There’s a lot of big news going on in the crypto world! Custodia and Vantage are two U.S. banks that have launched America’s first ever bank-issued stablecoin, called Avit. This could become a game changer for digital payments and other cryptocurrencies including the Best Wallet Token ($BEST).
Yet there are other U.S. dollar pegged stablecoins such as USDT and USDC. Some experts wonder: Are there too many stablecoins? Can all of them survive? Unlike Avit, it’s real dollars since Custodia’s CEO, Caitlin Long, says it’s issued by a bank. Ethereum fans are pleased since Avit is an Ethereum blockchain (ERC-20) based application.
The SEC (Securities and Exchange Commission) is meanwhile making crypto adoption easier. In addition, there is a new Crypto Task Force at their disposal, planning on four public talks about crypto trading, custody, tokenization as well as DeFi. The silver lining for this move is that it could make regulations friendlier, especially for new tokens such as Best Wallet Token.
What’s Best Wallet Token ($BEST)? This is a growing cryptocurrency trying to make crypto payments easy to use while adding more convenience in the process. It has raised over $11.5 million in presale and its holders get free perks like reduced fees, high staking rewards, etc. In fact, it may soon offer a BEST card tied up with a debit card for online and offline transactions.
The crypto market is changing fast so always do your own research and never invest in money you cannot afford to lose!
Also read: Fidelity Gears Up for Stablecoin Launch as Regulatory Landscape Clears
