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A new stablecoin called USDV launched Tuesday, backed by tokenized U.S. Treasuries in an effort to provide transparency and stability.

According to an announcement shared with crypto.news, USDV is pegged to the U.S. dollar and underpinned by short-term treasury bills converted into digital tokens using blockchain technology. The tokens were created by Matrixport, a cryptocurrency financial services company.

Stablecoins are digital currencies designed to have a stable value and maintain it either by being attached to an asset like the U.S. dollar or complex tokenomics. They have grown in popularity recently but also drawn more scrutiny from regulators concerned about transparency and potential runs.

USDV attempts to address those concerns by allegedly allowing holders to verify the Treasuries backing the coin in real time. The smart contracts governing USDV have undergone third-party security audits, according to the nonprofit Verified USD Foundation which launched the coin.

The foundation says USDV will foster a community of verified minters who can get rewarded for contributing to the ecosystem. It uses an algorithm called ColorTrace to distribute rewards.

Major industry players, like cryptocurrency exchange Bitget and decentralized finance platform Curve Finance, are among two dozen inaugural supporters of USDV. Stablecoins have seen massive growth over the past year, now topping a market cap of $126 billion. Tether remains the largest by far.

USDV launches initially on five blockchains Ethereum (ETH), Binance Smart Chain (BNB), Avalanche (AVAX), Arbitrum (ARB) and Optimism (OP). The foundation says it plans to expand to more than 40 chains through a technology called omnichain fungible tokens developed by LayerZero.

The Treasury tokens are available only to accredited investors due to securities regulations. But the resulting USDV stablecoin can be used by anyone.

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USDV stablecoin backed by tokenized treasuries launches - crypto.news

The prices of Layer-2 protocols Polygon (MATIC) and Immutable (IMX) have surged after a report found the two led the growing blockchain gaming sector. This expanded dominance has boosted the investment appeal of both cryptocurrencies.

Polygon spiked as much as 10% on Wednesday to $0.97, while Immutable likewise gained 8% to $1.23. The rally comes on the heels of research from Game7 DAO that labeled Polygon and Immutable as top players in Web3 gaming.

Though most play-to-earn titles are built on Layer-1 chains like , Polygon has broken the mold by hosting the most new blockchain games. It now beats out rivals Binance Smart Chain and Ethereum in game development.

Additionally, the report found Immutable has become the most popular gaming-focused platform, surpassing competitors like Arbitrum. The research highlighted the momentum of these two protocols in the red-hot gaming space.

With increased competition among Layer-2 solutions, Polygons gaming lead provides a significant edge for adoption and demand growth. If it continues dominating blockchain-based game development, bullish speculation on the MATIC token could rise.

Polygon also has its upcoming upgrade to POL on the horizon, an event that should further reinvigorate price performance. Meanwhile, integration between Polygon and Immutable will likely expand based on their complementary gaming strengths.

Immutable co-founder Robbie Ferguson has emphasized Polygons central role in blockchain mass adoption, making collaboration a natural fit. As gaming bridges crypto to mainstream audiences, the success of Polygon and Immutable proves instrumental for the broader industrys future.

Their outperformance comes amid increased institutional investment, signaling the growing legitimacy of crypto and Web3. Polygon and Immutables rally reflects their strengthened position to capitalize on surging interest in blockchains evolution.

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What Fueled Polygon's (MATIC) 10% Price Increase? - Investing.com India

The article explores the new developments, enhancements, and innovations that will shape the protocol's trajectory within the CoreDAO ecosystem.

On January 14, Core DAO debuted on the mainnet stage, becoming a noteworthy player in Decentralized Finance (DeFi).

At the heart of Core DAO's mission is the ambitious pursuit of addressing the notorious Blockchain Trilemma, a conundrum that has long perplexed blockchain architects. The project takes a unique approach by harnessing the formidable Bitcoin hash rate and combining it with the efficiency of the delegated proof-of-stake (DPoS) consensus mechanism.It is designed to create a decentralized blockchain that is secure, scalable, and maintains a decentralized ethos.

Core DAO's architecture rests on the Satoshi Plus consensus mechanism, which combines the best features of Bitcoin's hash rate leverage with DPoS efficiency.

Here in this article, we will delve into the latest developments, enhancements, and innovations that shape the protocol's trajectory within the Core DAO ecosystem.

In a strategic move, Core DAO welcomes BTC.b to its ecosystem, leveraging the Omnichain Fungible Token (OFT) Standard. This integration enables BTC.b to transition to and from Core's bitcoin hash-powered blockchain.

Collaborating with Layer Zero and Avalanche, CoreDAO introduces BTC.b as a multi-chain, non-custodial representation of Bitcoin, uniquely bridged directly from the Bitcoin blockchain.

The standout feature lies in the easy transfer of native Bitcoin, allowing users to promptly engage with decentralized applications (dApps) using BTC.b and convert it back into native Bitcoin without intermediaries.

Core DAO takes a leap forward with the launch of its new website and YouTube channel. Aimed at empowering Web3 developers, the platform offers a dedicated section facilitating a seamless start for builders on Core.

Core DAO introduced the Core Grants Program on Oct. 31, a funding initiative designed to catalyze projects focused on decentralization, expansion, and fortification of the Core ecosystem. Tailored to support developers and builders in bringing their ideas to life on-chain, the program offers two types of fundingBuilder Grants for early-stage projects and Growth Grants for more established endeavors.

Core Grants Program is here!

To empower innovation and community growth in web3, Core will fund projects dedicated to decentralizing, expanding, and strengthing Core's ecosystem. Builder and Growth Grants Milestone-based grants

Read all about ithttps://t.co/3zJZDee22d

As a notable sponsor at the ETH Lisbon hackathon scheduled for Nov. 3 to 5, Core DAO set the stage for innovation by offering substantial bounties for project submissions. The bounty pool included $10,000 for the best project, $2,500 for the runner-up, and an additional $2,500 for projects in the security, prevention, and awareness category.

Winners not only secured their bounties but also had the chance to pitch their ideas to Core's Grant Committee for potential funding of up to $50,000 in CORE tokens. Raccbook, PoolScribe, and Real Fans emerged as the triumphant projects in this bounty bonanza.

Core DAO enhances its reach with two significant integrations. The Pyth Network launches its CORE/USD price feed, extending accessibility to smart contract developers across more than 40 blockchains.

Another major infrastructure addition for the most Bitcoin-aligned chain! Excited to be working with the @PythNetworks world-class team Stay tuned for more news on this integration next week. https://t.co/sc4VaHgpAx

Concurrently, Ankr integrates its RPC service with Core, streamlining development by eliminating the need for many developers to set up their own Core nodes. Ankr's Premium RPC Plan offers advanced tools, global node locations, telemetry, debug mode, WebSockets capabilities, and more.

CORE, Core DAOs native token, is trading at $0.5054 at the time of writing, with a market cap of $88 million.

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SEC and Binance Agree on Protective Order in the Ongoing Legal ... - BSC NEWS

Photo by Kanchanara on Unsplash

When it comes to the world of blockchain and cryptocurrencies, making money is often at the forefront of many investors minds. Two of the most popular platforms for decentralized applications (DApps) and smart contracts are Ethereum and Binance Smart Chain (BSC). Both have their strengths and unique features, but the big question on every crypto enthusiasts mind is: where can you make more money?

In this article, Ill provide you with a comparison of Ethereum and Binance Smart Chain, complete with code snippets and explanations, to help you make an informed decision.

Ethereum, launched in 2015 by Vitalik Buterin, is often referred to as the pioneer of smart contracts and decentralized applications. It introduced the concept of a programmable blockchain, enabling developers to create complex applications on its platform. Ethereum uses its native cryptocurrency, Ether (ETH), as gas for transactions and smart contract execution.

In Ethereum, you can create smart contracts using Solidity, a programming language specifically designed for Ethereums EVM (Ethereum Virtual Machine). The code above represents a simple token contract that allows token transfers between addresses.

Ethereums vast developer community and ecosystem have led to the creation of countless DApps, DeFi projects, and NFT platforms, making it a vibrant space for innovation. However, the network has faced scalability issues and high gas fees.

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Ethereum vs. Binance Smart Chain: Where to Make More Money - Medium

The crypto industry has evolved in a way few were expecting. These days, there are over 430 million crypto users, and they can choose from thousands of cryptocurrencies launched.

But besides simply buying crypto, you can earn tokens through various intriguing events, including crypto airdrops. And after you participate in such events, you also need to store the tokens you win in a safe place. Trust Wallet is a great option, as it is a safe crypto wallet that supports millions of digital assets.

So, in this article, we will discuss what Trust Wallet airdrops are, how they work, and how you can claim one on your Trust Wallet account.

Launched in 2017 by Viktor Radchenko,Trust Walletis a non-custodial wallet available almost worldwide. In 2017, the wallet was acquired by Binance and has been part of the company ever since.

Currently, Trust Wallet supports over 4.5 million digital assets, including the most popular and widely traded cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), Solana (SOL), Polygon (MATIC), Polkadot (DOT), Tezos (XTZ), and TRON (TRX). Along with a little over 60 cryptocurrencies, Trust Wallet supports NFTs (Non-Fungible Tokens) developed on Ethereum and Binance Smart Chain.

Besides having truly valuable security features, including Face ID or Touch ID and auto-lock time, Trust Wallet also provides users with a dApp browser that allows them to interact with plenty of decentralized applications built on the Ethereum blockchain and Binance Smart Chain.

Trust Wallet is available as a mobile app designed for Android and iOS devices. Also, the company launched a Google Chrome browser extension on November 14, 2022. This way, users found the crypto wallet even more accessible than before.

Crypto airdrops are special events organized by newly launched crypto projects to gain popularity among crypto enthusiasts. Usually, airdrops are organized during a set period, and after the airdrop event ends, users can receive free tokens.

During a crypto airdrop, users are required to complete various simple tasks to increase the popularity of the crypto project. Some of the most popular and common tasks include following the company on social media platforms (Twitter, Facebook, Instagram), joining their communities on platforms such as Telegram and Discord, or referring friends. Each task can offer users a certain number of points, and the more they have, the more tokens they will receive at the end of the airdrop.

There are multiple types of crypto airdrops, each with specific requirements and rules. Some popular events include standard airdrops, exclusive airdrops, bounty airdrops, and holder airdrops. The last one is the only one that requires you to hold tokens to be eligible for airdrop rewards.

Since Trust Wallet supports so many digital assets, it is a great option to store airdrop tokens on it. Furthermore, Trust Wallet offers extensive information about various airdrops it supports. Usually, you can find details about airdrops on theTrust Wallet blog.

Free crypto airdrops can be accessed on Trust Wallet if they meet some specific requirements. Basically, you can access a token airdrop from your Trust Wallet account if the platform supports the tokens you will receive.

To claim a crypto airdrop on Trust Wallet, you will have to:

First, you should log into your Trust Wallet app. If you dont have an account, the signup process is pretty quick and simple to complete. Also, if you dont have Trust Wallet installed on your device, all you have to do is download it and simply log in as you would on the browser extension.

Next, you should have received an address where you can claim your airdrop tokens. Try to find it in order to add it to your Trust Wallet account. After you copy the address, you can go back to the Trust Wallet app.

When you go back to Trust Wallet, you will see a small icon in the upper right corner of the screen. Tap on that icon to see the tokens available.

Now, it is time to add the airdrop token address in order to claim it on Trust Wallet. Tap on the + icon from the upper left corner of the screen.

There, you can paste the token address, and the rest of the fields will be automatically filled.

After you confirm the process, you will be able to see the balance of the new token in your account.

Usually, crypto airdrops are pretty safe, but you should always research them thoroughly, as you may also encounter some fake airdrops that promote phishing scams or scam tokens, these being the most prevalent scams. This might affect you and your funds.

In general, crypto airdrops allow you to connect your wallet to receive the tokens after the event ends. It depends, however, on the crypto project that organizes the airdrop.

Yes, Trust Wallet supports airdrops as long as the tokens you claim are supported by the platform.Also, the company posts information about new airdrops on its blog.

Free airdrops have become extremely popular in the crypto space, and many users decide to participate in at least 1 event to receive tokens by completing simple tasks, such as following the company on social media platforms.

If you participate in a crypto airdrop and want to store the tokens on Trust Wallet, you can add a custom token. Furthermore, you can find trustworthy airdrops on the Trust Wallet blog.

However, you should always be cautious, as some risks are implied when dealing with airdrops, such as scams that can lead to losing your funds.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.

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What Are Trust Wallet Airdrops and How to Claim One? - Latest Cryptocurrency Prices & Articles