Chainfeeds Introduction:
According to research conducted by The Block for Coinbase, on-chain projects announced by Fortune 100 companies increased 39% year-on-year and hit an all-time high in the first quarter of 2024. A survey of Fortune 500 executives found that 56% said their companies were working on on-chain projects. The increase in activity highlights the urgency of developing clear cryptocurrency rules that can help keep cryptocurrency developers and other talent in the United States.
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https://www.jinse.cn/blockchain/3688458.html
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Coinbase
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Coinbase: Many of the most trusted names and products in finance are embracing blockchain technology and cryptocurrencies, driving innovation and providing entry points for widespread adoption: - Spot Bitcoin ETFs are emerging - and there is pent-up demand. The U.S. SEC approved an application for exchanges to list and trade spot Ethereum ETFs (pending S-1 approval), further expanding access to spot cryptocurrencies for familiar, trusted products and spurring adoption. - Beyond ETFs - on-chain government securities are driving new interest in tokenizing real-world assets. The value of tokenized U.S. Treasury products has grown by more than 1,000% to $1.29 billion since the beginning of 2023. The tokenized asset market is expected to reach $16 trillion by 2030. - In addition to Coinbase, global payment giants PayPal and Stripe are also making stablecoins easier to use. Through Circle, merchants on Stripe can now accept USDC payments through Ethereum, Solana, and Polygon - payments are automatically converted to fiat currency. PayPal supports cross-border transfers for stablecoin users in about 160 countries - without paying transaction fees. - Progress is coming not only from the top down, but also from the bottom up: small businesses, the most trusted institutions in the U.S., are also getting into crypto. About seven in ten (68%) believe crypto can help solve at least one financial pain point, with transaction fees and processing times being the biggest. At Coinbase, we applaud tradfi’s progress in updating its systems and draw a few key takeaways from the data: - The U.S. must foster the talent it increasingly needs, rather than continue to lose it overseas. The share of U.S. developers continues to decline, falling 14 percentage points over the past five years; only 26% of crypto developers are currently in the U.S. - It’s also critical to ensure the technology lives up to its promise of providing better access — both for crypto-using companies that need financial services, and for underserved groups that need them. - The U.S. needs to take a leadership role in this space. F500 executives show strong interest: 79% want to work with U.S. partners on initiatives, and 72% agree that having a dollar-backed digital currency would keep the U.S. economy globally competitive.
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