AllUnity, a regulated stablecoin provider, is launching a euro-pegged e-currency token. The asset will be settled on the 21X RWA platform, simplifying market entry for European institutional entities.
Betting odds on Trump launching a cryptocurrency token ahead of the November election surged to more than 84 percent on Polymarket, but have since reversed. Notably, in the prediction market of "Will Trump launch a token before the election?", the probability of "yes" was only 40 percent this Thursday and 16 percent a month ago.
CryptoQuant CEO Ki Young Ju said on social media that most cryptocurrency tokens function similarly to securities such as stocks, and the industry should accept this and set rules for these new securities instead of denying their essence. Well-regulated cryptocurrency tokens will not need to be practical; cryptocurrencies will simply become another means of public financing.