Cryptocurrency News & Live Updates
Synopsis
Hedera Hashgraph’s HBAR token has dropped to $0.1450, marking a significant decline amid an 82% fall in stablecoin supply on the network, despite the launch of AUDD, the first Australian dollar stablecoin.
Hedera Hashgraph’s HBAR token is experiencing a downturn, recently hitting a low of $0.1450, which is 35% lower than its peak in May. This decline coincides with a drastic 82% drop in stablecoin supply on the Hedera network, now valued at just $40 million. In contrast, newer chains like Sonic and Unichain are thriving with stablecoin supplies exceeding $380 million. Meanwhile, Momentum is collaborating with Wormhole and OKX to enhance liquidity on the Sui network, aiming to attract billions in cross-chain assets. This partnership marks a significant step for Sui, as it becomes the first decentralized exchange to support Wormhole’s NTT-powered assets. Additionally, Visa is partnering with Yellow Card to facilitate stablecoin settlements across 20 African markets, addressing local currency volatility and enhancing cross-border transactions. This initiative aims to streamline digital dollar flows in regions where traditional banking processes are slow and costly. Together, these developments highlight the evolving landscape of cryptocurrency, with various projects striving to improve liquidity, accessibility, and stability in the market.
Show more
HBAR Faces Decline as Key Metric Plummets
Hedera Hashgraph’s HBAR token has dropped to $0.1450, marking a significant decline amid an 82% fall in stablecoin supply on the network, despite the launch of AUDD, the first Australian dollar stablecoin.
Momentum, Wormhole & OKX Enhance Sui Network Liquidity
Momentum partners with Wormhole and OKX Wallet to enhance cross-chain liquidity on the Sui network, enabling seamless asset transfers and attracting billions in liquidity.
Visa Partners with Yellow Card to Boost Stablecoin Use in Africa
Visa is collaborating with Yellow Card Financial to implement stablecoin settlements in 20 African markets, starting with a pilot program, aiming to enhance transaction speed and reduce costs amid local currency volatility.