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Cash App Adds Support for Stablecoins, Covering Ethereum and Solana Networks.
Cash App Adds Support for Stablecoins, Covering Ethereum and Solana Networks. Although Bitcoin supporter Jack Dorsey has previously criticized stablecoins as "gatekeepers," its subsidiary Cash App has begun supporting stablecoin transactions on the Ethereum and Solana networks, breaking through the original limitation of only supporting Bitcoin.
Next, three things need to be watched: whether relevant funds continue to flow in, whether on-chain transaction volume and holdings continue to grow, and whether project parties or regulators provide new confirmation information. A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can settle into a trend.
Risks should also be considered: if subsequent trading and capital flow cannot keep up, the market may easily digest it into a one-time pulse.
$eth #sol #btc #稳定币 #On-chain data