Tron and founder Justin Sun have been busy recently, with lots of new developments, including the introduction of stUSDT – a way to ‘bridge the gap between TradFi and DeFi’. Tradecurve also looks to bridge that gap, but in a different way. Let’s explore the two offerings and their coin prices.
Tron introduces stUSDT.io
Tron seems to be on the up in every way, with a network upgrade scheduled for the 11th of July, an increasing amount of Tron wallets and daily active wallets, and the introduction of stUSDT.io. Essentially stUSDT.io is a platform that allows people to stake their Tether and receive interest based on real world assets (RWA). or as the website puts it “Shape, expand, and enjoy the future of real-world assets tokenization on TRON”
The secret sauce to all of this is tokenized real world assets that are backed by the Tron network. Although the details aren’t fully explained yet, people in charge of the RWA will identify lucrative assets to invest in and then these can be easily traded with TRON.
According to a tweet from Tron Dao on the 4th July, stUSDT has already received over $22 million in TVL. And the apy is at 3.64%
This apy doesn’t seem particularly high for DeFi, or for that matter TradFi, since the recent rising of interest rates mean that ordinary bank accounts in the US and UK are offering higher returns than this.
However it is a good investment for those looking to move away from TradFi and banks that keep collapsing, and it’s likely that the APY will increase as the RWA team finds more and better assets to tokenize.
It’s difficult to know how this will affect TRX prices, although the network has certainly been more busy since the introduction of stUSDT and TRX is up by over 14% on the two weekly charts.
Tradecurve introduces the ability to trade (almost) anything, anywhere
There’s a new kid on the block and the name is Tradecurve, who are presenting their decentralized trading platform and terminal. Whilst you can’t actually trade anything, you can trade a wide variety of assets such as stocks, bonds, forex, commodities and even indices and options.
Unlike Tron who are using tokenization, Tradecurve are using synthetic assets.
Synthetics are digital tokens that derive their value from underlying assets like stocks and bonds. They offer exposure to these assets without the need for direct ownership. Synthetics enable users to access a wider range of investments, implement trading strategies, and are created and traded on platforms like Tradecurve.
Tradecurve uses collateralization to ensure stability, allowing their users to lock up their crypto as collateral and then trade. Synthetics provide decentralized flexibility and innovation in the crypto space, and just like stUSDT, provide a bridge between TradFi and DeFi.
Tradecurve is currently in presale and their native token TCRV is changing hands at $0.018. That’s an 80% increase from the starting price of $0.01, and there’s a further 388% increase to go before the token launches from presale.
At this point crypto experts are predicting that the coin could do a 100x, following in the footsteps of centralized exchanges such as Binance and its BNB coin.
For more information about $TCRV presale tokens:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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