Alternity Protocol πŸ¦‡πŸ”Š (@0xalternity) 's Twitter Profile
Alternity Protocol πŸ¦‡πŸ”Š

@0xalternity

Immutable borrowing protocol that provides decentralized $CNY stablecoin backed by $ETH collateral.

ID: 1654064303513665538

linkhttps://alternity.finance calendar_today04-05-2023 10:05:12

164 Tweet

445 Followers

161 Following

DefiLlama.com (@defillama) 's Twitter Profile Photo

Now tracking Alternity Protocol πŸ¦‡πŸ”Š's $LCYN coin our Stables Dashboard Alternity protocol is a fork of the initial code of the Liquity Protocol. Minor amendments have been added to the protocol logic in order to make the stablecoin Yuan-pegged.

Now tracking <a href="/0xAlternity/">Alternity Protocol πŸ¦‡πŸ”Š</a>'s $LCYN coin our Stables Dashboard

Alternity protocol is a fork of the initial code of the Liquity Protocol. Minor amendments have been added to the protocol logic in order to make the stablecoin Yuan-pegged.
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The PBOC has been supporting the $CNY versus 23 trading partners’ exchange rates β€” including the $EUR, $JPY and $GBP with its daily fixings against these currencies since mid-August. That has resulted in the stabilization of the yuan’s value. Bloomberg

The PBOC has been supporting the $CNY versus 23 trading partners’ exchange rates β€” including the $EUR, $JPY and $GBP with its daily fixings against these currencies since mid-August. That has resulted in the stabilization of the yuan’s value. <a href="/Bloomberg/">Bloomberg</a>
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For the first time, $CNY exceeded the $USD in China's bilateral transactions for the last quarter, Nikkei Asia reported. According to the report, Chinese Yuan was used for 49% of bilateral transactions in the last quarter. asia.nikkei.com/Business/Marke…

For the first time, $CNY exceeded the $USD in China's bilateral transactions for the last quarter, <a href="/NikkeiAsia/">Nikkei Asia</a>  reported. According to the report, Chinese Yuan was used for 49% of bilateral transactions in the last quarter.
asia.nikkei.com/Business/Marke…
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Saudi Arabia cuts holdings of US Treasuries to 6-year low. Kingdom’s position in US government bonds falls by $3.2bn in June to $108bn. Source: ft.com/content/292595…

Saudi Arabia cuts holdings of US Treasuries to 6-year low. Kingdom’s position in US government bonds falls by $3.2bn in June to $108bn.
Source: ft.com/content/292595…
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International Monetary Fund (IMF) lifted weighting of Chinese yuan in SDR basket to 12.28%. $CNY weighting holds the third place after the $USD and $EUR.

International Monetary Fund (<a href="/IMFNews/">IMF</a>) lifted weighting of Chinese yuan in SDR basket to 12.28%. $CNY weighting holds the third place after the $USD and $EUR.
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Exciting news for our community! We have successfully passed the DeFiSafety review. The detailed 'Process Quality Review' can be found here: defisafety.com/app/pqrs/557

Exciting news for our community! We have successfully passed the <a href="/DefiSafety/">DeFiSafety</a> review.
The detailed 'Process Quality Review' can be found here: defisafety.com/app/pqrs/557
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$CNY settlements in global trade reached a record high of 24%. The Chinese Yuan's share in global payments exceeded 3% for the first time in July, marking the latest milestone in the currency's internationalization. Source: People's Bank of China (PBC).

$CNY settlements in global trade reached a record high of 24%. The Chinese Yuan's share in global payments exceeded 3% for the first time in July, marking the latest milestone in the currency's internationalization.

Source: People's Bank of China (PBC).
The Kobeissi Letter (@kobeissiletter) 's Twitter Profile Photo

JUST IN: The US added another $33 billion of debt in one day yesterday, bringing the 2-day total to $308 billion. Since US debt crossed $33 trillion just 15 days ago, the US has added another ~$500 billion in debt. That's an average of $1.4 billion per hour for the last 15 days

JUST IN: The US added another $33 billion of debt in one day yesterday, bringing the 2-day total to $308 billion.

Since US debt crossed $33 trillion just 15 days ago, the US has added another ~$500 billion in debt.

That's an average of $1.4 billion per hour for the last 15 days
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China cut its holdings of US Treasuries to a 14-year low of $835 billion in June 2023, which represents around 3.4% of the total marketable US Treasuries. This is the lowest percentage since 1999, when comparable data began being collected. Source: Markets Insider

China cut its holdings of US Treasuries to a 14-year low of $835 billion in June 2023, which represents around 3.4% of the total marketable US Treasuries. This is the lowest percentage since 1999, when comparable data began being collected.
Source: <a href="/MktsInsider/">Markets Insider</a>
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While China's crude oil imports were the second highest ever in August, the US has significantly drawn down it's strategic petroleum reserve. Source: EIA

While China's crude oil imports were the second highest ever in August, the US has significantly drawn down it's strategic petroleum reserve. 
Source: <a href="/EIAgov/">EIA</a>
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The Chinese Yuan has surpassed the Euro for the first time in trade settlements through SWIFT – as of the results for September. Source: Swift

The Chinese Yuan has surpassed the Euro for the first time in trade settlements through SWIFT – as of the results for September. 
Source: <a href="/swiftcommunity/">Swift</a>