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What is a Stablecoin and Why Does ITLX Use USDC Over USDT? It's the settlement for NYSE.
A stablecoin is a cryptocurrency pegged to a stable asset, like the U.S. dollar, to maintain consistent value. It combines the speed, low cost, and decentralization of crypto with the stability of traditional currency.
The GENIUS Act, recently passed by the U.S. Senate, aims to strengthen stablecoin regulation by mandating 1:1 reserves in high-quality liquid assets, such as Treasury bills. Stablecoins serve three main purposes:
- Store of Value: An alternative to banks, particularly in regions with unstable currencies, though USD stablecoins may offer limited appeal compared to interest-bearing accounts.
- Cross-Border Payments: Enable fast, cost-effective transfers with programmable features to automate transactions and reduce fraud.
- Blockchain Marketplaces: Facilitate transactions in digital assets without the volatility of cryptocurrencies like Bitcoin.
At ITLX, we choose USDC, issued by Circle, over USDT for its stricter adherence to U.S. regulations and standards, ensuring greater transparency and reliability for users trading crypto assets.
#ITLX #ITLG
New DAO Proposal: Active Bounty Again? 🎉
We’re celebrating 1M users and Google’s strategic investment with a new Active Bounty campaign, plus ITLX coming soon!
Motivation:
To give a fair chance to users who missed out on Season 1, we’re officially launching Season 2, with even more rewards. To honor that, we propose a global celebration campaign featuring:
🏆$23,000 in rewards: MacBooks, iPads, AirPods, cash prizes & ITLX WHITELIST !🏆
That means, you can have a chance to win big prizes, but also have a trial on @itlx_defi right before it officially launch -- sooner than any users.
Join us now and be part of this milestone! 💥
🎉 Human Network Begins – $19,000 Community Incentive Results Live!
We’re excited to celebrate @LOOPSPACE_INTL , the first project built on InterLink, with this special reward campaign! To the users, your efforts have energized the ecosystem, and now it’s time for you to be rewarded.
🏅 A big shoutout to all users who participated and especially our top performers!
🎁 Rewards are now ready for distribution. Please check your wallet within 24 hours from the sheet below 👇. Any adjustments after that will not be eligible!
#InterLink #ITLG