Stablecoins play a crucial role in the ever-changing world of crypto as a bridge between traditional and decentralized finance. Tether (USDT) and USDC Coin (USDC) are two of the most prominent stablecoins in the game, each with their own benefits. Meanwhile, a newly-launched decentralized content streaming platform has received major inflows of stablecoins as its presale takes off. DeeStream (DST), a firm candidate to be one of the year’s best-performing presale tokens, is going live with its presale amid massive fanfare.
Tether (USDT) Treasury Transfers 230M to Bitfinex
The Tether (USDT) Treasury transferred a total of 230 million USDT tokens to crypto exchange Bitfinex. Such massive transfers draw attention not just for the volume, but the broader implications for the market. Such movements could indicate large-scale buy-side transactions, and cause a bullish effect on market dynamics. Will this infusion of Tether (USDT) cause a pump in the coming days? Stay tuned.
USD Coin (USDC): The “Safe” Stablecoin
While Tether (USDT) markets itself as the oldest and largest stablecoin, USD Coin (USDC) positions itself as the fully-regulated stablecoin backed by 1:1 reserves. USD Coin (USDC) is the second-largest stablecoin behind Tether (USDT), with an approximate $25 billion market cap as of January 2024. The sole issuer of USD Coin (USDC) is Circle. USD Coin (USDC) was notably launched in 2018 after the Tether (USDT) was reprimanded by the CFTC for not keeping a 1:1 peg to the US Dollar, contrary to what the Tether (USDT) issuer stated. Circle, meanwhile, discloses its verified reports of USD Coin (USDC) reserves on a weekly basis.
And It’s Live! DeeStream (DST) Presale Drawing Stablecoin Inflows
DeeStream (DST) is kicking off its presale with a massive inflow of stablecoin inflows. Market analysts believe the action is coming from altcoin traders reinvesting their Q4 2023 profits into promising presales with a limitless ceiling for price appreciation—and DeeStream (DST) fits right into that category.
DeeStream’s vision is to create the first Web3 content streaming platform connecting content creators and their global audiences—without the inherent centralization on platforms like Twitch, Tik Tok and Youtube. By launching a decentralized video streaming platform with all the familiar features and combining it with the disruptive force that is blockchain technology, DeeStream (DST) is poised to leverage its first-mover advantage to massive growth in 2024 and 2025. With the global live video streaming industry set to grow to a $250 billion industry by 2027, DeeStream (DST) is at the precipice of a major breakout. That bodes well for presale investors queueing up to buy the platform’s native DST token.
The presale is the perfect opportunity to buy in early on a presale gem that looks good value to do at least a 2,000% increase in 2024. At a bargain basement price of $0.035 per DST token, DeeStream (DST) is a low-risk, high-reward investment that looks like one of the best presale investment opportunities of the year.
Find out more about the DeeStream (DST) presale by visiting the website here
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
