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
-
Snapchat to Launch Chat Robot My AI with OpenAI’s ChatGPT
On February 28, it was announced that Snapchat will launch a chat robot supported by the latest version of ChatGPT of OpenAI. This robot named \”My AI\” will be …
-
What is the situation with Mediterranean coins (Mediterranean reasons)
What is the situation of Mediterranean currency? There are various digital tokens in the field of Cryptocurrency. These tokens are very similar to blockchain technologies such as Bitcoin and Ethereum: they are decentralized network protocols realized through smart contracts; Bitcoin is supported by the network system created by miners and traders, so it is called Ethereum 2.0 The DigitaCoin is a Electronic cash platform based on Bitcoin technology, which is mainly used for cross-border remittance and commodity exchange Mediterranean reasonsThe Mediterranean region is highly regarded for its unique geographical location, as it is one of the oldest continents in the world According to the research of Cambridge University Academy, the “Mediterranean” occupies an important position on the earth, but compared with other countries, it may have more flexibility, security and sustainable development potential than many countries. As the Mediterranean experts explained, “We chose the Mediterranean because we live in the European Economic Area.” The Mediterranean is the main driving force…
-
Bithumb Obtains ISMS-P Certification for Information Protection
It is reported that Bithumb, the Korean Cryptographic Exchange, has obtained the information protection and personal information protection management system (…
-
Musk Encourages Content Creators to Monetize Twitter
According to reports, Musk tweeted today encouraging content creators to provide subscription content to fans, covering various aspects such as long articles and long videos. They
-
What brand is Hotbits (What brand is Hottopic)
What brand is Hotbits? On April 28th, according to official news from Hotbits, H
-
Legal Fees Paid with Millions: The Curious Case of SBF and Alameda Research
On March 29, it was reported that SBF had been paying legal fees with the millions of dollars he borrowed from Alameda Research as a gift to his father, Joseph Bankman. Two sources
-
OKCoin’s Temporary Suspension of ACH and Wire Transfer Functions
On March 14, Xu Mingxing said on Twitter: “Due to the problem of Signature Bank, OKCoin has just suspended the ACH and wire transfer functions. All customers’ funds are safe, cash withdrawal is open at any time, and customers can withdraw at any time. OKX and OKCoin are independent exchanges, and the operation of OKX is not affected.” Xu Mingxing: OKCoin suspended ACH and telegraphic transfer functions due to the signature problem Analysis based on this information:On March 14, Xu Mingxing, the founder of OKCoin, announced on Twitter that OKCoin had temporarily suspended the ACH and wire transfer functions due to a problem with Signature Bank. He assured customers that their funds were safe and that they could withdraw their cash at any time. He also highlighted the independence of OKX, which was not affected by the suspension. This message seems to be a response to some kind of issue that has arisen with Signature Bank. We don’t have any…
-
Lido Stacked Ether (STETH) Skyrockets to a New All-Time High, Passing Polygon
According to reports, according to Coinsecko data, the market value of Lido Stacked Ether (STETH) has risen to over $11 billion, reaching $11340732821 at the time of writing, a new
-
Arrest Warrants Issued for Former Coinone Executives in South Korea
On April 11th, it was reported that the Southern District Court of Seoul, South Korea, issued arrest warrants for Kim, former head of the Coinone cryptocurrency trading team, and H
-
Ethereum Withdrawals on Beacon Chain: Majority Occur on Centralized Exchanges
On April 30th, according to data compiled by 21Shares Research, approximately 90% of pledged Ethereum withdrawals on the beacon chain occur on centralized exchanges (Kraken, Binanc
-
What does txid mean?
What does txid mean? Txid refers to a decentralized database supported by block
-
Gemini Reveals Plans to Open a Derivatives Platform Abroad
According to reports, Gemini, the cryptocurrency exchange, revealed on Friday that it plans to open a derivatives platform abroad. The company stated that the first product of the
-
UBS to Acquire Credit Suisse in a Deal Mediated by Swiss Government
According to reports, under the mediation of the Swiss government, UBS agreed to acquire rival Credit Suisse for 3 billion Swiss francs and agreed to bear losses of up to $5.4 billion. UBS said that the 22.48 shares held by its shareholders would be exchanged for one UBS share, equivalent to 0.76 Swiss francs per share, for a total consideration of 3 billion Swiss francs. The transaction is expected to be completed by the end of 2023, with annual cost savings of approximately $7 billion by 2027. The Swiss Central Bank said it would provide liquidity assistance of 100 billion Swiss francs ($108 billion) to the merged banks. The Swiss Financial Market Supervisory Authority (FINMA) stated that all business activities of the two banks would likely continue without restriction or interruption. With the support of the Swiss government, Credit Suisse’s additional Tier 1 capital bond (AT1) with a nominal value of approximately 16 billion Swiss francs ($17.2 billion) will be…
-
#Table of Contents
On April 11th, UXUY, a decentralized trading platform, announced the completion of a seed round financing of $3.2 million, with investors including Bixin Venture, WaterDrip Capital
-
BTC fell below $27700
According to reports, the market shows that BTC has fallen below $27700 and is currently trading at $27697.3, with a intraday decline of 2.54%. The market is volatile, so please ta
-
The Importance of Transparency and Public Opinion in Investment: OPNX’s Response to Denial of Investment
On April 22nd, OPNX posted a response on social media regarding multiple institutions denying investment in OPNX, stating that OPNX\’s core value is transparency, so we have disclos