In a recent report on CNBC, Dante Disparte, Head of Global Policy at Circle, announced that the UK plans to issue a stablecoin in the coming months. As a result, the crypto market will no doubt welcome increased interest from new investors in stablecoin networks.
On the other hand, positive sentiment towards stablecoins, including Circle’s USDC, is likely to increase as this latest update takes full effect. In another event, a new MemeFi platform called Cutushi (CUTO) is gaining a lot of attention in the pre-sale market. This meme coin is ready to capitalize on the aftermath of new developments.
Cutushi hints to be the next Meme Coin star with great DeFi capabilities
Cutushi (CUTO) is a new meme coin in the presale market, and its success has garnered attention from retail and whale investors. Its unique ecosystem features a decentralized exchange (DEX) that allows users to exchange cryptocurrencies across blockchain networks. In addition to this, Cutushi offers its users a token farming model that allows them to earn token rewards when they participate in community-based activities.
This new meme coin is also recognized for its strong fundamental principles, following Satoshi Nakamoto’s blockchain ideals, the popular Chinese beckoning cat known for good luck, success, and prosperity. Meanwhile, Satoshi’s ideals included privacy, decentralization, and financial empowerment. Drawing on these core values, Cutushi also provides its network users with a DeFi learning hub for educational purposes.
Currently, Cutushi’s native token, $CUTO, is being sold for $0.022 in the second presale phase after the first presale phase sold out at a price of $0.015. More investors are rushing to invest in the MemeFi platform as it prepares for a significant increase in engagement and adoption, with pre-sale proceeds now exceeding $550,000.
Circle announces launch of UK stablecoin, positive mood for stablecoins like USDC
Stablecoins are growing in popularity after UDSC issuer Circle announced that the UK will be issuing new stablecoins within the next few months rather than the misunderstood “several years” interval. . This news also brings further positivity to Circle’s USDC as it strives to increase its visibility as USDT.
Dante Disparte, Head of Global Policy at Circle, announced that the UK is still a few steps behind, especially when compared to the European Union, which is ramping up the issuance of MiCA-compliant stablecoins. Positive sentiment is building for the USDC token to gain recognition as investors look forward to this new British dollar-pegged stablecoin.
Source; Coin Market Cap
As seen in the chart above, the USDC token has performed well relative to the US dollar. As the crypto market grows, Circle’s involvement and proactiveness in enforcing new digital assets, especially stablecoins, is sure to increase adoption of the USDC token.
Can Kutoshi lead the meme coin market by 2030?
Leading the memecoin market by market capitalization is a difficult feat, but Kutoshi may be able to do it. Thanks to a unique ecosystem that combines the appeal and community support of meme coins with a DeFi marketplace.
Cutushi’s native token, $CUTO, has a deflationary mechanism that increases its scarcity over time, resulting in a spike in value and demand. This could significantly contribute to Cutushi’s potential to lead the meme coin market by 2030.
For more information on the CUTO presale, please see below.
https://cutshi.com
Join our community and become a member:
https://t.me/cutshi
