Binance Research@BinanceResearch P.691

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Binance Research@BinanceResearch P.691

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Binance Research

Highlights 🧵:
1/ Tether announced a stablecoin pegged to the UAE Dirham, in collaboration with Phoenix Group. The Dirham-pegged token will adhere to Tether’s reserve standards, ensuring stability and confidence in its value, and will seek licensing under the UAE Central Bank’s Payment Token Services Regulation.

2/ Arbitrum DAO has approved a preliminary proposal to introduce ARB token staking and enhance its utility, with 91% approval from over 25K participants. The initiative will allow ARB holders to stake and delegate their tokens in exchange for a liquid staked ARB token (stARB), enabling auto-compounding of rewards and DeFi compatibility.

3/ Magic Eden has announced the launch of its ecosystem token ME, which is set to enhance user incentives and support cross-chain trading. ME will be claimed exclusively through the Magic Eden Wallet and aims to advance cross-chain protocols and community-led governance, with further details on its utility and tokenomics to be revealed later.

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3.9K viewsAug 23, 2024 at 13:58

tgoop.com/BinanceResearch/691

Create: 2024-08-23
Last Update: 2025-01-22 17:45:25

Highlights 🧵:
1/ Tether announced a stablecoin pegged to the UAE Dirham, in collaboration with Phoenix Group. The Dirham-pegged token will adhere to Tether’s reserve standards, ensuring stability and confidence in its value, and will seek licensing under the UAE Central Bank’s Payment Token Services Regulation.

2/ Arbitrum DAO has approved a preliminary proposal to introduce ARB token staking and enhance its utility, with 91% approval from over 25K participants. The initiative will allow ARB holders to stake and delegate their tokens in exchange for a liquid staked ARB token (stARB), enabling auto-compounding of rewards and DeFi compatibility.

3/ Magic Eden has announced the launch of its ecosystem token ME, which is set to enhance user incentives and support cross-chain trading. ME will be claimed exclusively through the Magic Eden Wallet and aims to advance cross-chain protocols and community-led governance, with further details on its utility and tokenomics to be revealed later.

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Date: 2025-01-22|

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