🚀 Fiber Network Protocol Completes Comprehensive Testing Phase
#FiberNetwork #LightningNetwork #CKB #Blockchain #Cryptocurrency #Payments #Decentralization #PeerToPeer #MultiCurrency #TestVersion #Mainnet #RGBCoin #CrossChain #Interoperability
According to Foresight News, the public Lightning Network protocol, Fiber Network, developed by BTC ecosystem native solution CKB, has launched a comprehensive test version. This version has achieved multi-hop routing and monitoring services, allowing developers to conduct self-testing. The mainnet for Fiber Network is scheduled to go live in November.
Fiber Network is a next-generation public Lightning Network based on CKB and off-chain channels. It offers fast, low-cost, decentralized multi-currency payments and peer-to-peer transactions. The Fiber Network official website is now live. Earlier, in early September, Fiber Network launched its basic version, which supports channel creation, updates, and closures between two nodes. It also supports the establishment of any RGB++ Coin channel and cross-chain interoperability with the Bitcoin Lightning Network.#FiberNetwork #LightningNetwork #CKB #Blockchain #Cryptocurrency #Payments #Decentralization #PeerToPeer #MultiCurrency #TestVersion #Mainnet #RGBCoin #CrossChain #Interoperability
🚀 Singapore's MAS Launches BLOOM Initiative to Enhance Settlement Capabilities
#MAS #BLOOM #Borderless #Liquidity #Open #Online #Multicurrency #Settlement #DigitalSettlement #TokenizedAssets #TokenizedBankLiabilities #Stablecoins #CentralBankReserves #ProjectOrchid #DigitalSingaporeDollar #ProxyPayments #ProgrammableControlMeasures
According to Foresight News, the Monetary Authority of Singapore (MAS) has initiated the BLOOM initiative, which stands for Borderless, Liquidity, Open, Online, and Multi-currency, to enhance the settlement capabilities offered by financial institutions. Through BLOOM, MAS aims to collaborate with the financial sector to facilitate the settlement of tokenized bank liabilities and well-regulated stablecoins, while effectively managing risks in the rapidly evolving digital settlement asset landscape through standardized approaches.
BLOOM builds upon Project Orchid, which explored the use cases and necessary infrastructure for a digital Singapore dollar. The initiative addresses the growing interest from private sector participants in using tokenized bank liabilities and well-regulated stablecoins as settlement assets, including tokenized central bank reserves. Members of BLOOM will work together to tackle shared challenges and opportunities within the industry. Initial focus areas include the allocation and clearing of settlement assets, programmable control measures, and proxy payments.#MAS #BLOOM #Borderless #Liquidity #Open #Online #Multicurrency #Settlement #DigitalSettlement #TokenizedAssets #TokenizedBankLiabilities #Stablecoins #CentralBankReserves #ProjectOrchid #DigitalSingaporeDollar #ProxyPayments #ProgrammableControlMeasures
🚀 Non-Dollar Stablecoin Supply Reaches $1.2 Billion, Study Shows
#Stablecoin #Crypto #Blockchain #NonDollar #DigitalCurrency #MiCA #OnChain #CryptoGrowth #MultiCurrency
The total supply of non-dollar stablecoins has reached $1.2 billion, according to research data from Dune and Visa. According to ChainCatcher, the monthly on-chain transfer volume is approximately $10 billion, with the number of holding addresses increasing from around 40,000 at the beginning of 2023 to 1.2 million currently.
Euro stablecoins have shown the most significant growth under the MiCA regulatory framework, with monthly transaction volumes rising from $383 million to $3.83 billion year-on-year. Additionally, stablecoins denominated in currencies such as the Japanese yen, Singapore dollar, and Brazilian real are also expanding, indicating a shift from a dollar-dominated stablecoin ecosystem to a multi-currency on-chain settlement system.#Stablecoin #Crypto #Blockchain #NonDollar #DigitalCurrency #MiCA #OnChain #CryptoGrowth #MultiCurrency