The 8th edition of our curated newsletter.
In today’s newsletter we look at:
- Support-heroes at Mercuryo
- Crypto payments by PayPal
- Faking TVL
- Evolving DeFi
- Exciting partnership
Tether Takes a Step Toward Transparency
There have been many talks about whether Tether has a physical backup for every stablecoin it issues. The company published an attestation verifying it has $35 billion in assets matching a similar amount of USDT token last month. It is noteworthy that it’s the first third-party verification Tether has produced since 2018. Moreover, it is the first report from an actual accounting firm since September 2017.
How We Are Handling 1,000 Customer Support Requests Daily
Ever wondered what it is like to work as a customer support superhero? Is it really possible to become the head of the department starting as a regular assistant in just a year? Undoubtedly, it is a challenging and rewarding job that tempers one’s character. So we decided to reveal some secrets of Mercuryo’s customer service and give you an insight into how the magic happens.
These days TVL might be corrupted. It’s essential to pay attention to the tricks that teams use to inflate TVL numbers. For instance, yield farming rendered this metric significantly. That’s why you should always check whether the TVL in a project meaningfully describes the core financial value proposition of a project.
PayPal Launches Crypto Checkout Service
PayPal made a game-changing announcement. As of now, it allows its US clients to use their crypto to pay in millions of its online merchants worldwide. This move can accelerate the use of digital assets in everyday commerce.
The transactions’ mechanics is quite simple: if you’re holding BTC, ETH, BCH, or LTC in your PayPal wallet, you can convert it to fiat when checking out without the necessity to pay the transaction fee.
A Tale of Three DeFi indices
An ETF is a type of structured security tracking anything such as an index, commodities, or other assets. You can buy or sell ETF on any stock exchange. Coingecko has published a report uncovering the DeFi indices market landscape dividing it into indices protocols and indices funds. The first section compares the top-3 protocols under four different metrics: AUM, valuation, protocol income, and strategies. In comparison, the second section explores indices funds in terms of performance, fund fees, and yield farming opportunities.
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This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.