Source: Cointelegraph Tether teams up with the UAE’s Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances. Tether, the largest stablecoin provider in the digital asset industry, has announced plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). According to… Continue reading Tether plans to launch dirham stablecoin with UAE partners
Tag: adoption
Telegram to get Mini App store by the end of July — Pavel Durov
Source: Cointelegraph According to the company, Telegram has over 900 million monthly active users and ranks among the top 10 most downloaded apps worldwide. Telegram founder Pavel Durov announced the popular messaging platform will have launched a Mini App store and an in-app browser with built-in Web3 support by the end of July. Additionally, Durov… Continue reading Telegram to get Mini App store by the end of July — Pavel Durov
MetaMask unveils new toolkit to streamline Web3, user onboarding
Source: Cointelegraph Consensys introduces a game-changing toolkit at EthCC, streamlining decentralized app development and enhancing Web3 user engagement. Consensys unveiled the MetaMask Delegation Toolkit at EthCC, marking a significant milestone in the company’s efforts to promote Web3 and blockchain adoption. According to a press release shared with Cointelegraph, the toolkit enables developers to create decentralized… Continue reading MetaMask unveils new toolkit to streamline Web3, user onboarding
European Central Bank releases first CBDC progress update
Source: Cointelegraph The ECB promised pseudonymization and independent audits of the CBDC system to calm consumer fears of tracking. The European Central Bank (ECB) released its first progress report on developing a central bank digital currency (CBDC) in a June 24 update. Privacy provisions were a main focus, with the ECB promising pseudonymization, hashing functions,… Continue reading European Central Bank releases first CBDC progress update
Tokenized Assets to Reach $2 Trillion Market Size by 2030, McKinsey Predicts
Source: Cryptonews Tokenized financial assets are poised to achieve a market size of approximately $2 trillion by 2030, according to analysts at consulting firm McKinsey & Company. In a recent report, the analysts noted that while the adoption of tokenization has had a slow start, they anticipate significant growth in the coming years. They even… Continue reading Tokenized Assets to Reach $2 Trillion Market Size by 2030, McKinsey Predicts
NASA created VR metaverse to prep astronauts for life on lunar space station
Source: Cointelegraph “When they slip on their headsets, they’re not just seeing the station—they’re in it.” according to a NASA blog post. While most of us spend our time in the metaverse trading assets or bopping around in virtual realities on legless avatars, astronauts working with NASA and SpaceX are using it to prepare for… Continue reading NASA created VR metaverse to prep astronauts for life on lunar space station
BIS and 7 central banks to explore asset tokenization through Project Agora
Source: Cointelegraph The proof-of-concept projects seek to create a centralized platform for cross-border CBDC payments and tokenized money transfers. The Bank for International Settlements (BIS) has teamed up with the central banks of France, Japan, South Korea, Mexico, Switzerland, the United Kingdom and the United States Federal Reserve Banks to explore asset tokenization within the… Continue reading BIS and 7 central banks to explore asset tokenization through Project Agora
