As part of its mission to support stablecoin payment, the popular TradFi giant Stripe is acquiring stablecoin platform Bridge in a $1.1B deal. This would mark one of Stripe’s largest acquisitions since the fintech company’s launch and also the largest in the crypto industry. According to Stripe CEO Patrick Collison on X, Stripe is going to build the world’s best stablecoin infrastructure.
The news, which was broken by TechCrunch co-founder Michael Arrington, showcased the influence of cryptocurrency on traditional finance. This is coming a few months after PayPal, another fintech giant, launched a stablecoin on the Solana blockchain, signaling crypto’s growing influence in online payment. Meanwhile, the upcoming DeFi platform Cutoshi is projected to witness more adoptions driven by the growing adoption of DeFi in financial services.
With the rising adoption of DeFi in financial transactions, Cutoshi is developing an innovative platform that will revolutionize the DeFi market, which is projected to hit $100B in 2024. Cutoshi is a project built on the legendary Bitcoin founder Satoshi Nakamoto’s visions for blockchain technology, which are decentralization, privacy, and monetary freedom for the masses.
By infusing these ideas with the traditional Chinese Lucky Cat, believed to bring fortune and wealth to people, Cutoshi is developing an ecosystem where investors have full control over their assets. The goal of the Cutoshi ecosystem is to bring luck, wealth, and prosperity to investors’ digital assets.
Cutoshi is more than a meme coin,it serves as a trading platform in the Cutoshi multi-chain decentralized exchange. The Cutoshi DEX is developed to connect blockchains and allow seamless trading and swapping of digital assets. It resolves common issues such as asset bans, security, privacy, and interoperability. Another tool is the Cutoshi educational platform, which is designed to broaden users’ understanding of DeFi and cryptocurrency market trends, charts, etc.
One popular use case of Cutoshi is in the farming mechanism. It is developed to reward active community members who participate in quests or other community events. The CUTO token is also a means of distributing rewards, cashbacks and promotional offers.
Given all these use cases in the ecosystem, demand for CUTO will likely skyrocket in the coming months, pushing the Cutoshi price up. According to the crypto ICO, Cutoshi has a limited 440M total supply, with 55% representing 242M tokens already allocated to burning events.
Notably, the Cutoshi token is deflationary, with 7% allocated for the buy-and-burn mechanism. Combined with the limited supply, there is a likelihood of token scarcity soon with the expectation of strong gains for Cutoshi’s price in the coming months.
Cutoshi has recorded massive success so far in the presale. Having started the presale at a floor price of $0.015, the CUTO price has surged to $0.022, giving early buyers 46% ROI. Notably, the token has been listed on the crypto market data aggregator website CoinMarketCap.
This recent CMC listing is positioned to add to its credibility and boost adoption. Having raised over $540K in a short time, Cutoshi is targeting to hit $1M before the end of the month. Overall, with the rising adoption of DeFi and the strong use case of Cutoshi in the DeFi industry, there are clear indications that CUTO might lead the next market rally.
The Cutoshi project is designed to boost DeFi investment. Unlike Pepe, WIF and Bonk, with no major utility, CUTO has a strong use case which could increase the demand for the token and drive its price upwards.
Having sold out the first stage of the presale within two weeks, there are high expectations of 10x returns in presale and 40x on the listing.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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