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XRPTurbo recently has emerged as a standout star within the XRP ecosystem. With its recent rapid growth and impressive roadmap execution, XRPTurbo continues attracting new investors and building unmatched excitement across the XRPLedger community. A Phenomenal Post Presale Success Story Since concluding its oversubscribed presale two months ago, XRPTurbo’s growth has been nothing short of
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While investors scan the horizon for an official announcement from World Liberty Financial (WLFI) over its USD1 stablecoin, on-chain data indicates significant activity. The USD1 stablecoin has recorded a daily trading volume of nearly $44 million following a soft listing on BSC and Ethereum.
According to data from Coingecko, USD1 stablecoin has recorded frenetic activity levels over the last 24 hours. Data from the crypto data aggregator, USD1 stablecoin has garnered a daily trading volume of $44.8 million over the last day.
The surge in daily transaction activity comes in the absence of an official exchange listing announcement of USD1 stablecoin. However, USD1 tokens are raking up impressive numbers following the soft launch on decentralized exchanges like PancakeSwap V3 on BSC. On-chain data reveals that the most active trading pair on PancakeSwap V3 is the USD1/WBNB with volumes of nearly $22 million.
Despite the 43,714% spike in daily transaction activity, total supply sits at just over the $7 million mark. WLFI cofounder ZachWitkoff reposted a tweet alluding to the soft launch of the USD1 stablecoin on Ethereum and BNB Chain.
“The stablecoin USD1, created by the WLFI ecosystem, has recorded $45 million in volume within its first 24 hours live,” wrote the pseudonymous Notaz.Sol on X. “Now available on BNB Chain and Ethereum, the strong debut signals growing interest and demand for USD1.”
USD1’s daily trading volume spike follows an airdrop proposal for WLFI holders early in the week in an attempt to drive adoption metrics.
Weeks after WLFI percolated the ecosystem with the announcement of USD1, the stablecoin is yet to make its debut on centralized exchanges. The delay in listing continues to stump investors but recent on-chain transaction volume indicates a major listing announcement is imminent.
A previous listing date prediction for USD1 fell through but enthusiasm is still running high for community members. Since the April 1 prediction did not pan out, eyes are fixed for a listing announcement before the end of April.
However, pseudonymous crypto analyst xHuai.eth opines that the listing will likely coincide with the passing of a new stablecoin bill in the US. Flowing from the official announcement for the USD1 stablecoin, the technical aspect for the listing is covered with Ethereum and BNB Chain tapped for launch, hinting at a potential listing.
USD1 is racing against other industry firstmovers like USDC and USDT and an early listing will give it an edge to snag a slice of the market share.
The post WLFI’s USD1 Stablecoin Garners $44 Million In Trading Volume Ahead Of Official Launch appeared first on CoinGape.
Tokenization firm Libre announced plans to launch a $500 million Telegram Bond Fund (TBF) on the TON blockchain.
The move signifies a bold move to bridge traditional finance (TradFi) and decentralized ecosystems.
TBF marks a significant milestone in the growing trend of real-world asset (RWA) tokenization, backed by over $2.35 billion in outstanding Telegram bonds.
It tokenizes existing Telegram debt, giving accredited investors access to institutional-grade fixed-income products with full on-chain utility.
With Libre’s initiative, the tokenized bond fund can serve as collateral for borrowing and on-chain product development within TON ecosystem. TON, or The Open Network, is increasingly integrated with Telegram’s 950 million-plus user base.
“What we’ve created is like a fixed income fund that acquires the bonds and then we tokenize the fund,” Libre CEO Avtar Sehra said in an interview.
Reportedly, when users purchase units in Libre’s Telegram Bond Fund on the TON chain, they can access the returns of the underlying bonds themselves.
Based on this dynamic, they can use the bonds for collateral and ease transfers. Ultimately, the bonds also help create utility with these financial instruments.
This development comes amid growing interest in Telegram’s yield bonds, whose structure bears a relatively high yield of up to 9.4%.
Meanwhile, this is not the first time Libre has ventured into this space. The tokenization firm recently tokenized over $200 million in assets across major institutional funds.
Among them are BlackRock, Brevan Howard, Hamilton Lane, and Nomura’s digital assets unit, Laser Digital.
The launch of TBF comes amid a broader wave of RWA tokenization initiatives. Notably, asset management giant Franklin Templeton recently expanded its presence in the space by launching a tokenized money market fund on the Solana blockchain.
Much like Libre, Franklin Templeton is leveraging blockchain rails to modernize access to traditional yield-bearing assets. At the same time, the asset manager is enabling on-chain programmability and composability.
However, Libre’s decision to build on TON reflects a strategic bet on Telegram’s unique distribution advantages.
While Telegram originally developed it, TON blockchain is now a standalone project. However, it still retains deep integration with the messaging platform.
Over the past year, the network has introduced a series of crypto-native features aimed at mass adoption. One of the latest is a TON Space wallet update allowing users to pay gas fees with Telegram Stars. This move lowered the friction for interacting with blockchain-based assets.
This seamless connection between messaging and finance is central to Libre’s long-term vision. Sehra noted that many clients seek exposure to financial products embedded within ecosystems they already use.
With Telegram as a gateway and TON as the infrastructure, TBF could become a cornerstone of real-world financial integration in Web3.
Despite this report, however, TON TVL (Total Value Locked) continues to decline, down almost 2% in the last 24 hours to $136.2 million. In the same way, Toncoin (TON) price is down by almost 2% in the last 24 hours, and was trading for $3.23 as of this writing.
The post Libre to Bring Fixed Income Products Onchain With $500 Million Telegram Bond Fund on TON appeared first on BeInCrypto.
The post Solana Struggles to Reach $150 Despite Growing Fundamentals! Here’s Why. appeared first on Coinpedia Fintech News
The Solana price is juggling around a narrow range after triggering a rebound from the dynamic support close to $142. The price is jammed around the narrow range, but the volume has been rising, which has recently surged above $3 billion. This could lead towards a potential upswing, but considering the SOL price rally, the bears seem to remain dominant. On the other hand, the fundamentals are strengthening, due to which Solana marked an eventful week.
The developers fixed a crucial bug and patched a zero-day vulnerability that could have allowed hackers to mint unlimited tokens. This swift response prevented potential damage to the network. Coming to the on-chain figures, the SOL TVL took a dip by close to 2.8% and maintains second position after Ethereum. The DEX volume also drops by 10% below $20 billion, while the daily active addresses remain steady at 3.8 million.
The main development in the ecosystem includes DeFi Development Corp. acquiring a Solana validator for $3.5 million to self-stake SOL & earn rewards. While the impact on the SOL price remains negligible. Does this suggest the investors do not see the token with the potential of going long, or have they lost confidence in the token’s growth trajectory? Here’s what you need to know!
The long-term price actions display no major deviation, but the short-term price action has been flashing bearish signals. After failing to sustain above $150, the SOL price seems to have been following a trend. As StochRSI rises to the overbought zone, the price marks the local highs, followed by a rejection. This has occurred a couple of times, and the current trade setup suggests yet another similar pattern is in the making. On the other hand, the Gaussian channel remains bearish in the short term.
Considering the chart pattern, it appears to be feasible that the Solana (SOL) price could incur more losses in the next few hours. It may drop below the dynamic support at $141.19 and test the levels close to $140 or range slightly below around $138. However, a rebound could follow, but until Solana remains stuck within this pattern, no major price action can be expected. On the other hand, the bearish scenario could be squashed if the SOL price transforms the resistance at $155 into a strong support.
The post Solana Struggles to Reach $150 Despite Growing Fundamentals! Here’s Why. appeared first on Coinpedia Fintech News
The Solana price is juggling around a narrow range after triggering a rebound from the dynamic support close to $142. The price is jammed around the narrow range, but the volume has been rising, which has recently surged above $3 billion. This could lead towards a potential upswing, but considering the SOL price rally, the …