#WYSTStablecoin
After the recent leveraged trading incident worth $6 million, which led to the delisting of the JELLYJELLY token from the Hyperliquid platform, Binance Futures has now listed the perpetual contract number JELLYJELLYUSDT, offering leverage of up to 50 times.
💬 What is your strategy for trading JELLY JELLY?
Wyoming is set to become the first U.S. state to launch its stablecoin backed by traditional currencies, announcing plans to launch the $WYST token by July 2025. The $WYST token, fully backed by the U.S. dollar and short-term treasury bonds, aims to provide a blockchain-based payment option issued by the state, while maintaining price stability and regulatory clarity. This move represents a bold step in the adoption and innovation of cryptocurrencies at the state level, and could set a precedent for other states to follow. 💬 What do you think about states issuing their own stablecoins?
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