Avalanche announced yesterday the launch of its first USD stablecoin, TrueUSD (TUSD) – the first and only fully-backed stablecoin to be independently attested on-chain in real-time. It is one of the top five fiat-backed stablecoins by market cap and will launch natively on Avalanche in the first quarter of 2021.
Bengaluru: Two-wheeler shared mobility startups are gearing up to introduce new variants of electric vehicles (EV) to their fleets to diversify product offerings, explore new use cases, and add revenue streams to beat the adverse impact of the pandemic on their businesses.
TrueUSD is set to become the first US dollar-backed stablecoin to launch on the Avalanche blockchain.The hope is that the integration, planned for the first quarter of 2021, will lead to improved use cases for stablecoins in payments as well as in DeFi applications, upping the speed and lowering the cost of transactions.
Blockstack’s trailblazing work with the Securities and Exchange Commission on the initial coin offering (ICO) for its native Stacks (STX) tokens made headlines in mid-2019. On Monday, Cointelegraph reported on Blockstack’s legal analysis that said that upon the launch of its 2.0 network next month, Stacks will be sufficiently decentralized to leave the status of a security. Blockstack itself will be rebranding to Hiro Systems to further encourage the independence of Stacks tokens.
There is lot of curiosity brewing about how Filecoin tokens will enter the circulating supply and also about how various stakeholders can take part in its economy. There is a lot of curiosity around how one should approach and think about Filecoin token economics.
Puneet Gupta — a sales and marketing graduate from IIM Calcutta — started his career with the US-based technology and manufacturing company Honeywell. Fascinated by the growth of the Indian startup ecosystem during the last decade, he decided to leave his well-paying job at the US-based MNC to work with Indian startups, specifically catering to the defence sector.
India-based social commerce startup DealShare, on Tuesday announced that the company has raised $21 million in its Series C round led by WestBridge Capital, with participation from Alpha Wave Incubation (a venture fund managed by Falcon Edge Capital), Z3Partners, and existing investors including Matrix Partners India and Omnidyar Network India, along with a few angel investors.
Blockstack’s trailblazing work with the Securities and Exchange Commission on the initial coin offering (ICO) for its native Stacks (STX) tokens made headlines in mid-2019. On Monday, Cointelegraph reported on Blockstack’s legal analysis that said that upon the launch of its 2.0 network next month, Stacks will be sufficiently decentralized to leave the status of a security. Blockstack itself will be rebranding to Hiro Systems to further encourage the independence of Stacks tokens.
TrustToken, known as makers of the world’s most transparent stablecoins including TUSD, launches TrueFi, the decentralized protocol for uncollateralized lending, hitting $35 million in total value locked within 24 hours of going live.
