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Produced by Daniel Aharonoff & Mogul Media AI

Ripple's Upcoming Stablecoin Set to Transform Market

Ripple's Upcoming Stablecoin: A New Player in the Cryptocurrency Market As the cryptocurrency landscape continues to evolve, Ripple is set to make waves with its forthcoming stablecoin, which promises to be fully backed by U.S. dollars, short-term U.S. government treasuries, and other cash equivalents. This bold move indicates Ripple's belief in the potential for the stablecoin market to transform into a multi-trillion-dollar sector. With monthly attestations and third-party audits, Ripple aims to foster trust and transparency, essential components in the world of digital currencies. The Vision Behind the Stablecoin Ripple's Chief Technology Officer, David Schwartz, shared insights with Decrypt about the rationale behind this venture: Market Potential : The current stablecoin market, valued at approximately $150 billion, is expected to grow exponentially. Schwartz emphasized Ripple's unique positioning to capture this opportunity. Institutional and DeFi Presen...
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Produced by Daniel Aharonoff & Mogul Media AI

Bahamut Foundation Launches $10 Million Bahamut Grants Program for Web3 Development

The Bahamut Foundation has recently unveiled its Bahamut Grants program, setting aside a $10 million $FTN coin fund to drive the development of Web3. This strategic initiative aims to support the expansion of the Bahamut blockchain, an EVM-based layer 1 public blockchain known for its unique Proof of Stake and Activity (POSA) consensus mechanism. Here are the key details of this exciting development:

Bahamut Grants Program Details:

  • Financial Support: The Bahamut Grants program offers milestone-based financial assistance to a diverse range of projects.
  • Funding Initiatives: The Foundation has announced a dedicated priority list of funding initiatives on the official grants portal, focusing on the current needs of the Blockchain infrastructure.
  • Targeted Products: The program is currently emphasizing support for projects related to Decentralised Exchanges, RNG Oracles, and Price Feed Oracles.
  • Audience: The Bahamut Arena welcomes blockchain application developers, Web3 innovators, Solidity programmers, emerging blockchain businesses, researchers, and entrepreneurs.
  • Special Scope: The Grant Management Team is providing dedicated funding for the development of Futures and Margin trading modules for Centralised Exchanges (CEXes).

Application Process:

  • Open Applications: Interested parties can now submit their applications for Bahamut Grants.
  • Official Website: Detailed information about the application process is available on the official Bahamut Foundation website.
  • Global Support: The Foundation is looking forward to a strong response from the global blockchain community, supporting both established projects and potential game-changing innovations.

About Bahamut Foundation:

The Bahamut Foundation stands at the forefront of blockchain innovation, offering crucial support and resources to projects that show promise in advancing the field. Through initiatives like the Bahamut Grants program, the Foundation continues to nurture growth and innovation within the blockchain ecosystem.

This press release, sponsored by our commercial partners, showcases the commitment of the Bahamut Foundation to drive forward the development of Web3 and foster groundbreaking advancements in blockchain technology.

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