Eurozone Central Bank deposit facility rate as of July 24

This article introduces a channel that focuses on sharing blockchain projects, popularizing blockchain, decentralized finance (DeFi), NFT, and other areas, and shares various digital currencies, trading analysis, technical analysis, airdrops, and other related content. The article focuses on mainstream tokens such as Bitcoin and Ethereum, as well as altcoins like Dogecoin and SHIB, and also shares information about various projects, platforms, exchanges, etc.

💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

Stablecoins have expanded more swiftly this year compared to the previous one. Just a week earlier, the stablecoin market was valued at $155.86 billion; today, it stands at $158.67 billion, reflecting a 1.8% increase. In contrast to the broader cryptocurrency market, which experienced a noticeable decline, the dollar-pegged crypto sector demonstrated strong growth. Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation Stablecoin dominance according to defillama.com. The overall value of the stablecoin market increased by approximately $2.81 billion, with $2.2 billion of this growth attributable to tether (USDT). Over the past month, tether’s supply expanded by 5.6%, reaching a current valuation of $109.38 billion. Last week, on April 12, usd coin (USDC) held a market valuation of about $32.02 billion, which has since risen to $33.15 billion. DAI also enjoyed a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In contrast, FDUSD experienced a small drop from $3.93 billion on April 12 to $3.58 billion today. Despite this weekly dip, FDUSD’s supply has risen by 23.8% since March 19. Ethena’s USDE has shown no significant changes in supply over the past week, maintaining a stable figure of $2.38 billion. Over the past month, USDD, TUSD, and USDP have all recorded declines. USDD’s supply decreased by 2.7% this month, while TUSD saw a substantial 48.9% reduction over the same period. Paxos’ USDP experienced a 25.2% cut since March 19. Meanwhile, Paypal’s stablecoin, PYUSD, achieved a 6.8% increase this month, boosting its market valuation to $202 million at press time. In the dynamic landscape of the stablecoin market, this week’s growth exemplifies a clear deviation from the broader cryptocurrency trends, with USDT leading the charge. As the market faces fluctuations, stablecoins seem to offer a semblance of stability, albeit with varying supply changes among different tokens.

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TRON officially logs in to Nasdaq, and Sun Yuchen personally rings the opening bell! Mr. Sun will personally stand on the stage of the Nasdaq exchange tomorrow and live broadcast the bell ringing ceremony at Times Square, ringing the bell for TRON Inc !! From a young cryptocurrency entrepreneur to now standing at the heart of the traditional financial world under the name of TRON, this moment belongs not only to Mr. Sun but also to the entire cryptocurrency community. For Sun Ge, this bell-ringing is like completing a key piece of the puzzle. Along the way, he first acquired BitTorrent, seized the high ground for USDT minting, launched the decentralized stablecoin USDD, and then went All in USA. Sun Ge has almost participated in all mainstream narratives. And this time of log in to Nasdaq seems more like a summary of his layout over the years - the cryptocurrency world will eventually return to the traditional financial markets to complete the loop. TRON is not just a chain, it is now a channel that connects on-chain and off-chain, connecting the cryptocurrency world with Wall Street. The most interesting thing is that the main entity ringing the bell this time is not the TRON Foundation, nor the TRON Dao, but a company restructured and integrated by Sun - SRM Entertainment, which has a new name: TRON Inc. In the SEC documents and on the Nasdaq screen, the four capital letters - T·R·O·N appeared for the first time! This is not just a visual shock, but a statement: to boldly bring TRON to Wall Street for everyone to see. Perhaps Sun has faced many doubts along the way, but it is undeniable that he has indeed bridged the gap between the crypto world and traditional finance step by step. His ambition has never been limited to on-chain DeFi, but aims for the entire financial world. The moment the bell rings is both a face project and a substantive project. It not only gave TRON Inc a legitimate identity in the capital market but also provided Sun with a powerful statement: we not only have hundreds of millions of users on-chain but also a name on Wall Street. In the future, when discussing financing, going overseas, and traditional finance accepting Web3, there's no need to cite examples from others; TRON itself can become the model! Now the position of the Tron network is becoming more solid and strong!! @justinsuntron @trondao #TRONEcoStar##Trump’s AI Strategy## TRON #