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Hello_Crypto_2025

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BinanceBinance Cryptocurrency Exchange - The World's Largest Crypto Exchange šŸ”¹ What is Binance? Ā Ā Ā Ā Ā Ā Ā Ā  Binance is one of the largest cryptocurrency exchange platforms in the world. It was founded in 2017 by Changpeng Zhao (CZ). The platform facilitates buying, selling, exchanging and trading of cryptocurrency. šŸ”¹ Key Features: 1. Trading Options: - Spot Trading - Futures Trading - Margin Trading - P2P Trading - Staking 2. Payment Methods: - Credit/Debit cards - Bank transfers - P2P p

Binance

Binance Cryptocurrency Exchange - The World's Largest Crypto Exchange
šŸ”¹ What is Binance?
Ā Ā Ā Ā Ā Ā Ā Ā  Binance is one of the largest cryptocurrency exchange platforms in the world. It was founded in 2017 by Changpeng Zhao (CZ). The platform facilitates buying, selling, exchanging and trading of cryptocurrency.
šŸ”¹ Key Features:
1. Trading Options:
- Spot Trading
- Futures Trading
- Margin Trading
- P2P Trading
- Staking
2. Payment Methods:
- Credit/Debit cards
- Bank transfers
- P2P p
#BinancePizza Cardano (ADA) is a proof-of-stake blockchain platform founded on peer-reviewed research and developed through evidence-based methods. Launched in 2017 by Charles Hoskinson, a co-founder of Ethereum, Cardano aims to provide a more balanced and sustainable ecosystem for cryptocurrencies. Its native cryptocurrency, ADA, is used for transaction fees and staking. Cardano distinguishes itself through its layered architecture, separating the settlement layer (for ADA transactions) from the computational layer (for smart contracts). It employs a unique extended UTXO (EUTXO) model and its Ouroboros proof-of-stake protocol, which is designed for energy efficiency and scalability. The Cardano ecosystem is growing, with an increasing number of decentralized applications (dApps) being built on its network. Currently, 1 ADA is trading at approximately 233.88 Sri Lankan Rupees.
#BinancePizza Cardano (ADA) is a proof-of-stake blockchain platform founded on peer-reviewed research and developed through evidence-based methods. Launched in 2017 by Charles Hoskinson, a co-founder of Ethereum, Cardano aims to provide a more balanced and sustainable ecosystem for cryptocurrencies. Its native cryptocurrency, ADA, is used for transaction fees and staking.
Cardano distinguishes itself through its layered architecture, separating the settlement layer (for ADA transactions) from the computational layer (for smart contracts). It employs a unique extended UTXO (EUTXO) model and its Ouroboros proof-of-stake protocol, which is designed for energy efficiency and scalability. The Cardano ecosystem is growing, with an increasing number of decentralized applications (dApps) being built on its network. Currently, 1 ADA is trading at approximately 233.88 Sri Lankan Rupees.
Sei is a Layer 1 blockchain built with the Cosmos SDK, specifically engineered for trading with a focus on decentralized exchanges (DEXs). Launched in 2023, Sei aims to provide a high-performance infrastructure with features like a built-in order book and matching engine, achieving fast transaction speeds and low latency. Its "Twin-Turbo" consensus mechanism allows for rapid block finality under 400 milliseconds. The SEI token serves as the native utility token for network fees, staking, and potential governance. The Sei ecosystem is growing, focusing on DeFi applications and leveraging its speed and efficiency to attract DEXs and other trading-focused projects. Currently, 1 SEI is trading at approximately 73.80 Sri Lankan Rupees. #CryptoRegulation
Sei is a Layer 1 blockchain built with the Cosmos SDK, specifically engineered for trading with a focus on decentralized exchanges (DEXs). Launched in 2023, Sei aims to provide a high-performance infrastructure with features like a built-in order book and matching engine, achieving fast transaction speeds and low latency. Its "Twin-Turbo" consensus mechanism allows for rapid block finality under 400 milliseconds.
The SEI token serves as the native utility token for network fees, staking, and potential governance. The Sei ecosystem is growing, focusing on DeFi applications and leveraging its speed and efficiency to attract DEXs and other trading-focused projects. Currently, 1 SEI is trading at approximately 73.80 Sri Lankan Rupees.
#CryptoRegulation
My 30 Days' PNL
2025-04-16~2025-05-15
+$0.13
+51.01%
$BTC Sui is a Layer 1 blockchain launched in 2023 by Mysten Labs, focusing on scalability and low-cost transactions through its unique object-centric data model and the Move programming language. Instead of the traditional account-based model, Sui treats on-chain assets as individual objects, enabling parallel transaction processing for increased speed and efficiency. The native SUI token is used for gas fees, staking, and governance. The Sui ecosystem has rapidly expanded, attracting significant Total Value Locked (TVL) in DeFi and fostering a growing number of decentralized applications (dApps) across various sectors like DeFi, NFTs, and gaming. Currently, 1 SUI is trading at approximately 130.36 Sri Lankan Rupees.
$BTC Sui is a Layer 1 blockchain launched in 2023 by Mysten Labs, focusing on scalability and low-cost transactions through its unique object-centric data model and the Move programming language. Instead of the traditional account-based model, Sui treats on-chain assets as individual objects, enabling parallel transaction processing for increased speed and efficiency.
The native SUI token is used for gas fees, staking, and governance. The Sui ecosystem has rapidly expanded, attracting significant Total Value Locked (TVL) in DeFi and fostering a growing number of decentralized applications (dApps) across various sectors like DeFi, NFTs, and gaming. Currently, 1 SUI is trading at approximately 130.36 Sri Lankan Rupees.
#CryptoRegulation Sei is a Layer 1 blockchain built with the Cosmos SDK, specifically engineered for trading with a focus on decentralized exchanges (DEXs). Launched in 2023, Sei aims to provide a high-performance infrastructure with features like a built-in order book and matching engine, achieving fast transaction speeds and low latency. Its "Twin-Turbo" consensus mechanism allows for rapid block finality under 400 milliseconds. The SEI token serves as the native utility token for network fees, staking, and potential governance. The Sei ecosystem is growing, focusing on DeFi applications and leveraging its speed and efficiency to attract DEXs and other trading-focused projects. Currently, 1 SEI is trading at approximately 73.80 Sri Lankan Rupees.
#CryptoRegulation Sei is a Layer 1 blockchain built with the Cosmos SDK, specifically engineered for trading with a focus on decentralized exchanges (DEXs). Launched in 2023, Sei aims to provide a high-performance infrastructure with features like a built-in order book and matching engine, achieving fast transaction speeds and low latency. Its "Twin-Turbo" consensus mechanism allows for rapid block finality under 400 milliseconds.
The SEI token serves as the native utility token for network fees, staking, and potential governance. The Sei ecosystem is growing, focusing on DeFi applications and leveraging its speed and efficiency to attract DEXs and other trading-focused projects. Currently, 1 SEI is trading at approximately 73.80 Sri Lankan Rupees.
$BTC Solana (SOL) is a high-performance blockchain launched in 2020, focused on scalability and speed for decentralized applications (dApps). It achieves this through a unique hybrid consensus mechanism combining Proof of History (PoH) and Proof of Stake (PoS). PoH timestamps transactions, enhancing efficiency. Solana boasts incredibly fast transaction speeds, theoretically up to 65,000 transactions per second, with very low fees, making it attractive for DeFi, NFTs, and Web3 projects. Currently, 1 SOL is trading at approximately $179.64 USD. Its growing ecosystem and technological advantages position it as a strong competitor in the blockchain space.
$BTC Solana (SOL) is a high-performance blockchain launched in 2020, focused on scalability and speed for decentralized applications (dApps). It achieves this through a unique hybrid consensus mechanism combining Proof of History (PoH) and Proof of Stake (PoS). PoH timestamps transactions, enhancing efficiency. Solana boasts incredibly fast transaction speeds, theoretically up to 65,000 transactions per second, with very low fees, making it attractive for DeFi, NFTs, and Web3 projects. Currently, 1 SOL is trading at approximately $179.64 USD. Its growing ecosystem and technological advantages position it as a strong competitor in the blockchain space.
$BTC Polkadot (DOT) is a multichain protocol that aims to enable blockchain interoperability, allowing different blockchains to transfer messages and value in a trustless manner. Conceived by Gavin Wood, a co-founder of Ethereum, Polkadot features a central "relay chain" that provides security and coordination for connected "parachains" – independent blockchains with their own specific use cases and governance. DOT is the native token used for governance, staking (securing the network and participating in consensus), and bonding (connecting new parachains to the relay chain). Polkadot's architecture is designed to be highly scalable and flexible, facilitating innovation by allowing developers to build specialized blockchains that can communicate with each other, fostering a diverse and interconnected Web3 ecosystem.
$BTC Polkadot (DOT) is a multichain protocol that aims to enable blockchain interoperability, allowing different blockchains to transfer messages and value in a trustless manner. Conceived by Gavin Wood, a co-founder of Ethereum, Polkadot features a central "relay chain" that provides security and coordination for connected "parachains" – independent blockchains with their own specific use cases and governance.
DOT is the native token used for governance, staking (securing the network and participating in consensus), and bonding (connecting new parachains to the relay chain). Polkadot's architecture is designed to be highly scalable and flexible, facilitating innovation by allowing developers to build specialized blockchains that can communicate with each other, fostering a diverse and interconnected Web3 ecosystem.
$BTC Polkadot (DOT) is a multichain protocol that aims to enable blockchain interoperability, allowing different blockchains to transfer messages and value in a trustless manner. Conceived by Gavin Wood, a co-founder of Ethereum, Polkadot features a central "relay chain" that provides security and coordination for connected "parachains" – independent blockchains with their own specific use cases and governance. DOT is the native token used for governance, staking (securing the network and participating in consensus), and bonding (connecting new parachains to the relay chain). Polkadot's architecture is designed to be highly scalable and flexible, facilitating innovation by allowing developers to build specialized blockchains that can communicate with each other, fostering a diverse and interconnected Web3 ecosystem.
$BTC Polkadot (DOT) is a multichain protocol that aims to enable blockchain interoperability, allowing different blockchains to transfer messages and value in a trustless manner. Conceived by Gavin Wood, a co-founder of Ethereum, Polkadot features a central "relay chain" that provides security and coordination for connected "parachains" – independent blockchains with their own specific use cases and governance.
DOT is the native token used for governance, staking (securing the network and participating in consensus), and bonding (connecting new parachains to the relay chain). Polkadot's architecture is designed to be highly scalable and flexible, facilitating innovation by allowing developers to build specialized blockchains that can communicate with each other, fostering a diverse and interconnected Web3 ecosystem.
#CryptoRoundTableRemarks Cardano (ADA) is a third-generation, open-source, decentralized blockchain platform founded on peer-reviewed academic research and a strong emphasis on security and sustainability. Developed by Input Output Hong Kong (IOHK), Cardano employs a unique Ouroboros proof-of-stake consensus mechanism, designed to be energy-efficient and scalable. Its layered architecture separates the settlement layer (for ADA transactions) from the computational layer (for smart contracts). Cardano's development follows a phased roadmap (Byron, Shelley, Goguen, Basho, Voltaire), progressively adding functionalities like staking, native asset support, and governance features. With a focus on formal verification and rigorous testing, Cardano aims to provide a robust and scalable infrastructure for decentralized applications and societal systems.
#CryptoRoundTableRemarks Cardano (ADA) is a third-generation, open-source, decentralized blockchain platform founded on peer-reviewed academic research and a strong emphasis on security and sustainability. Developed by Input Output Hong Kong (IOHK), Cardano employs a unique Ouroboros proof-of-stake consensus mechanism, designed to be energy-efficient and scalable.
Its layered architecture separates the settlement layer (for ADA transactions) from the computational layer (for smart contracts). Cardano's development follows a phased roadmap (Byron, Shelley, Goguen, Basho, Voltaire), progressively adding functionalities like staking, native asset support, and governance features. With a focus on formal verification and rigorous testing, Cardano aims to provide a robust and scalable infrastructure for decentralized applications and societal systems.
#CryptoCPIWatch Solana (SOL) is a high-performance Layer 1 blockchain focused on scalability and speed, aiming to support decentralized applications (dApps) with low transaction costs. Its architecture combines a unique Proof-of-History (PoH) consensus mechanism with Proof-of-Stake (PoS), enabling parallel transaction processing and significantly higher throughput compared to many other blockchains, theoretically reaching over 65,000 transactions per second. Solana's ecosystem has grown rapidly, hosting various DeFi platforms, NFT marketplaces, and Web3 projects. Its native cryptocurrency, SOL, is used for transaction fees, staking, and governance. While known for its speed and low costs, Solana has faced occasional network outages, which remain a point of concern. Nevertheless, its innovative technology and growing adoption position it as a strong contender in the blockchain space.
#CryptoCPIWatch Solana (SOL) is a high-performance Layer 1 blockchain focused on scalability and speed, aiming to support decentralized applications (dApps) with low transaction costs. Its architecture combines a unique Proof-of-History (PoH) consensus mechanism with Proof-of-Stake (PoS), enabling parallel transaction processing and significantly higher throughput compared to many other blockchains, theoretically reaching over 65,000 transactions per second.
Solana's ecosystem has grown rapidly, hosting various DeFi platforms, NFT marketplaces, and Web3 projects. Its native cryptocurrency, SOL, is used for transaction fees, staking, and governance. While known for its speed and low costs, Solana has faced occasional network outages, which remain a point of concern. Nevertheless, its innovative technology and growing adoption position it as a strong contender in the blockchain space.
$BTC Ethereum (ETH) is the native cryptocurrency of the Ethereum blockchain, a decentralized, open-source platform that launched in 2015. Beyond being a digital currency, Ethereum is designed as a world computer that can execute smart contracts – self-executing agreements with the terms of the agreement directly written into code. This capability has enabled the development of a vast ecosystem of decentralized applications (dApps), including DeFi protocols, NFTs, and DAOs. ETH is used to pay for transaction fees, known as "gas," on the Ethereum network. It also serves as the base asset for many applications built on the platform and is used for staking to secure the network under its Proof-of-Stake consensus mechanism. Ethereum is the second-largest cryptocurrency by market capitalization and continues to be a foundational technology for the Web3 space.
$BTC Ethereum (ETH) is the native cryptocurrency of the Ethereum blockchain, a decentralized, open-source platform that launched in 2015. Beyond being a digital currency, Ethereum is designed as a world computer that can execute smart contracts – self-executing agreements with the terms of the agreement directly written into code. This capability has enabled the development of a vast ecosystem of decentralized applications (dApps), including DeFi protocols, NFTs, and DAOs.
ETH is used to pay for transaction fees, known as "gas," on the Ethereum network. It also serves as the base asset for many applications built on the platform and is used for staking to secure the network under its Proof-of-Stake consensus mechanism. Ethereum is the second-largest cryptocurrency by market capitalization and continues to be a foundational technology for the Web3 space.
#TradeWarEases Cardano (ADA) is the native cryptocurrency of the Cardano blockchain, a third-generation, open-source platform launched in 2017. It distinguishes itself by being the first blockchain developed through peer-reviewed research and a scientific philosophy, aiming for a more secure, scalable, and sustainable infrastructure than earlier blockchains like Bitcoin and Ethereum. ADA serves multiple purposes within the Cardano ecosystem. It's used to pay transaction fees on the network and can be staked by users to participate in the network's Proof-of-Stake (PoS) consensus mechanism called Ouroboros, earning rewards for validating transactions. Furthermore, ADA holders have the potential to participate in governance decisions, influencing the future development of the Cardano protocol. Currently trading around 246.14 LKR, Cardano aims to be a platform for decentralized applications (dApps) and smart contracts, similar to Ethereum, but with a strong emphasis on rigorous development and academic backing. Its layered architecture, separating the settlement layer (for ADA transactions) from the computational layer (for smart contracts), is designed to enhance the network's flexibility and upgradeability.
#TradeWarEases Cardano (ADA) is the native cryptocurrency of the Cardano blockchain, a third-generation, open-source platform launched in 2017. It distinguishes itself by being the first blockchain developed through peer-reviewed research and a scientific philosophy, aiming for a more secure, scalable, and sustainable infrastructure than earlier blockchains like Bitcoin and Ethereum.
ADA serves multiple purposes within the Cardano ecosystem. It's used to pay transaction fees on the network and can be staked by users to participate in the network's Proof-of-Stake (PoS) consensus mechanism called Ouroboros, earning rewards for validating transactions. Furthermore, ADA holders have the potential to participate in governance decisions, influencing the future development of the Cardano protocol.
Currently trading around 246.14 LKR, Cardano aims to be a platform for decentralized applications (dApps) and smart contracts, similar to Ethereum, but with a strong emphasis on rigorous development and academic backing. Its layered architecture, separating the settlement layer (for ADA transactions) from the computational layer (for smart contracts), is designed to enhance the network's flexibility and upgradeability.
#ETHCrossed2500 Ethereum is a decentralized platform that established the concept of smart contracts, enabling the development of decentralized applications (dApps). Its native cryptocurrency, Ether (ETH), is the second-largest by market capitalization. Unlike Bitcoin, Ethereum aims to be more than just a digital currency, positioning itself as a world computer for various applications, including DeFi and NFTs. The network transitioned to a proof-of-stake consensus mechanism in 2022, significantly reducing its energy consumption and paving the way for further scalability improvements.
#ETHCrossed2500 Ethereum is a decentralized platform that established the concept of smart contracts, enabling the development of decentralized applications (dApps). Its native cryptocurrency, Ether (ETH), is the second-largest by market capitalization. Unlike Bitcoin, Ethereum aims to be more than just a digital currency, positioning itself as a world computer for various applications, including DeFi and NFTs. The network transitioned to a proof-of-stake consensus mechanism in 2022, significantly reducing its energy consumption and paving the way for further scalability improvements.
$XRP Sui is a layer-1 blockchain designed for high throughput and low latency, utilizing an object-centric data model and the Move programming language. This architecture enables parallel transaction processing, enhancing scalability and efficiency, making it suitable for applications like DeFi, NFTs, and gaming. The SUI token serves as the native asset for transaction fees, staking for network security via delegated proof-of-stake, and governance. With a capped total supply of 10 billion tokens, Sui aims to support a growing ecosystem of decentralized applications by offering a secure and scalable infrastructure.
$XRP Sui is a layer-1 blockchain designed for high throughput and low latency, utilizing an object-centric data model and the Move programming language. This architecture enables parallel transaction processing, enhancing scalability and efficiency, making it suitable for applications like DeFi, NFTs, and gaming. The SUI token serves as the native asset for transaction fees, staking for network security via delegated proof-of-stake, and governance. With a capped total supply of 10 billion tokens, Sui aims to support a growing ecosystem of decentralized applications by offering a secure and scalable infrastructure.
#AltcoinSeasonLoading Sei is a layer-1 blockchain specifically designed and optimized for trading, aiming to provide a superior infrastructure for decentralized exchanges (DEXs) and other trading applications. Built using the Cosmos SDK, Sei boasts features like a native order matching engine, parallel order execution, and the "Twin-Turbo" consensus mechanism, enabling high transaction speeds and low latency, reaching near-instant finality around 400 milliseconds. The SEI token is the native utility token of the Sei network. It serves multiple purposes, including paying for network transaction fees, staking for network security through delegated proof-of-stake, participating in governance decisions by voting on proposals, and potentially being used as native collateral for applications built on the Sei blockchain. Sei's focus on optimizing the trading experience positions it as a unique player in the blockchain landscape, catering to the specific needs of DeFi and exchange-related applications.
#AltcoinSeasonLoading Sei is a layer-1 blockchain specifically designed and optimized for trading, aiming to provide a superior infrastructure for decentralized exchanges (DEXs) and other trading applications. Built using the Cosmos SDK, Sei boasts features like a native order matching engine, parallel order execution, and the "Twin-Turbo" consensus mechanism, enabling high transaction speeds and low latency, reaching near-instant finality around 400 milliseconds.
The SEI token is the native utility token of the Sei network. It serves multiple purposes, including paying for network transaction fees, staking for network security through delegated proof-of-stake, participating in governance decisions by voting on proposals, and potentially being used as native collateral for applications built on the Sei blockchain. Sei's focus on optimizing the trading experience positions it as a unique player in the blockchain landscape, catering to the specific needs of DeFi and exchange-related applications.
$BTC Bitcoin (BTC) is the pioneering decentralized digital currency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network using blockchain technology, a distributed ledger that records all transactions transparently and securely without the need for intermediaries like banks. With a maximum supply of 21 million coins, Bitcoin's scarcity is a key aspect of its tokenomics, often likened to digital gold. New bitcoins are introduced into circulation through a process called mining, where participants solve complex computational puzzles to validate transactions and add new blocks to the blockchain, receiving bitcoin as a reward. This reward halves approximately every four years, further controlling the supply. Initially conceived as a medium of exchange, Bitcoin has increasingly become viewed as a store of value. Its decentralized nature, limited supply, and growing adoption have contributed to its significance as the first and most well-known cryptocurrency.
$BTC Bitcoin (BTC) is the pioneering decentralized digital currency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network using blockchain technology, a distributed ledger that records all transactions transparently and securely without the need for intermediaries like banks.
With a maximum supply of 21 million coins, Bitcoin's scarcity is a key aspect of its tokenomics, often likened to digital gold. New bitcoins are introduced into circulation through a process called mining, where participants solve complex computational puzzles to validate transactions and add new blocks to the blockchain, receiving bitcoin as a reward. This reward halves approximately every four years, further controlling the supply.
Initially conceived as a medium of exchange, Bitcoin has increasingly become viewed as a store of value. Its decentralized nature, limited supply, and growing adoption have contributed to its significance as the first and most well-known cryptocurrency.
#CryptoComeback Pepe (PEPE) is a deflationary meme coin that gained significant popularity in the cryptocurrency space in early 2023. It is based on the internet meme of Pepe the Frog, a character that originated in a comic series and has since been widely adopted and remixed online. PEPE operates as an ERC-20 token on the Ethereum blockchain. It distinguishes itself by explicitly stating it has "no intrinsic value or expectation of financial return," positioning itself purely as a meme-driven and community-focused token. Its tokenomics often include features like a "no tax" policy on transactions and a burn mechanism, where a portion of each transaction is permanently removed from circulation to potentially increase scarcity over time. The rapid rise in PEPE's value was largely fueled by social media hype and a strong online community embracing its meme origins. This surge in popularity led to its listing on various cryptocurrency exchanges. However, like many meme coins, PEPE's price is highly volatile and susceptible to rapid fluctuations based on internet trends and sentiment. It's important to note that investments in meme coins carry significant risk due to their speculative nature and lack of fundamental value.
#CryptoComeback Pepe (PEPE) is a deflationary meme coin that gained significant popularity in the cryptocurrency space in early 2023. It is based on the internet meme of Pepe the Frog, a character that originated in a comic series and has since been widely adopted and remixed online.
PEPE operates as an ERC-20 token on the Ethereum blockchain. It distinguishes itself by explicitly stating it has "no intrinsic value or expectation of financial return," positioning itself purely as a meme-driven and community-focused token. Its tokenomics often include features like a "no tax" policy on transactions and a burn mechanism, where a portion of each transaction is permanently removed from circulation to potentially increase scarcity over time.
The rapid rise in PEPE's value was largely fueled by social media hype and a strong online community embracing its meme origins. This surge in popularity led to its listing on various cryptocurrency exchanges. However, like many meme coins, PEPE's price is highly volatile and susceptible to rapid fluctuations based on internet trends and sentiment. It's important to note that investments in meme coins carry significant risk due to their speculative nature and lack of fundamental value.
$USDC USDC (USD Coin) is a fully collateralized stablecoin pegged 1:1 to the US dollar. Launched in 2018 by the Centre Consortium (a partnership between Coinbase and Circle), it aims to provide a stable and transparent digital currency. For every USDC in circulation, an equivalent amount of US dollars or dollar-denominated assets are held in reserve by regulated financial institutions. These reserves are subject to regular audits to ensure transparency and maintain the peg. USDC operates as an ERC-20 token on the Ethereum blockchain and is also available on several other blockchains like Solana, Avalanche, and TRON, enhancing its interoperability. Its stability makes it a popular choice for traders, DeFi protocols, and businesses seeking a less volatile cryptocurrency for transactions, lending, borrowing, and cross-border payments. USDC aims to bridge traditional finance and the crypto world by offering a reliable digital representation of the US dollar.
$USDC USDC (USD Coin) is a fully collateralized stablecoin pegged 1:1 to the US dollar. Launched in 2018 by the Centre Consortium (a partnership between Coinbase and Circle), it aims to provide a stable and transparent digital currency. For every USDC in circulation, an equivalent amount of US dollars or dollar-denominated assets are held in reserve by regulated financial institutions. These reserves are subject to regular audits to ensure transparency and maintain the peg.
USDC operates as an ERC-20 token on the Ethereum blockchain and is also available on several other blockchains like Solana, Avalanche, and TRON, enhancing its interoperability. Its stability makes it a popular choice for traders, DeFi protocols, and businesses seeking a less volatile cryptocurrency for transactions, lending, borrowing, and cross-border payments. USDC aims to bridge traditional finance and the crypto world by offering a reliable digital representation of the US dollar.
$BTC USDT (USD Tether) is a stablecoin pegged to the US dollar, meaning it aims to maintain a value of $1. It is the most widely used stablecoin in the cryptocurrency market and serves as a crucial asset for traders and decentralized finance (DeFi) protocols seeking stability amidst the volatility of other cryptocurrencies. Tether Limited, the company that issues USDT, claims that each USDT token is backed by one US dollar held in its reserves or equivalent assets. However, the composition and transparency of these reserves have been a subject of ongoing debate and regulatory scrutiny. While Tether publishes reports on its reserves, it has faced criticism for a lack of full audits from reputable firms, leading to concerns about whether the reserves fully match the circulating supply of USDT. Despite these controversies, USDT remains a dominant force in the crypto market due to its high liquidity and wide adoption across numerous exchanges and blockchains, including Ethereum, TRON, Solana, and others. It facilitates trading by providing a stable base currency and enables users to move funds between exchanges quickly and efficiently. USDT's significance is underscored by its massive market capitalization, often ranking among the top cryptocurrencies. However, users and investors should be aware of the historical and ongoing concerns surrounding its transparency and regulatory compliance.
$BTC USDT (USD Tether) is a stablecoin pegged to the US dollar, meaning it aims to maintain a value of $1. It is the most widely used stablecoin in the cryptocurrency market and serves as a crucial asset for traders and decentralized finance (DeFi) protocols seeking stability amidst the volatility of other cryptocurrencies.
Tether Limited, the company that issues USDT, claims that each USDT token is backed by one US dollar held in its reserves or equivalent assets. However, the composition and transparency of these reserves have been a subject of ongoing debate and regulatory scrutiny. While Tether publishes reports on its reserves, it has faced criticism for a lack of full audits from reputable firms, leading to concerns about whether the reserves fully match the circulating supply of USDT.
Despite these controversies, USDT remains a dominant force in the crypto market due to its high liquidity and wide adoption across numerous exchanges and blockchains, including Ethereum, TRON, Solana, and others. It facilitates trading by providing a stable base currency and enables users to move funds between exchanges quickly and efficiently. USDT's significance is underscored by its massive market capitalization, often ranking among the top cryptocurrencies. However, users and investors should be aware of the historical and ongoing concerns surrounding its transparency and regulatory compliance.
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