Summary
- It is reported that the price of BuildOn (B) surged by about 89%, attracting investors' attention.
- It introduced that a universal trading environment for the stablecoin USD1 is being built through dApps and infrastructure.
- It stated that expectations for the passage of the US stablecoin regulation bill are rising as it passed the Senate procedural vote.
The Binance Chain (BNB) based project BuildOn (B) surged approximately 81% over 24 hours as of the 24th.
According to CoinMarketCap on the 24th, the price of B is trading at $0.3247, up 89.72% from the previous day. BuildOn aims to expand the usage and liquidity of the stablecoin 'USD1' from the decentralized finance (DeFi) project World Liberty Financial (WLFI), which is associated with the family of US President Donald Trump. The project introduces that it is building a universal trading environment for USD1 through various dApps and infrastructure.
Additionally, on the 22nd, Binance began supporting USD1/USDT spot trading.
Meanwhile, the US stablecoin regulation bill, the Genius (GENIUS) Act, recently passed a procedural vote in the Senate with a 66 to 32 vote, increasing the likelihood of passing the plenary session. Despite concerns about potential conflicts of interest with digital asset projects linked to the Trump family, the bill is proceeding with bipartisan support from some members of both parties.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
