Analyses
Daily News Summary 7/7
July 7, 2024
Justin Sun's New Stablecoin Vision
Justin Sun, the founder of Tron, announced plans to develop a stablecoin that users can utilize without paying any fees. According to the concept, the gas fees will be entirely covered by the stablecoins themselves. The new product is slated to launch on the Tron blockchain in the fourth quarter, with plans to later expand to other EVM-compatible chains and Ethereum.
El Salvador's First Digital Bond Project Fails
The Bitfinex Securities digital asset platform will refund investors in the Hampton by Hilton hotel project at El Salvador’s international airport, as it failed to raise the required minimum funding of $500,000 to continue. This project was supposed to be the first to be funded through publicly offered digital bonds. Bitfinex expects that the issuer will restructure the offer in the future.
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