Downfall

Stablecoin AUSD Launched on Mantle Network: Advancing Institutional-Grade Stability and Security

The launch of the AUSD stablecoin by Agora has marked a significant milestone for the Mantle Network blockchain. This development introduces an asset that promises to enhance the network’s ecosystem with unmatched financial stability and security.

The team behind Mantle Network highlighted that the integration of AUSD brings to the ecosystem a stablecoin of institutional quality. This digital asset is backed comprehensively by U.S. dollars, U.S. Treasury bills, and repurchase agreements (REPO), providing a robust assurance of value.

Nick van Eck, the CEO of Agora, expressed enthusiasm for this strategic collaboration. “We are thrilled to collaborate with the Mantle team and join this dynamic ecosystem. Mantle boasts an outstanding array of financial and consumer applications. There are many exciting announcements on the way. This is a forward-thinking team,” van Eck remarked.

Alchemy Pay Reveals Plans for Launching a Layer 1 Blockchain to Meet Business Demand

Alchemy Pay, a renowned provider of cryptocurrency payment solutions, has announced its ambitious plan to launch a Layer 1 blockchain called Alchemy Chain. This groundbreaking move aims to support the “growing needs” of its business operations and provide an efficient, scalable infrastructure for large-scale applications. The announcement sheds light on

Project by Trump’s Sons Launches User Verification: An Insight into World Liberty Financial's KYC Procedure and Community Reactions

In mid-September 2024, former President Donald Trump unveiled a new venture called World Liberty Financial, a project that has garnered attention not only for its political ties but also for its ambitious goals in the blockchain space. Developed in collaboration with his sons, this project aims to create a landing

SEC Warns FTX Against Repaying Creditors in Cryptocurrency: A Detailed Analysis of the Legal and Financial Implications

The recent developments surrounding the now-defunct cryptocurrency exchange FTX have drawn significant attention, especially concerning the United States Securities and Exchange Commission's (SEC) warnings regarding the repayment of creditors in stablecoins and other cryptocurrencies. This issue brings to light the complexities and potential legal battles that could arise as FTX

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