Telegram Raised $1.7bn Funding from Investors
The Daily Leo #682
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Telegram just raised $1.7bn and secure its financial future!
Telegram is a popular secured social media messaging platform. This app also has an integrated crypto wallet and supports some coins to be used on the app interface. This messaging has now raised $1.7 billion in funding from investors, featuring a 9% coupon. Toncoin is a digital asset of a telegram app accepted for app services and the coin price has increased by 20% after this news update
Ethereum is a digital asset or a crypto coin and its the second coin after bitcoin. The price value of ethereum has not increased much if we look at Bitcoin overall. Its said that because Ethereum Foundation has been selling ether coins regularly which is why its value has not grown. Even for this reason, the Ethereum Foundation is criticised by the community
Kazakhstan is taking the lead in improving crypto adoption. They are launching a pilot zone called "CryptoCity" to enable regulated cryptocurrency payments. This crypto initiative has been announced by Kassym-Jomart Tokayev, the president of Kazakhstan at the Astana International Forum 2025
The importance of Stablecoins is growing in the crypto market and demand is also rising. The stablecoin marketcap has crossed $250 billion globally and its growing so we will see even more growth in the coming years. Its like a new monetary architecture and most of the stable coins are backed by USD. This is also raising the demand for USD. With the GENIUS Act, this is going to rise and since the stablecoins are going to be backed by USD, it creates more demand for the dollar
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