Worldwide USD narxWUSD

Metro Departmental Store in Singapore announced that it will cooperate with dtcpay to accept stablecoin payments, becoming the first local department store to support this payment method. Customers can use USDT, USDC and WUSD to pay in Metro physical stores and online, and FDUSD…

Singapore's Metro department store to accept stablecoin payments Singapore's Metro department store has partnered with crypto payments firm dtcpay to become the first in the country to support stablecoin payments, accepting USDT, USDC, WUSD and FDUSD, according to local media…

Bitcoin $BTC 30-Minute Chart Analysis Current Market Overview As of the latest data, Bitcoin $BTC is trading at $95,769.99, showing a -1.02% decline. The price movement has been fluctuating between a 24-hour high of $96,920.79 and a 24-hour low of $95,620.04. The trading volume in the past 24 hours has been 6.132 BTC, with a turnover of 591.33K WUSD. Technical Indicators Exponential Moving Averages (EMA) EMA(5): $95,849.84 EMA(10): $95,998.66 EMA(20): $96,165.83 $BTC The short-term EMAs indicate that the price is currently below these moving averages, signaling a possible downward trend or correction phase. Support and Resistance Levels Support Level: $95,620.04 (recent low) Resistance Level: $97,034.85 (recent high) If $BTC breaks below the support level, we may see further downside movement. On the upside, a breakout above $97,034.85 could signal a bullish trend. Trading Volume & Market Sentiment The trading volume shows an increase in activity, especially during the recent downward movement. A high trading volume in a declining trend suggests strong selling pressure. The volatility in the market indicates that $BTC is experiencing short-term price fluctuations, making it a crucial time for traders to monitor movements closely. Market Trends (Performance Over Time) Today: -0.86% 7 Days: -0.39% 30 Days: -8.61% 90 Days: +2.95% $BTC While the short-term trend shows a decline, the 90-day trend still reflects a positive outlook. Conclusion Bitcoin's current movement suggests a short-term bearish trend, with prices struggling to stay above key support levels. Traders should watch for breakouts or breakdowns at the support and resistance levels. If buying momentum increases, $BTC may recover towards $97,000. However, further declines below $95,600 could trigger additional selling pressure. Trading Strategy: Short-term traders may look for opportunities to short $BTC if it stays below the key EMAs. Long-term investors should observe if $BTC stabilizes around current levels before considering new entries.

WSPN raises $30m to expand stablecoin infrastructure $BTC Stablecoin infrastructure startup WSPN has secured $30 million in a seed round to boost its stablecoin adoption mission. Worldwide Stablecoin Payment Network — also known as WSPN — has attracted $30 million in seed funding to double down on its “Stablecoin 2.0” approach. In an Aug. 16 press release, the firm said the round was led by Foresight Venture and Folius Ventures, with participation from Hash Global, Generative Ventures, Yunqi Partners, and RedPoint China, among others. Founded by former employees of Visa and Paxos, WSPN says it has secured backing from over 30 cryptocurrency exchanges, more than 10 wallets, and a range of payment institutions and market makers, without naming them. The Singapore-based startup also boasts its own stablecoin products like WUSD and WEUR, which are backed by cash, cash equivalents, and short-term treasury bills, according to the project’s official website.

WUSD is a stablecoin pegged to the US dollar, issued on the Ethereum blockchain. It's a wrapped version of the US dollar, meaning that each WUSD token is backed by a corresponding US dollar held in reserve. This 1:1 collateralization ensures that WUSD maintains its value parity with the US dollar. Benefits of WUSD 1. _Stability:_ WUSD's value remains stable, unaffected by market fluctuations. 2. _Liquidity:_ WUSD is widely accepted and easily transferable. 3. _Security:_ WUSD is built on the secure Ethereum blockchain. 4. _Transparency:_ WUSD's collateralization and reserves are transparent and publicly verifiable.