Ethereumco-founder of Vitalic ButerineA wallet bearing the name of RAIto mint stablecoins 500 ETHby spending USD Coin (USDC)he bought.
created seven years ago vitalik.ethname wallet March 14in hand as of 5.360′more than ETHwas holding. Ethereum Name Service (ENS)While domain names provide solutions to crypto wallets, they may not need to be held by the person who associates the name.
Buterin Praised RAI Before
Blockchain analytics firm PeckShieldin a statement on Sunday: “The address labeled Vitalik, 150 thousand RAIto print reflexerto 500 ETHlaid down and 132.5 thousand RAIto 378.5 thousand USDC exchanged it with. Also, in the last 3 hours 17.5 thousand RAIto 50 thousand DAIThey replaced it with.”
Buterin previously wrote in a blog post. RAI He referred to ‘s unique stablecoin mechanism. Unlike other stablecoins, issued by Reflexer Finance RAIIt is not tied to any fiat currency and is backed by ETH. March 14as of each RAI, worth $2.7 ETHavailable in return.
Friday Silicon Valley Bankof ( SVB ) collapsed, cryptocurrencies fell. Among the companies affected by this collapse, USDCUS-based stablecoin issuer holding some of the reserves for its stablecoin at Silicon Valley Bank as of Jan. CircleIt was there.
USDCrebounded on Monday night, and low-price buyers USDCIt gave its investors a 10 percent return in just over 48 hours.
