The Daily Leo | FinTech-linked Global Dollar, Threads V2
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FinTech-linked Global Dollar, Threads V2
The collaboration between Financial technology (FinTech), Traditional financial (TradFi) institutions and crypto firms have continued to grow unhindered. This is ushering us to an era of a more decentralized and transparent financial products but with a touch of the "usual" thing. The emergence of the Global Dollar Network is an example that promises to increase stablecoin adoption, and expand real-world use cases. Meanwhile, web3 developers are working hard to create decentralized socialmedia tools with web2 feel and InLeo Threads V2 is an example. These and more are captured in this compilation. The featured articles are worth your reading time.
FinTech and Crypto Firms Launch Global Dollar Stablecoin Network
Leading FinTech, TradFi, and Crypto firms including Robinhood, Kraken, Paxos, Galaxy Digital, and DBS Bank are collaborating to launch Global Dollar Network, a stablecoin platform featuring USDG, a dollar-backed stablecoin issued by Paxos. The network's USDG stablecoin is backed 1:1 with the U.S. dollar and is currently available on the Ethereum blockchain. The Global Dollar Network aims to incentivize global stablecoin usage and accelerate societal-wide adoption of stablecoin technology. it will expand the stablecoin ecosystem, address the demand for secure and regulated digital dollar options, facilitate seamless, low-cost transactions worldwide, increase stablecoin adoption, and expand real-world use cases.
Goggle N3 Drones are Here!
The DJI brand recently introduced the Goggle N3 for FPV drones. This new and improved version of DJI's goggles offers better comfort and functionality for drone pilots. The Goggle N3 is available for pre-order and will ship at the end of the month. The new model of Goggle N3 offers improvements in comfort, usability, and features such as a defogging function and augmented reality. The Goggle N3 features a single 1080p LCD screen, a maximum bit rate of 60 Mbps for data transfer, and compatibility with the Avata 2 and Neo drones. It is priced at $229 for pre-order.
InLeo Launches Threads V2
INLEO, a leading web3 social media platform has introduced "Threads V2", a significant update to the decentralized microblogging platform with a focus on scalability and performance. Threads V2 will improve user experience, prepare for integration with Dash Team and 3 Memecoin communities, and handle a surge in new users and engagement. The update also includes performance improvements, new features like a responsive back button, rethread redesign, and a premium indicator. Threads V2 is officially live on the Hive blockchain after a few weeks of development and testing.
New Era for Risky Markets
The start of a new era for risky markets under Trump's management is here. We'll likely experiencing a growing risk of inflation replaced by potential recession, and central bank policies that will impact economies and markets. Investors are to look out for new policies and central bank control, analyze charts and trends in interest rates and assets, seek opportunities to boost economies and grow global trade, in order to beat inflation and protect purchasing power, trading and investing in stocks and cryptocurrencies. Are we ready for the risky markets?
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Posted Using InLeo Alpha
The Global Dollar sounds like a great idea. I'll read that up.
As for the response of the markets to the US elections, it is important for traders and investors to be very wary as the markets get more volatile.