Miami Mayor Francis Suarez has announced city employees could soon choose to get their salaries paid in Bitcoin rather than USD. This is a big move towards further adoption as more people have the option of being paid in Bitcoin and another municipality will enter the market as a participant. Robinhood last week halted trading for certain stocks due to cash flow issues. The trading platform's CEO today called for real-time settlements to address the problem, which is precisely what decentralized finance does. U.S. Dollar Coin (USDC), the $6 billion stablecoin developed by Circle Internet Financial on the ethereum blockchain and backed by cryptocurrency exchange Coinbase, has launched on the stellar blockchain. USDC, originally developed on the ethereum blockchain, has seen its market capitalization increase more than ten-fold over the last 12 months and now has almost $6 billion USDC in circulation. This is another great move for DeFi as we are seeing more crosschain activity of stablecoins where transactions can flourish through quicker and cheaper execution.
Hope you had a chance to check out this week's exclusive story from CageChain on the Boogie Shack Music Group discussing their experienced camp of music industry professionals and BSMG Artist Christian Grech:
Seasoned Music Industry Veterans Make Up the Boogie Shack Music Group Team
BSMG Independent Artist : Christian Grech
You can find more information on the Boogie Shack Music Group on the following social media channels:
Facebook | Twitter | TikTok | Instagram | YouTube | SoundCloud | Spotify
Don't forget to check out the latest edition of the Crypto Current podcast:
