Welcome to the Hedera Overview. We provide biweekly content for Hedera enthusiasts, users, developers and curious-minded web3 users so they can stay up to date on the ecosystem.
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The percentages and metrics are calculated from its change over a 14-day time frame unless noted otherwise.
Diving deeper into some of the biggest updates from Hedera.
#️⃣ What’s happening: Stablecoins on Hedera are heating up as USDC issued on the network rose over 91% to $215.2 million for the month. Data provided by USDCcool.
#️⃣ Why it matters: Across the broader web3 industry, stablecoins have gained massive attention with a proven product-market fit and recent US regulatory clarity. On Hedera, apps like Stablecoin Studio have provided opportunities for users in countries that may not be able to access financial rails easily.
The growing issuance of USDC on the Hedera network reflects the increasing demand and adoption of a stable, dollar-backed digital currency within its ecosystem. This potentially signals an increase in overall economic activity.
The USDC stablecoin provides a reliable medium of exchange, mitigating the volatility often associated with cryptocurrencies. This stability can attract institutions, developers, users who want access to DeFi applications like payment solutions for cross-border transactions.
Since Hedera uses a transaction fee infrastructure that keeps fees as low as $0.001, a fraction of a penny, the network’s hashgraph technology can be a scalable infrastructure needed for broader stablecoin adoption. For use cases like real-time payment processing and micropayments, the growing amount of USDC issued on Hedera demonstrates the network’s ability to handle high amounts of transaction volumes. In turn, making it an attractive platform for businesses and developers seeking cost-effective stablecoin solutions.
#️⃣ The bigger picture: Stablecoins like USDC have become a pivotal asset in the global crypto landscape as a bridge between volatile digital assets and traditional fiat currencies. With a market cap of more than $64 billion, USDC has shown its ability to facilitate transactions in for payments and tokenized asset markets.
As Hedera’s infrastructure grows and the network onboards more partnerships, it can position itself for USDC-compatible applications.
AUDC announced that its Australian dollar stablecoin, AUDD, was selected for use in the Australian Payments Plus’ under the Reserve Bank of Australia and Digital Finance CRC’s landmark Project Acacia
Read CCN’s article on why banks, governments and enterprises are building apps using Hashgraph technology
Watch an X livestream about Hedera’s AI Hackathon in Africa to learn about its participants and their dApps
Highlighting the companies, communities and users tied to Hedera ecosystem
Listen to Hedera ecosystem contributors discuss yield farming AI agents on the network
Bonzo Finance reached an all-time high of $58M in TVL, DefiLlama data shows
Hear from Hedera developers on how to leverage different token standards through the network’s EVM via an X livestream
Palmera integrated Safe Wallets to the Hedera EVM for batch transactions and multisig wallets with multi-signer approvals
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.