Tether Create Stablecoin for Peso, Elon’s Doge Tweet, Google Open Recruitment for Web3 Team and more
ENEDEX DeBrief — Week 4 May 2022
Welcome to the fourth iteration of ENEDEX Debrief, where we recap 5 major news in the crypto and blockchain industry in bite size by the end of each week. Let’s get to it!
- Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon
Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum (ETH), Tron (TRX) and Polygon (MATIC) networks. The ticker for this new stablecoin will be MXNT. This will be a major addition to Tether backed stablecoin after USDT, EURT, and CNHT
Do you think Tether is wise to expand during the recent crash of UST? Let us know your oppinion in our community channel
2. Google seeks fresh talent to lead global Web3 team
Following the establishment of a Web3 team under Google Cloud on May 6, tech giant Alphabet’s Google is now on the lookout for a full-time candidate to lead its Global Web3 marketing strategies.
As seen on the job listing, the Google Cloud division opened up a “Head of Product Marketing” role who will be tasked with raising awareness about Google Cloud’s Web3 initiatives in addition to eventually building customer demand for the related offerings.
And the naysayer say Web3 is just a buzzword. Tell that to the tech giant that literally knows everything.
3. Elon said that Doge will be usable to purchase merchandise for SpaceX
The billionaire tweeted Friday morning ET that merchandise for SpaceX, his space exploration startup, will soon be able to be bought with dogecoin, just as it can be for Tesla merchandise.
The price of dogecoin jumped from the announcement but subside afterward as the bearish momentum from the general market continues.
4. Exchanges back ‘Terra 2.0 revival plan’
In an announcement on Thursday, Terra provided details on an upcoming airdrop of the new native token for its new blockchain dubbed Terra 2.0. The distribution of tokens will proceed on Friday, and holders of Terra Luna Classic (LUNC), TerraUSD Classic (USTC) and Anchor Protocol UST (aUST) who are eligible will receive new tokens
Crypto exchanges Binance and FTX noted that they are working closely with the Terra team regarding the upcoming airdrop. Binance stated that it aims to help affected users on the platform by helping Terra with the recovery plan. Other exchanges like Kucoin, Bybit and others follow suit as well.
If you are affected by the recent LUNA turmoil. Check your favorite exchange for their stance.
5. World Bank won’t support Central African Republic’s Sango crypto hub
The World Bank has signaled its concerns over the Central African Republic (CAR) adopting Bitcoin (BTC) as a legal currency and says it won’t support the newly announced “Sango” crypto hub.At the end of April, CAR president Faustin-Archange Touadéra established a regulatory framework for cryptocurrency in the country and adopted Bitcoin as a legal tender. On May 24, he announced a plan to launch the country’s first crypto hub called “Sango.”
And as a result worldbank made statement about it as follows “We have concerns regarding transparency as well as the potential implications for financial inclusion, the financial sector and public finance at large, in addition to environmental shortcomings.”
Well what do you expect from the biggest oldguards?
Those are 5 notable news on the cryptoverse this week! Anything that we missed?
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