AntEx and the Vietnam crypto revolution
Known by the phrase Bitcoin, the cryptocurrency industry has been gaining popularity in recent years. As more and more significant players from famous financial firms and institutions like JP. Morgan, Tesla, Grayscale, MicroStrategy, etc, have stepped into the game, Bitcoin price has reached $64,000/BTC. In a market where new people are learning and discovering methods to join, there aren’t many statements or doubts lingering concerning the liquidity of cryptocurrencies. Investors who want to participate in the purchase and selling of cryptocurrencies should first hold stablecoins, the most prominent of which is USDT, in order to participate.
Tether, or USDT, is now the most valuable stablecoin in terms of market capitalization. Stablecoin is a cryptocurrency that aims to reduce the impact of price swings (volatility) by tying it to a more stable asset such as actual money (fiat money), commodities (gold, silver…), or another cryptocurrency. Stablecoins employ blockchain and peer-to-peer value transmission, but users are not exposed to the significant volatility associated with other cryptocurrencies. As can be seen, stablecoins play an important role as a bridge between the electronic and traditional financial markets. With the introduction of stablecoins, converting from fiat to crypto has become easier.
AntEx has established the first Vietnamese blockchain ecosystem in response to current needs. AntEx’s team consists of professionals and engineers with extensive experience in technology, finance, and cryptocurrency. AntEx is developing a coherent and clear roadmap with major products such as the stable coin VNDT, utility token ANT, cryptocurrency wallet VNDT, and decentralized and centralized exchanges that will be introduced in the future.
VNDT, AntEx’s stablecoin, is an open-source stablecoin built on the Ethereum blockchain ERC-20, TRC-20, Binance Smart Chain (BSC), and KRC20. Stablecoin VNDT is utilized in e-commerce transactions, mortgage loans, and investments in the ecosystem that AntEx and its partners are developing. This is a significant step forward for the crypto community in Vietnam, in particular, and globally in general. AntEx builds VNDT cryptocurrency wallet in addition to stablecoin VNDT. Cryptocurrency users have access to more than just basic capabilities such as depositing and withdrawing funds.
As part of AntEx’s transaction support techniques, QR-codes or Visa, Mastercard lines will be one of the options. Although it is still in its infancy, usage and downloads of the VNDT cryptocurrency wallet are growing at a rapid rate. On the shoulders of NextTech, a leader in the sphere of technology and electronic payments, AntEx is projected to expand swiftly in the international community. It is hoped that in the near future, Vietnamese people can be proud of their own stablecoin, their own cryptocurrency wallet and their own blockchain.
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