The stablecoin world is rapidly advancing. While we wait for regulations out of the US, other countries are tending to their own turf.
In this video I discuss how Dubai turned to Circle, making USDC and EURC the first officially recognized stablecoins. We are going to see an interesting evolution which I spell out in this video.
▶️ 3Speak
Is this Eurc available now, am frequent with USDT, but the last i checked on binance data it seems USDC looses a fraction sometimes
Yes, it is.
Keeping the price stable is all about liquidity compared to the size of big transactions.
You see that with HBD. On the internal market HBD is really quite stable, but on exchanges where the liquidity is lower, you see more variance in price.
hmmm i get that now thank you
You’re welcome
A very interesting step. I would think that El Salvador, Argentina might do the same.
That is a good thing that USDC and EURC were recognized as stablecoins
I agree that this would be an interesting evolution going on