Blockchain
By James Thorp
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Jeremey Allaire, Co-founder and CEO of Circle in response to a statement that expressed that around 17% of FTX deposits and withdrawals this month were using Solana stated, “Mint…
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Solana provides the global infrastructure needed for global adoption and it can process 50k transactions.
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It is important to care to the news about FTX deposits because FTX pays more in transaction fees than any other single entity in the world.
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For clarity about what are FTX deposits? FTX is a cryptocurrency exchange which is built by traders for the traders.
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For clarity about what is a Circle account? The Circle Account is a full stack salutation which replaces the fractured banking system.
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Native USDC moves at the speed of internet and it can be exchanged at the same speed like that of sending a content and also it is cheaper.
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Every USDC is backed by 1USD in cash and by short-term US government treasury bonds. This is better backing than fractional reserve commercial bank money like Tether.
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The Multichain USDC integrated with next generation blockchain rails like Solana makes use of the advantage of speed, scalability and cost efficiency facilitated by the 3rd…
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