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There is no denying that the digital asset industry is set to get a major boost this year. Amid that activity, one BRICS nation is set to launch its very own stablecoin, and it will severely threaten the US dollar. With the market cap of the industry surpassing the $242 billion mark, the potential growth for the alliance’s native currency could be huge. Specifically, it was the United Arab Emirates (UAE) that announced the arrival of a dirham-backed stablecoin. What makes it all the more interesting is that it becomes one of the major competitors to US dollar-backed stablecoins that have dominated the market. Its arrival could set off a new trend and certainly challenge the dominance of the greenback. Source: Truth Social Also Read: China & UAE Reach 5-Year LNG Deal As US Trade War Intensifies UAE Stablecoin Set to Strengthen BRICS Cause, Hinder US Dollar Dominance There is no denying that stablecoins have become a digital asset sector with immense potential. It provides a lot of ...

Amid an ongoing price correction across the cryptocurrency market, Ripple’s December drop can’t stop its ongoing 44% surge as traders ponder whether or not XRP can end 2024 above the $2.50 mark. Indeed, the token has surged throughout the year but struggled during the holiday season along with the overarching market. There is an ongoing expectation that XRP will look to perform even better in the coming year. The token has thrived since the election of Donald Trump, and that sentiment could be massive for 2025. The question now is, just how high can it go, and what kind of head start can the conclusion of this year give it? Source: Investopedia Also Read: Ripple Surges 258% in 2024: What to Expect From XRP Next Year Ripple to End 2024 Above $2.50? What to Expect From XRP as 2025 Nears No matter how you slice it, 2024 has proven to be a massive win for the crypto sector. The asset class has been thriving, starting with the approval of crypto-based ETFs in January. In November...

The Hyperliquid price surged 6% in the last 24 hours to trade at $28.36 as of 3.40 a.m. EST on trading volume that went up 1% to 345.61 million. The project just reached a new all-time high about six hours ago, climbing to $28.97, after seeing consistent price growth over the past week. While the project did see some struggles with resistances, such as the ones at $20 and $25, it eventually managed to overcome them, until it hit a new major obstacle at $28. Even so, its price surged by over 102% in the past seven days, as it continued listing new projects as per community requests, showing that it aims to deliver what its users want. It views itself as the blockchain to house all finance, and its long-term goal is to help unite the crypto sector and turn it into something more than the fragmented industry that it is today. It also reached a major milestone yesterday, hitting a new all-time high in open interest of more than $4.3 billion. Hyperliquid reached a new all-time high in ...