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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
US Bank CEO: Encryption Accomplice Business Recovers, Exploring Stablecoin Business
Gate News bot message, at the Morgan Stanley financial conference, U.S. Bancorp CEO Gunjan Kedia shared the development of the bank's encryption asset business. According to Kedia, the bank's encryption custody service launched in 2021 received policy support during the Trump administration, but has been constrained by regulatory uncertainty during the Biden administration.
Currently, the bank's encryption custody business is experiencing a rebound in institutional demand. Kedia pointed out that stablecoin payments are the core direction of the current business exploration, with plans to issue proprietary stablecoins or provide infrastructure services such as reserve asset custody through collaborations. She also mentioned that 90% of stablecoin transactions are currently concentrated within the cryptocurrency ecosystem.
Source: Cointelegraph
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