🐎 Stables on Solana
Solana's price continues to shoot higher, but this week we're talking stablecoins on the network
Hey there 👋,
In this week’s issue:
Stablecoins on Solana feature
More liquidity for Handshake domains
Solana NFTs surge on the back of Solana’s pump (up 44% over the last 7 days), led by Mad Lads, Tensorians, and BoDoggos (my PFP).
Memecoin ($MEME)’s market cap is back to all time highs ($2.5B), up over 100% the last 7 days (Link).
The ETH Maxi's Guide To Solana (Link).
Phantom Wallet has had over 100k new wallet installs in the last 2 weeks (Link).
Crypto media company The Block sells 80% stake to Foresight Ventures for $60M (Link).
Stables on Solana
New @solana Product Launch from Circle -- coming soon, EURC, our Euro Stable, and Cross-Chain Transfer Protocol (CCTP) for Solana. CCTP on @solana will be a big deal -- seamless movement of USDC to/from Solana from Ethereum and EVM L2s + Cosmos + AVAX.
— Jeremy Allaire (@jerallaire)
Nov 5, 2023
CCTP is a way to enable USDC to flow natively across blockchains, rather than locking up crypto using bridges, as explained in this session by Circle at the Solana Breakpoint conference I attended:
With CCTP, crypto assets get burnt on the source chain and minted on the destination chain using two smart contracts.
USDC on Solana benefits from high throughput and rapid settlement speed, putting it on par with traditional card payment methods, without the fees.
Liquidity for Handshake
Namebase, the platform for buying and using Handshake domains, just made its Pro Exchange available to all to trade HNS:
🚀 Exciting Namebase Updates!
🎉 The Pro Exchange (BTC/HNS) is now accessible to all KYC-verified users, including in the USA! 🇺🇸 Experience enhanced liquidity, real-time order book trading, and extra low fees (0% maker, 2% taker). Check it out: [namebase.io/pro]
— Namebase/ (@NamebaseHQ)
Nov 15, 2023
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Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only. Thanks to atato for sponsoring this issue.