The fast-paced world of crypto is seeing some major developments. This month’s biggest news is the testnet launch for the DTX blockchain, which has become the top ICO project following the announcement. Meanwhile, Tron (TRX) has captured the rank of one of the top 10 cryptocurrencies, pushing Cardano to 11th place. Last week, Solana (SOL) ETF news also hit the market, creating volatility and bringing good news for Solana (SOL) holders.
Tron (TRX) Network Sees Another $1B USDT Mint as Tether Expands
Tether has minted an additional 1 billion USDT tokens on the Tron (TRX) network, bringing the total USDT minted over the past year to $33 billion. Blockchain data reveals that Tether created these 1 billion USDT tokens on Tron (TRX) and transferred them to its treasury wallet. This latest minting on Tron (TRX) comes shortly after Tether minted another billion USDT on Ethereum.
Although Tether hasn’t released an official statement about the new tokens on Tron (TRX), they likely serve the same purpose as the recently minted USDT on Ethereum. Tron (TRX) currently leads the stablecoin supply market.
Solana (SOL) Boosts PayPal USD to $1B Market Cap Milestone
The market capitalization of PayPal’s Solana (SOL) based stablecoin, PYUSD, has surpassed $1 billion, boosting on-chain activity and demand on the Solana (SOL) network. While the payments company had a slow start with its stablecoin on Ethereum last year, its recent move to Solana (SOL) and the introduction of DeFi reward programs have driven the token’s growth.
Since PYUSD was deployed on Solana (SOL) recently, its market cap has surged from $399 million to $1.01 billion. Solana (SOL)now accounts for 64% of PayPal USD’s market cap, totaling $647 million. PYUSD is currently the third-largest stablecoin, following USD Coin (USDC) at $2.55 billion and Tether (USDT) at $723.5 million.
DTX Exchange (DTX) Team Says Time Has Come DTX To Shine
The DTX platform is a blockchain project that has already entered the testing phase and is scheduled for the public main launch in September 2024. Tron (TRX) and Solana (SOL) community investors skipped to the slots. Because it is now undervalued, they say it is the best cryptocurrency you can buy.
DTX Exchange recently attracted 800 investors two days after the testing announcement. This DTX is gaining more popularity due to its excellent trading features. These features include a secure leverage of 1000X, a non-custodial wallet, no KYC requirement, and a distributed pool of liquidity. DTX Exchange customers can maximize their profits through high leverage, which allows them to reduce risks substantially.
DTX allows traders to trade over 120,000 assets on different markets, such as cryptocurrencies, stocks, bonds, foreign exchanges, and commodities.
The public presale for DTX’s second round has raised more than $1.6 million and $2 million in private seed. The DTX Exchange is scheduled to become a prominent member and will have a chance to ascend the rankings when its mainnet launches. The DTX coin sells now for 0.04 USD. Its price forecast for the next offering round is $0.06.
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