Adoption Friday: Hottest Blockchain News of the Week
Hey everyone,
Welcome back to Adoption Friday with adoption news from around the world. In this week’s batch:
- Tether partners with Taipei University for blockchain education 🎓
- Stablecoin transfer volume surges 📈
- Marathon Digital’s innovative Bitcoin mining project in Finland ❄️
Tether partners with Taipei University for blockchain education 🎓
Tether has partnered with Taipei University to enhance education in blockchain and digital assets. The collaboration aims to equip students with comprehensive knowledge and practical skills in these technologies, with a focus on cryptocurrencies, stablecoins, and the ability to analyze and assess information. The program has been well-received, attracting interest from other universities. The initiative also intends to educate students on the volatility of speculative assets, avoiding scams, compliance procedures, and potential career paths in the industry. The CEO of Tether expressed the goal of empowering the next generation of blockchain professionals in Taiwan.
Our take:
Tether’s collaboration with Taipei University is a brilliant move to foster the next generation of blockchain professionals. Equipping students with practical skills and knowledge in digital assets prepares them for a blockchain-driven future.
Read more here.
Stablecoin transfer volume surges 📈
In the past four years, the transfer volume of stablecoins has increased by 16 times, indicating a significant growth in crypto adoption. In April, the monthly stablecoin transfer volume reached a record high of $1.68 trillion, showing a substantial increase from $100 billion in October 2020. Stablecoins serve as a bridge between traditional finance and digital assets, and their movement is used to assess the health of the crypto market and investor confidence. The CEO of Stabble, a Solana-based liquidity and trading layer, sees the growing usage of stablecoins as a positive sign of industry maturation.
Our take:
The explosive growth in stablecoin transfer volume is a testament to the increasing adoption of digital assets and their pivotal role in bridging traditional finance with the crypto world. This trend bodes well for market stability and investor confidence.
Read more here.
Marathon Digital’s innovative Bitcoin mining project in Finland ❄️
Marathon Digital Holdings, the world’s largest Bitcoin mining company, has launched a pilot project in Finland to use the excess heat from Bitcoin mining to warm the houses of over 11,000 residents in the Satakunta region. This project is the company’s first district heating-based pilot project in Europe. The facility uses a method called ‘district heating’ where the heat is centrally generated and distributed through an underground network of pipes to heat houses. This initiative could provide a future-proof method for heating homes as Bitcoin mining rigs produce a significant amount of excess heat.
Our take:
Marathon Digital’s initiative to use excess heat from Bitcoin mining to warm homes is a fantastic example of innovative solutions addressing real-world problems. It showcases the potential for sustainable practices in the crypto industry.
Read more here.
And that’s it! What do you think about this week’s adoption news? Let us know in the comments!
