[Feature Stock] DeepMind Jumps 13% on News of Exchange Verification with Tether and USDC
DeepMind is showing strong performance in early trading.
As of 9:05 a.m. on July 10, DeepMind is trading at 6,500 won, up 13.24% (760 won) from the previous day.
Investor sentiment appears to have been boosted by the opening of a new pathway that allows DeepMind's stablecoin 'KRDT' to be easily exchanged with Tether (USDT) and Circle USDC, the two leading global stablecoins.
Blockchain technology company DeepMind announced the previous day that it had successfully established the necessary liquidity pools for such exchanges on Uniswap and PancakeSwap, and completed technical verification. Uniswap and PancakeSwap are leading decentralized exchanges that allow cryptocurrency swaps without intermediaries, operating on Ethereum and Binance Smart Chain, respectively.
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An industry official explained, "Through this, KRDT users can freely transfer assets between major blockchains such as Ethereum, Binance Smart Chain, and Base Chain (BASE) without a separate bridge, and easily exchange KRDT for USDT or USDC."
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