we're working with @KASTxyz metrics to keep up to date with the project's statistics (spoiler alert, we're only growing).
Statistics are taken from the main 7 blockchains.
Judging by the data, the project has already achieved impressive card usage rates.
@Coleta_Cripto
@utexocom Thanks to @utexocom, RGB protocol is already moving beyond the experimental stage into real world use for payments and finance.
If you're interested in the future of Bitcoin as a global settlement network for dollars and other assets, keep an eye on RGB and Utexo.
We're exploring Utexo and RGB, how private instant USDT to Bitcoin works and what the benefits are.
@utexocom is building infrastructure for instant and private USDT BTC payments using RGB+Lightning.
RGB uses client-side validation. Contract data is stored offchain.
@Atrueb01
@utexocom launched the first RGB bridge: USDT now moves from ERC-20 to native RGB asset on Bitcoin.
Users can move USDT as easily as regular money.
Complete transaction privacy and settlements with Bitcoin finality.
API and cloud solutions support for PSPs, exchanges, wallets.
The highlight of the first days of summer is taking over @KASTxyz metrics, which are already showing top figures.
I only analyzed the project's figures in the last post, and now we can see the beginning of the month.
Total for the day: $7.383M(5.7+ sol and tron)
@Coleta_Cripto
@KASTxyz The numbers show that the combination of stablecoins and crypto cards is increasingly competing with traditional banks.
@KASTxyz has capitalized on this trend and continues to grow its volumes.
If current momentum continues, June could be one of the platform best months yet.
@KASTxyz Tron remains the leading network for stablecoin transfers thanks to its low fees, high speed and USDT immense liquidity.
Solana excels in other ways: fast transactions, minimal fees, and tight integration with KAST.
Deposits, SOL/ETH/BTC to USDC exchanges and daily payments.
After reading some of the Discord messages and X posts, I saw that many people don't understand what's going on behind the scenes at @utexocom.
Spoiler: very active development is underway.
Team is participating in Money20/20 Europe in Amsterdam, opening offices.
@Atrueb01
Team actively tests and improves stack irl conditions (Offices, participation in conferences, liquidity initiatives).
Some parts (bridge) are already in production and operational.
The API and Cloud are in a stage where they can be explored+integrated (for partners/operators).
Some features already confrirmed on https://t.co/0kixGTJqG3 website:
API Product a unified API for instant private payments in USDT via Bitcoin, Lightning, and RGB.
Cloud is Lightning infrastructure for BTC/USDT.
Crosschain bridge, a non-custodial wallet, coming soon, RGB DEX.
we're working with @KASTxyz metrics to keep up to date with the project's statistics (spoiler alert, we're only growing).
Statistics are taken from the main 7 blockchains.
Judging by the data, the project has already achieved impressive card usage rates.
@Coleta_Cripto
@KASTxyz@Camilee_KAST@_Mrfiend The figure of 83 488 addresses is particularly interesting.
If you divide the total volume by the number of addresses, you get more than $6 300 turnover per user.
For the crypto card market, this is good indicator of quality of the audience.
Average transaction about $785.
@KASTxyz The volume structure shows that the largest share of payments goes through Solana.
The reasons are obvious:
Low fees
Quick transaction confirmations
A well developed ecosystem of stablecoins
The high popularity of the USDC among network users
@Camilee_KAST@_Mrfiend