GameStop unveils its new crypto wallet for sending and receiving in-game items and NFTs; Fantom jumps twelve percent on Fantome stablecoin development and speculation surrounding Andre Cronje returning to DeFi; and SWIFT experiments with CBDC interoperability.
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1:04 Is Andre Cronje Returning to De-Fi?
3:03 Market Watch w/ Frankie Candles
4:05 SWIFT and CBDCs
Andre Cronje released the Fantom fUSD optimization proposal. AC address has recently added nearly 100 million FTM, which is considered to be returning to Fantom. FUSD suffered a severe de-pegging, and Fantom TVL also dropped sharply by about 69%. https://t.co/dpBe7y9AQ4
— Wu Blockchain (@WuBlockchain) May 22, 2022
fUSD is not UST
• fUSD is an over-collateralized stablecoin (similar to DAI) backed by staked FTM. UST had nothing backing it.
• Users create fUSD by borrowing against their staked FTM.
— Fantom Foundation (@FantomFDN) May 18, 2022
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