Things are going sour for the crypto bears on Tuesday afternoon. With the short-selling position liquidations now inching closer to $1 billion a 24-hour time-frame, the market’s sentiment has flipped from yesterday’s ‘extreme fear’ of 23 to 15, meaning that the threshold is nearing a ‘moderate fear’ level after a couple of month’s break.
How Hedera Established a Big Tech All-Star Council
For Hedera Hashgraph (HBAR), the altcoin’s price received the sideways treatment this month, dropping by 1.44% in the past 30 days while most bigger altcoin peers gained slight upticks. On the other hand, the lack of persistent HBAR price action makes sense with the broader market still awaiting the outcome of Clarity Act negotiations.
With big tech company names like Google, IBM, LG Electronics, as well as the mail delivery giant FedEx now all aboard as Hedera Foundation’s council members, this exposure to top-shelf decision makers can bolster integration in an unprecedented way. Recently, HBAR Network has been approved for a legally-compliant stablecoin in Wyoming.
Wyoming Deal Fits In HBAR’s Grand Adoption Scheme
Moreover, the central bank testing pilots are running – the fact that most governments worldwide are plotting on their own stablecoin could be of particular importance to Hedera Hashgraph (HBAR). Back in 2023, Hedera Hashgraph’s developer team released an open-source, federal-grade tool-kit to build custom & compliant stablecoins.
This is made possible by the Hedera Token Service (HTS), a collaborative effort between the HBAR Foundation, Swirlds Labs & ioBuilders. The stablecoin studio on HBAR revolves around Web3 for enterprises, enabling them to build programmable compliance at a very low cost, high throughput & immediate transaction settlement on Hedera.
This also features a Proof of Reserves (PoR) mechanism that’s entirely Oracle-based, which is crucial in terms of compliance with MiCa & the up & coming Clarity Act. With HBAR Network already powering the first-ever state-owned stablecoin, the Wyoming’s Frontier Stable Token (FRNT), more of similar integrations are expected to come.
Dig into DailyCoin’s popular crypto scoops today:
Bitcoin Hits $74K As ETFs Rebound Amid Lingering Nerve
XRP Transfers Soar 300%: Institutions Move On-Chain
People Also Ask:
Wyoming Frontier Stable Token (FRNT) — America’s first state-issued stablecoin — went live on Hedera (March 12), powered by Hedera’s Stablecoin Studio. Fresh USDT0 (Tether) integration added instant cross-chain liquidity.
It’s a key psychological level HBAR just reclaimed after consolidation. The tweet calls it the end of Hedera’s deliberate “quiet accumulation” phase — institutions loaded up while the team built real infrastructure in the background.
Mostly yes. Proves Hedera’s enterprise focus (RWA tokenization & regulated stablecoins) is shifting from stealth mode to mass adoption. More catalysts ahead — watch for announcements that could flip the switch.
