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The Blockchain Bulletin March 28: Wyoming Launches First US State-Backed Stablecoin
March 28, 2025 – In a significant move, the state of Wyoming has announced the launch of its first-ever state-backed stablecoin, set to revolutionize the digital asset landscape. This development underscores the growing recognition of blockchain technology’s potential and government agencies’ willingness to adapt.
In other news, AVAX surged to reach a crucial resistance level. However, it indicates caution as the cryptocurrency may pull back if it fails to break through this resistance level. On the privacy front, Ethereum co-founder Vitalik Buterin transferred 250 ETH (worth approximately $500,000) to the privacy protocol Railgun. This transaction highlights his continued commitment to privacy-focused solutions within the blockchain space, enabling users to maintain confidential transactions with low fees.
Meanwhile, Shiba Inu (SHIB) has demonstrated remarkable investor loyalty. According to recent data from IntoTheBlock, 76% of SHIB addresses have held tokens for at least one year, making it the third-highest asset in terms of long-term holder rate, trailing only Litecoin (LTC) and Chainlink (LINK).
Additionally, Upbit won a legal battle against South Korea’s financial regulator. The court in Seoul lifted the suspension temporarily, enabling operations to continue. As a result, new users on Upbit can still deposit and withdraw cryptocurrencies.
Unfortunately, Vite Labs has announced that it will shut down its roadmap development, while Linear Finance is ceasing operations. Both firms’ tokens have faced significant price drops as a result.
In other market updates, Wyoming’s WYST launch, Elon Musk’s cryptic post, and major acquisitions highlight the dynamic growth of the cryptocurrency space. Regulatory wins, market shifts, and privacy advancements shape the industry’s evolving landscape.
As the sector continues to evolve, setbacks like Linear Finance’s closure and Binance delistings underscore both innovation and challenges in the digital asset space.
Source: https://cryptotale.org/the-blockchain-bulletin-march-28-wyoming-launches-first-state-backed-stablecoin/
