Money and payments can now move freely around the globe thanks to stablecoins, which have become an essential component of the financial system, particularly in emerging regions that were previously shut out.
From Bitcoin Exchange Traded Funds (ETFs) to Ethereum, Tether, and now Shekel Coins, cryptos are no longer just a tech trend—they are reshaping the financial sector and the economy in a big way. And there are people leveraging multiple stable coins at a go. Here are the five stable coins to keep an eye on so you can make the right decisions in the future.
1. Bitcoin
Bitcoin’s journey from being worth less than a penny to hitting $70,000 in March 2024 is remarkable, with experts saying the price could hit new heights by year’s end, reaching $120,000-$150,000 by the end of 2025. Its price grew 2.13 per cent to $111,980, according to Binance platform data, the cryptocurrency’s highest mark in history.
2. Ethereum
Ethereum has become the backbone of decentralised finance (DeFi). With over 4,000 decentralised apps built on its platform, it’s driving billions in DeFi protocols. Recent network upgrades, like sharding, have made it faster and more efficient. This can facilitate cheaper, faster transactions, allowing Nigerians to engage more easily with DeFi applications and NFTs.
3. Shekel Coin
The Business Barometer is remodeling itself in line with the changing digital content creation landscape. For better part of this June, the information and tech platform will issue crypto tokens as rewards to subscribers through an external wallet integration.
Shekel Coins, which will be redeemable in future the Bonga points style, will be issued within 60 seconds (under normal conditions) on a one-to-one basis after payment confirmation ensuring monetization opportunities for its loyal audiences. This means Sh500 spent on businessbarometer.co.ke, for example, will instantly be matched with 500 free Shekel stable crypto coins.
Note: Great news! With Business Barometer marketplace, you can directly buy branded items, including water bottles, lunch boxes, notebooks, t-shirts, safety books, keyboards, electric motorbikes as well as three-wheelers, better known as Tuk tuks. Buy fast moving goods and products through the site. In so doing, you’ll earn/mine substantial amounts of Shekel Coins that you can redeem in the near future.
4. Solana (SOL)
Solana is known for lightning-fast transactions and minimal fees. One of the several standout moments for Solana in 2024 was its opening of “Solana Spaces”, a physical store to educate its customers. Additionally, the introduction of Solana Pay, which enables fast, secure transactions, and the upcoming release of its Seeker phone in 2025 show Solana’s continued push for innovation.
With its rapid growth, expanding ecosystem, and focus on reliability, Solana is well-positioned as a critical player in the cryptocurrency space heading into 2025.
5. Tether (USDT)
A stablecoin issuer, Tether, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation.
In an interview with CNBC, the company’s CEO Paolo Ardoino said they are working on plans to issue a new dollar-pegged stablecoin in the U.S. as soon as this year. The move comes as Tether, once accused of being a criminal’s ‘go-to cryptocurrency’ – rebrands itself as a partner to American lawmakers and law enforcement.
6. USD Coin (USDC)
USDC continues to solidify its position as a stablecoin in the cryptocurrency market, widely used for its stability and strong backing by US dollar reserves. As Circle (the company behind USDC) prepares for its IPO, USDC continues to gain trust in the crypto community. It is available on networks like BASE, Solana (SOL), ERC-20 (Ethereum), Celo and Stellar.
According to the Businessbarometer.co.ke, leveraging Shekel Coins will provide flexible solutions for preserving wealth while enabling faster and more affordable transactions. Platforms like Business Barometer make it easy for a subscriber or a general reader to start engaging with stable a stable digital coin that is pegged on Kenyan currency and will usher in a new way of doing things in the tech and digital publishing space.
Not only can you purchase our own Shekel Coins for as low as Sh100, but you can also purchase the majority of the digital assets listed above. What are you waiting for? Visit the businessbarometer.co.ke and start mining today!
