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Facebook's earlier Libra project collapsed under regulatory pressure, but a slew of Big Tech firms are now exploring stablecoin adoption.
Users who deposit stablecoins into Plasma's vault are able to earn the right to purchase Plasma's token, XPL.
Analysts attribute the inflows to positive regulatory discussions around DeFi and stablecoins, alongside a spillover effect from bitcoin.
Bessent said at a Senate hearing that the U.S. dollar stablecoin market will surpass $2 trillion with legislative support.
OpenSea's new rewards program and broader utility-focused developments signal a shift from speculation to functional use cases.
The struggling video game retailer said Tuesday it holds 4,710 BTC since updating its invesment policy earlier this year.
Szilágyi also claims the EF, which has been undergoing a shift in leadership and focus, also funded a rival Geth development team.
Trading will start on Thursday at 12 p.m. ET once they meet liquidity conditions, enabling trading pairs of FARTCOIN-USD, CAKE-USD and SQD-USD.
Invoking cloture on GENIUS sets it up for final passage on Monday unless leadership reach a time agreement that shortens debate on the bill.
The application, called Take My Ape, uses a process known as Liquefaction that allows users to take control of a Bored Ape NFT that they do not own for a limited period.