Welcome to our 198th issue of State of the Market, where we provide an overview of crypto market activity from November 14 – November 20, 2024.
This week in crypto markets:
- Tether launched Hadron, a comprehensive platform to simplify asset tokenization, emphasizing compliance, security, and user experience.
- Paxos acquired Membrane Finance in Finland to comply with the EU’s new MiCA regulations and operate as a licensed Electronic Money Institution.
- Sky deployed its USDS stablecoin on Solana, the first time the token is available on a different blockchain, aiming to enhance flexibility and accessibility.
- NexBridge and Bitfinex introduced tokenized U.S. Treasuries in El Salvador, bridging digital assets and traditional finance.
- Dogecoin surged 11% to $0.40, nearly tripling in value over the last 30 days, amid broader crypto market growth and Elon Musk’s support.
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