Thu, June 27, 2024 at 15:29

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I have some exciting news about Manta Network and their stablecoin, wUSDM.

  • Manta Network has announced that wUSDM, which is deployed on Manta Pacific by Mountain Protocol, is now backed by BlackRock's BUIDL fund and activated through Securitize.

  • 
• Annie

  • Wow, that sounds significant!😊 What exactly does it mean for wUSDM to be backed by BlackRock's BUIDL fund?

  
• 

  Kang-hoon

  • Good question, Annie.

  • Being backed by BlackRock's BUIDL fund means that wUSDM now has additional financial security and credibility.

  • BlackRock is a major player in the financial industry, and their involvement through their tokenization platform, Securitize, adds a layer of trust and stability to wUSDM.

• Annie

  • That's impressive!😲 How does this impact the value of MANTA tokens?

  
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• 

  Kang-hoon

  • The news has had a positive impact on the value of MANTA tokens.

  • As of today, the price of MANTA tokens soared to $1.15 on CoinMarketCap, which is nearly a 16% increase from 24 hours earlier.

  • 

  • It even hit an intraday high of $1.17.

• Annie

  • That's quite a jump!📈 What are the implications for wUSDM holders?

  
• 

  Kang-hoon

  • For wUSDM holders, this marks a new chapter in terms of long-term growth and security.

  • The backing by BlackRock's BUIDL fund and the activation through Securitize means that their holdings are now more secure and potentially more valuable.

• Annie

  • It sounds like a win-win for everyone involved.🤔 But why did Manta Network choose to partner with BlackRock and Securitize?

  
• 

  Kang-hoon

  • Manta Network likely chose to partner with BlackRock and Securitize to leverage their expertise and reputation in the financial industry.

  • BlackRock's BUIDL fund provides a robust financial backing, while Securitize offers a reliable tokenization platform.

  • This partnership enhances the credibility and stability of wUSDM.

• Annie

  • That makes sense.👍 How do you think this will affect the broader blockchain and cryptocurrency market?

  
• 

  Kang-hoon

  • This development could have a ripple effect across the blockchain and cryptocurrency market.

  • It demonstrates the growing acceptance and integration of traditional financial institutions into the crypto space.

  • This could lead to increased investor confidence and potentially more partnerships between crypto projects and established financial entities.

• Annie

  • Interesting!🤔 Are there any other blockchain projects that we should keep an eye on in 2024?

  
• 

  Kang-hoon

  • Yes, definitely.

  • According to recent analyses, projects like Solana and Itooktook are also worth watching in 2024.

  • These projects, along with Manta Network, are expected to benefit from upcoming events like halving and potential interest rate cuts.

• Annie

  • Got it.

  • Thanks for the insights, Kang-hoon!🙏 So, would you say this news about Manta Network is a positive development for investors?

  
• 

  Kang-hoon

  • Absolutely, Annie.

  • This news is definitely a positive development.

  • The backing by BlackRock's BUIDL fund and activation through Securitize not only boosts the credibility and security of wUSDM but also positively impacts the value of MANTA tokens.

  • It's a strong indicator of growth and stability for investors.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.