maintains a stable value to a fiat currency, in this case, the United States dollar (USD). USDps is a stablecoin created by Paxos, with each token being equivalent to one US dollar. These tokens are ERC-20 tokens that operate on the Ethereum network, which allows them to be easily transferable and efficient in managing large sums of money securely.
The fact that Paxos Treasury cast over $128 million USDps on the Ethereum network is indicative of the growing confidence in cryptocurrencies and the blockchain. The increasing acceptance of cryptocurrencies by well-established institutions is paving the way for more developments in the blockchain and digital asset space.
The move by Paxos Treasury is also a solid indication that stablecoins are becoming increasingly popular in the world of crypto. As cryptocurrencies have faced frequent price fluctuations in the past, stablecoins like USDps offer a more reliable way for investors and traders to trade their assets without fear of constant market changes.
In conclusion, the move by Paxos Treasury to cast over $128 million USDps on the Ethereum network is a significant development in the world of digital assets. It showcases the increasing trust in cryptocurrencies and the growing acceptance of stablecoins. As cryptocurrencies continue to evolve, we can expect to see more advancements in the blockchain and digital asset space.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4823/
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.
Recommended articles
-
FilDA Suffers Losses in Multi-Chain Lending Agreement Attack
On April 23, it was reported that FilDA, a multi chain lending agreement, issued a statement on exploit, saying that it had been attacked on the Yilai Cloud intelligent chain (ESC)
-
Circle’s USDCs Redeem: The Decrease in USDCs Circulation
According to reports, from April 20th to April 27th, Circle issued a total of $700 million in USDCs and redeemed $1.1 billion in USDCs, resulting in a decrease in circulation of ap
-
FTX: The Future of Exchange
On April 24th, Skybridge founder Anthony Scaramucci stated in an interview that FTX is unlikely to restart, and any exchange restart process requires the support of creditors and b
-
Cryptocurrency Companies Eyeing Hong Kong Jurisdictions: FSTB to Provide $50 Million to Boost Web3 Ecosystem Development
According to reports, at the Aspen Digital Web3 Investment Summit, the Secretary for Financial Affairs and Treasury (FSTB) of the Hong Kong Special Administrative Region Government
-
The Rise of ETH 2.0: A Look at the Latest Pledge Stats
According to reports, data shows that the total number of pledges for ETH 2.0 has exceeded 17.7306 million, reaching 17730570, with a value of approximately $31.852 billion at curr
-
What is the price of DOT (highest and lowest price of dot coins)
What is the price of DOT? According to CoinDesk data, what price can Polkadot re
-
BitContinent fined over 24 million yuan for tax violations
On April 11th, according to the Enterprise Inspection APP, recently, Beijing BitContinent Technology Co., Ltd. was fined approximately 24.9687 million yuan by the Fourth Inspection
-
International Digital Collection Index Plunges, Domestic Index Rises, Comprehensive Index Drops
According to reports, according to peer data, the international weekly index of digital collections fell 51.1 to 26.9 points last week (February 21-February 27…
-
The Voyager and Binance.US Acquisition Saga: A Recap of Recent Developments
On March 24th, the Voyager Unsecured Creditors Committee (Voyager UCC) disclosed on social media that the US government had previously moved to seek a permanent \”suspension\” of the
-
Xverse and Hiro’s Update to Address Withdrawal Issues
On March 9, according to the official Twitter, the encrypted wallet Xverse and Hiro announced that the version will be updated this week to support users to di…
-
Balancer DAO expands to Gnosis Chain and Avalanche, strengthening DeFi interoperability
On March 8, the Balancer community has voted to pass two proposals. In BIP-205 proposal, it is recommended to enable repeaters on Gnosis Chain and add other mi…
-
Understanding the explosive growth of Trade Joe on different chains
On March 27th, according to DefiLlama data, the total lockup of the decentralized trading platform Trade Joe on the Arbitrum chain has exceeded $24 million, a record high. In addit
-
European Central Bank Predicts Tightening Financial Conditions
On March 6, Holzman, the European Central Bank\’s governing committee, said in a statement that he believed that the interest rate of 4% was only beginning to b…
-
Magic Eden Launches Free Web3 Games in “Mint Madness”
It is reported that Magic Eden in the NFT market will launch a series of free Web3 games in March. This release is called \”Mint Madness\”, which is a tribute to…
-
Animoca Brands’ NFT series Mocaverse faces delay in public casting due to OpenSea’s royalty policy adjustment
According to the report, the NFT series Mocaverse of Animoca Brands announced that because OpenSea recently adjusted the royalty policy, the on-chain royalty o…
-
#Has the Turbulent Period in Banking Come to an End? CEO of New York Mellon Bank Weighs In
According to reports, the CEO of New York Mellon Bank stated that this turbulent period in the banking industry has come to an end and we are still interested in cryptocurrencies.