Tether (USDT) and Dai (DAI) are two competing stablecoins aiming to maintain their value to $1 as close as possible. Tether recently turned to Britannia Bank & Trust amidst the US crypto banking struggles, one of the largest Bahamas-based banks.
The Dai stablecoin supply surged by almost $1 billion during the month as well. However, those looking to get massive ROI are turning to Everlodge as it’s projected to climb by 35x. Today, we uncover all of the potential for these cryptos.
Summary
- Tether is seeing new competition from PayPal but has remained stable
- Dai’s supply gained $1 billion
- Everlodge to surge by 35x at launch
Join the Everlodge presale and win a luxury holiday to the Maldives
Tether (USDT) Partners with Britannia Bank & Trust
The stablecoin issuer known as Tether (USDT) has established a banking relationship with a privately held bank in the Bahamas. The bank is known as Britannia Bank & Trust, and the goal is to facilitate dollar transfers based on unnamed sources that were originally cited by Bloomberg.
Although it remains unclear when this relationship started, Tether instructed clients to send funds to the bank account throughout the previous months.
As for the Tether price, the crypto has remained stable. The Tether crypto was trading between $0.99 and $1 throughout most of the year and is likely to retain this value in the long term. With a market cap of $82,812,524,332, it’s the third largest crypto and the most used stablecoin.
Dai (DAI) Gains $1 Billion in Supply
The available data shows that MakeDAO’s decentralized stablecoin, Dai (DAI), has recently risen by $1 billion in terms of its supply after the introduction of an increased interest rate. However, the Dai crypto’s increased adoption did not positively impact MakerDao’s Maker (MKR) governance token, which dipped in value.
One of the largest technological firms, PayPal, recently introduced the PYUSD stablecoin, increasing competition within this saturated market.
However, the Dai price is stable, and the crypto is well-established and has been stable, trading between $0.99 and $1 during the past year. With a market cap of $3,894,222,567, it’s the 19th largest crypto on the top 100 list, and as a result, it has seen a lot of utility.
Everlodge (ELDG) to Surge by 35x
Everlodge is introducing the world’s first co-ownership marketplace for vacation homes, luxury hotels, and even villas. It provides passive income to those who engage within the ecosystem, as some properties can be rented out. The platform digitizes and then mints vacation properties as NFTs. Then, they get fractionalized into smaller parts.
Furthermore, the ecosystem will also feature a marketplace, launchpad, lending, and a dedicated Rewards Club. Through the launchpad, any developer can raise capital from the Everlodge community and offer solid ROI. Additionally, users can use their NFTs as collateral for loans.
In addition, the global vacation rental market is expected to reach 3,388.85 billion in 2027. As a result, interest is massive in the industry. Through the platform, instead of pouring millions of dollars, individual investors can just buy a share worth $100. During Stage 2, the ELDG token is offered at a price of $0.016. Anyone can stake the token and get passive income, or use it in governance. Moreover, analysts project that it will grow in value by 35x at launch.
Find out more about the Everlodge (ELDG) Presale
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
-Advertisement-
