In September 2022, Joe Biden blatantly gave an urgent executive order directing the Federal Reserve to research and possibly deploy a United States Central Bank Digital Currency (CBDC). Such news came as a huge threat to stablecoins USD Coin (USDC) and USD Tether (USDT).
That’s why the stablecoins market cap jumped 2.1% in July to hit $164 billion, the highest since April 2022, when Biden dropped off the November presidential race, ceding ground for a crypto-friendly candidate to occupy the White House.
Stablecoins inject stability into crypto markets and can be staked for passive income. However, users looking for growth-based, income-bearing altcoins should probably turn their attention to Rollblock ($RBLK), a GambleFi crypto presale offering alluring passive income benefits and potential 880% parabolic growth prospects.
USDC witnesses substantial surge in trading volume
Circle’s USDC Coin (USDC) market cap shot 5.4%, surpassing $33 billion in the last week of July. Its trading volume surged from about $5.5 billion to exceed $6.5 billion in the past 5 days. As of this writing, USDC 24 hour trading volume has rocketed by a whopping 26%.
USDC’s good fortunes and market inflows are expected to continue as Circle becomes the first stablecoin issuer to get the blessings of EU authorities after the MiCA regulatory framework went live on July 1.
USDT continues stablecoins dominance
Tether’s USDT commands nearly 70% of the stablecoins market, and in the past 11 months, the USDT market cap shot straight past $114 billion. In July, USD Tether (USDT) witnessed a 1.6% growth amid news of soaring profits and a coin issuance spree. USDT 24-hour trading volume is up more than 16%, surpassing $57 billion.
On July 31, Tether announced a record half-year net profit of $5.2 billion, and in Q2 alone, $1.3 billion, with Q2 USDT issuance surpassing $8.3 billion. Currently, Tether’s consolidated net assets stand at $11.9 billion, with the management planning to hold over $5.33 billion in excess reserves to guarantee USDT stability and resilience.
Rollblock ($RBLK): the top choice for passive income and growth
Rollblock is the first community-driven play-to-earn crypto casino on the Ethereum blockchain. Its native token, $RBLK, powers the in-game economy within the Rollblock ecosystem and its iGaming affiliates, offering incredible income and growth prospects to players and investors.
The $RBLK token is a passive income-generating asset. Token holders are entitled to a slice of the platform’s weekly profits, paid out every week proportional to their $RBLK holdings. Plus, $RBLK can be staked to provide liquidity in the network for a big-time yield of upwards of 30% APY.
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But its $RBLK growth prospects are drawing in USDC and USDT stablecoins holders: $RBLK is a deflationary crypto asset backed by weekly token burns to diminish supply, prepping the $RBLK price to pump to the heavens.
The Rollblock crypto presale has picked up major steam, smashing the $1.7 mark in stage 4 as USDC and USDT holders join the party to grab $RBLK at the discounted price of $0.0175. Early adopters are already up 75%, but analysts predict $RBLK could blast past the 100x on launch, so you’re still on time!
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
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