Hello and welcome to the mid half for the year 2025, truly this year has been somewhat of a roller coaster especially within the financial markets, from stocks to crypto none was spare and the narrative of bullish days have never been this clearer. Over the past couple of weeks to months, we have seen various announcements and publications relating to the need for stable assets issuance and how it can be the next movement to usher in newer audience as it relates to crypto and also a simple medium for payment and settlement.
Stable assets provide somewhat of a safehaven to digital asset holders with it base been paid to usd, euro, and the list goes on. It allows instant 1:1 conversion at all time irrespective of market condition which makes it an ideal medium for purchase of online and offline services. Over the past couple of months, the buzz word has been stable asset and happy to see PlatON doesn't fall short within this field.
A month back, we saw the official tweet from PlatON Network announcing the integration of StraitsX XSGD and XUSD alongside a medium article explaining what to expect
XSGD is a Singapore Dollar-pegged stablecoin issued by StraitsX in 2020, fully backed 1:1 by reserves held with DBS Bank and Standard Chartered. XUSD, its U.S. Dollar counterpart, is similarly backed 1:1 by U.S. dollar reserves held with regulated financial institutions. With both stablecoins now live on the PlatON Network, users and enterprises can now access stable, programmable value transfer across PlatON’s high-performance infrastructure — unlocking a broad range of payment scenarios.
To read the entire article then check here https://platon-network.medium.com/platon-integrates-singapore-dollar-and-u-s-835b32061f28
The announcement came in last month and with it came various events to celebrate and enlighten the PlatON community and general public.
Just when we thought maybe this was it or probably the team might finally take a short break, and boom came the shocker announcement saying PlatON joins the circle alliance program.
Excited to share that we have joined the Circle Alliance Program, a global network of like-minded companies and teams focused on the future of finance.
As members, we are looking forward to building new connections and continuing to learn and innovate with USDC and web3 technology.
USDC is probably one name you might have heard once or twice or probably made swap or deposit around it, USDC is built by Circle and circle alliance program is one of the features within Circle, they bring like minded individuals intrigue with the finance sector and actively pushing for ways to simplify the various complexity involve within the financial world. They offer wider audience, tools and personals that can help shape or improve existing business to greater height. PlatON onboarding into circle alliance program is a move that will likely shape and improve services rendered to wider audience and also a step closer into the mass adoption in web3 we all work towards.
What are your expectations to this new update? Do leave a comment or two behind.
