Vitalik Buterin "Low-cost stablecoin transactions are a core value of crypto assets"
Minseung Kang
Summary
- Vitalik Buterin emphasized that low-cost stablecoin transactions are one of the core values of the crypto asset industry.
- He expressed a positive view of attempts to strengthen low-cost transactions in connection with the Ethereum mainnet.
- The stablecoin-specialized layer-2 project Codex (Codex) reportedly aims to reduce payment costs and improve on- and off-ramp efficiency.
Vitalik Buterin, co-founder of Ethereum (ETH), emphasized that low-cost stablecoin transactions are one of the most important values in the crypto asset (cryptocurrency) industry.
On the 5th, Buterin wrote on X (formerly Twitter), "Low-cost stablecoin transactions are one of the core values that crypto assets offer today," adding, "I am glad to see attempts to strengthen this in connection with the Ethereum mainnet."
In this context, he tagged the new layer-2 project Codex (Codex). Codex is a stablecoin-specialized layer-2 blockchain designed on Ethereum, aiming to reduce payment costs and improve on- and off-ramp (the exchange between cash and crypto assets) efficiency.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)