Will USDT & USDC lose ground to PYUSD? QUBE and SOL are also set to shine
The crypto arena took another interesting turn when PayPal, a household name in global payment processing, dropped a major announcement on August 7. With the unveiling of its very own stablecoin, PayPal USD (PYUSD), the company signaled its arrival to Tether and USDC holders. But as the buzz around PYUSD grows, another rising star has been making waves: InQubeta and its ERC20 coin, $QUBE.
InQubeta: Leading the pack
The mention of a new stablecoin may be grabbing headlines, but InQubeta continues to cement its position as an innovator in the blockchain space. With a core focus on bridging AI with crypto, the InQubeta platform seeks to democratize access to investments in AI start-ups. Traditionally, this was a domain reserved for those with deep pockets. However, with its QUBE token, InQubeta has opened the doors wide for enthusiasts and investors, enabling them to stake their claim in upcoming AI ventures.
Besides fractional ownership, InQubeta ($QUBE) is a good crypto to buy for long-term growth. The deflationary attributes combined with lucrative staking rewards make it stand out among top crypto coins. Furthermore, it allows token holders to have a say in the growth trajectory of the ecosystem, thus inviting active participation. With over $2.3 million already raised in the ongoing presale, the sky’s the limit for QUBE after launch.
The PYUSD impact on USDT and USDC
PayPal’s introduction of PYUSD marks its firm intent to dive deep into the crypto world. Developed on the Ethereum platform, the stablecoin is pegged to the US dollar, backed by short-term Treasurys, US dollar deposits, and equivalent cash assets. PYUSD’s launch is a clear indicator of PayPal’s vision to become a giant in crypto payments, with aspirations to embed the stablecoin into its vast payment infrastructure.
While Tether and USD Coin have long enjoyed dominance in the stablecoin space, PayPal’s brand power and established global presence could challenge this status quo. The company’s vast merchant base and robust payment processing infrastructure give PYUSD an edge. Moreover, with direct integration into Venmo, PYUSD might appeal to a younger demographic that often prefers quick, seamless digital transactions. However, it’s essential to note that the reputation and trustworthiness of a stablecoin largely hinge on transparency and regulatory compliance.
SOL on the horizon
While PYUSD and $QUBE are undoubtedly exciting, SOL (Solana’s native token) is another asset positioned for significant growth. Solana’s blockchain has been lauded for its scalability and speed, making it a favorite for many DApps and decentralized projects. As more projects look for alternatives to Ethereum, mainly due to gas fee concerns, Solana emerges as a promising option. Given this, SOL is definitely an altcoin to watch closely.
Wrapping up
The introduction of PYUSD by a giant like PayPal might herald a new era in the world of stablecoins. With its vast resources and global reach, it’s conceivable that PYUSD could challenge the dominance of USDT and USDC. Meanwhile, platforms like InQubeta continue to push the boundaries of what’s possible in the blockchain and crypto sphere. As these stories unfold, the crypto world waits with bated breath, ready for the next exciting chapter.
