OVEX

Stablecoins have the potential to empower individuals and businesses in emerging economies. They offer convenient and secure payment solutions, allow for cost-effective cross-border transactions, safeguard against inflation, and foster the growth of digital payment infrastructure. Find out more about the role stablecoins play in developing economies 👇

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In recent years, it has become increasingly fashionable for the political chattering class to look beyond traditional polls and turn to prediction markets to gauge electoral sentiment. While betting is not an exact science and ‘the crowd’ is not infallible, prediction markets do offer a dynamic way to anticipate election outcomes. Their accuracy is becoming increasingly prevalent as more and more people participate in these markets, thereby creating a larger sample of bettors. Much like how sports betting markets have evolved to reflect population sentiment with near-perfect odds, political prediction markets are inching toward similar levels of precision. Read on to find out about how these markets are becoming increasingly more accurate. You will also uncover how a new kid on the block has now become the largest prediction market in the world: Polymarket 👇🏼

Tether's market capitalization has soared beyond $120 billion, marking a remarkable 20% growth in just seven months. To put this in perspective, this surge accounts for one-fifth of the $100 billion market cap that took the stablecoin issuer a full decade to reach.

#Stablecoins inherit the stability of real-world assets (like the US dollar), whilst adopting the core technologies that make cryptocurrencies like Bitcoin and Ethereum so attractive – namely instant, transparent, immutable and permissionless transactions. Read on to learn more 👇🏼

#Stablecoins have emerged as a fundamental component of not only the crypto-sphere but global finance - offering the stability of traditional currencies whilst leveraging the revolutionary benefits of blockchain technology. What started off as a trading mechanism for crypto-assets has evolved into so much more. Whether used for trading, DeFi applications, cross-border payments, or as a store of value in regions with volatile currencies, stablecoins have redefined the way in which we interact with digital assets. Stablecoins settled $10.8T worth of transactions in 2023 of which $2.3T were related to organic activities including payments and cross-border remittances. And recent data shows that stablecoin liquidity continued to grow to a record $169 billion by the end of September, marking a 31% increase year-to-date. Listen to OVEX CEO, Jonathan Ovadia, discuss these fascinating innovations with Moneyweb's Ciaran Ryan 👇

In recent months, a bold new idea has entered mainstream political discourse: creating a #Bitcoin strategic reserve. But is this notion viable or even a good idea? Read on to find out 👇 https://lnkd.in/dARJBTYg

(Nearly) Everything there is to know about #stablecoins 🤓

#Bitcoin has made a remarkable comeback, surging to levels not seen since early August and breaching the $65,000 mark—a key resistance level that traders have been watching closely. This milestone comes as institutional demand intensifies and macroeconomic conditions improve, fueling hopes that Bitcoin’s next bull market is firmly on the horizon. Are we back? Find out more in this latest OVEX article 👇

We recently listed $TON on the OVEX exchange. Users can now buy and sell Toncoin (TON) with their local currency. So, what is #TON and why is it generating buzz? TON, originally launched as Telegram's blockchain initiative, is a Layer-1 Proof-of-Stake network designed to revolutionize decentralized finance (DeFi) and integrate seamlessly with Telegram's messaging platform. Despite early setbacks, TON has made a remarkable comeback. Today, it stands as one of the fastest and most scalable blockchains, capable of handling millions of transactions per second, all while keeping costs low. The network's native token, Toncoin, plays a crucial role in supporting the development of decentralized applications (dApps), staking, governance, and transaction fees. With Telegram’s recent integration of the TON wallet, users can now send crypto directly through the app that has an active user base of 950M+ users. #Toncoin is quickly gaining traction: - Daily transactions up by 500% since 2018 - USDT trading volumes on the TON network hit $1.2 billion last week - Telegram ad revenue sharing is now paid in Toncoin Get live rates here: https://hubs.ly/Q02RbWs60