I’ve said this before - the crypto industry will achieve our goals (and beyond), IF WE WORK TOGETHER. Appreciate the crypto President @realDonaldTrump’s vision of a govt digital asset reserve representative of the industry.
Maximalism is the enemy of the industry’s progress. Glad to see POTUS recognizing we live in a multichain world and that we’re finally moving past Bill Hinman and the Biden administration's SEC’s very broken thinking.
I will certainly continue to champion this while in Washington at the end of this week.
Ripple USD (RLUSD) is now live on global exchanges.
An enterprise-grade stablecoin built for everyone, $RLUSD combines fiat stability with blockchain efficiency:
➡️ Instant global payments, 24/7
➡️ Seamless on/off ramps
➡️ Access value in real-world assets.
➡️https://t.co/0sGuOMirH2
As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay $1,200/RLUSD for a tiny fraction of one RLUSD. Tools will show you the highest price anyone is willing to pay, even if it's just for a tiny bit. Maybe someone wants the "honor" of buying the first bit of RLUSD on the DEX.
But rest assured, the price will come back to very close to $1 as soon as supply stabilizes. If it doesn't, something is very seriously wrong.
If you want to spend a lot of money to get a tiny bit of RLUSD before anyone else does, you can. But please don't expect the price to stay over $1 once things stabilize, which I expect they will do very quickly.
The whole point of a stablecoin is to have a stable price. Short-term changes in prices due to shortages of supply or demand are certainly possible, especially around launch, but they shouldn't remain for very long as arbitragers rapidly fix the market.
Please don't FOMO into a stablecoin! This is not an opportunity to get rich.
Flare and Red Date launch the world’s first decentralized identity KYC trial.
The trial enables Mainland Chinese to register anonymously on a regulated stablecoin app and facilitate the purchase of tokenized financial products with the stablecoin.
https://t.co/j321LOPxcI
.@realDonaldTrump, Congratulations!
Some fodder for your first 100-day checklist to get things moving:
- Fire Gensler. Day 1, no delays.
- In his place, appoint Giancarlo, Brooks, or Gallagher – they’d be massive upgrades in rebuilding the rule of law (and reputation) at the SEC.
- Host a family dinner and get the Rs and Ds moving the digital asset market structure bill forward in the Senate.
- And last but not least, can we get some clarity…..similar to XRP and BTC, that ETH is not security, right?!
@casper_wallet Since when does the @casper_wallet work? I've install it several times and each time after completion of setting the account, it goes back to "factory settings ". After completing setting it up, I exit the wallet, close it, and when I open it again, the account is gone. Why?
3 governance proposals ready to review🚨
STP.06 & FIP.06 ▸ Launch FTSO Scaling, enabling 1000 data feeds & introduce the Flare Systems Protocol.
SIP.02 ▸ Prepare the State Connector on #Songbird for #FAssets.
🔗 https://t.co/Pnc7ZFrE0B
5/ After Coston, #FAssets will roll out on #Songbird canary network before the mainnet launch.
Once live on #Flare mainnet, users and dapps can earn DeFi yields & FLR from the cross-chain incentive pool for bringing sustainable value. ✨
Learn more: https://t.co/baSrOlMbSX
So, what is the Coston test network?
Our Coston testnet acts as a developer's testbed for building robust #dapps before deploying them on the Songbird canary network.
@enosys_global Are you still planning to diversify the yield for the Delorian nft as well? @enosys_global When these nfts will start to have some utility?