Stacks: New Network Upgrades Push STX Price Up By 18% – Details

Quick Summary:

With the hyped potential of the so-called Bitcoin economy underneath Stacks, investors and traders might see a lot of green in the coming days.  New Developments Fuel STX Growth  In an X post by the official Stacks account, the platform has announced that Hermetica.fi,  a stablecoin provider in the Stack’s ecosystem, has deployed USDh.

More information is available below.1/2 pic.twitter.com/3EYmefYEPI — stacks.btc (@Stacks) September 25, 2024 Institutional investors might also be around the corner as Anchorage Digital, an institutional wallet provider, has announced their support for Stacks, opening the door for the platform to be exposed to institutional entities, possibly improving the Stacks’s future development.

All in all, the conclusion is the same: the Nakamoto upgrade will significantly improve user experience while simultaneously allowing developers to access the $1 trillion in liquidity under Bitcoin, with sBTC, a 1-to-1 Bitcoin-backed asset in Stacks, integrated with Solana and Aptos for quicker distribution and adoption.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Cryptocurrency Market News Crypto Altcoins STXUSDT STX Stacks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 09:00:59 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22750709

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