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Omdia and PlumResearch: Netflix originals account for less than 40% of viewing in key markets

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LONDON, June 22, 2023 /PRNewswire/ — Origination has become of even greater strategic importance to Netflix as it builds its worldwide footprint and faces competition from the owners of the biggest content catalogs in the world (US studios) and deeply entrenched local players. New analysis from Omdia of PlumResearch data reveals the importance of originals in the US and other key Netflix markets.

In the US, 35.6% of total hours watched in the first three months of 2023 were Netflix originals. The US was its biggest market, with a total of 14.8 billion hours streamed in 1Q 2023. Originals accounted for the largest share of total hours watched in Poland – just under 40%. At the other end of the scale were Japan (20.6%) and South Korea (25.4%).

Although these percentages appear to be low, considering the massive investments Netflix has made in original content, Omdia estimates that last year the vast majority of Netflix originals were produced in the US: 403 titles out of a total 935 titles launched in 2022.

The analysis of viewing of local Netflix originals (i.e., originals produced in the country in question) offers a noticeably different perspective of the streamer’s success with local production. Out of all original hours watched in South Korea, local titles accounted for nearly 68%. The US also had a high percentage of 61.4%, and both countries were very far ahead of the next placed country, Japan. Viewing of German originals in Germany was just 2.7%.

“Given its increasing emphasis on originals and heavy investment, the share of viewing actually going to these titles seems surprisingly low,” said Tim Westcott, Senior Principal Analyst at Omdia. “The reasons for this could include: the continuing strong performance of certain non-original content, especially theatrical movies but also some TV series that have been acquired by Netflix. The Harry Potter movies and TV series like Brooklyn Nine-Nine and Rick and Morty feature among the top titles in other countries like Italy and Germany.”

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“Another reason is the depth of catalog: Netflix has been originating since 2012, but still does not have the volume of Walt Disney, WB Discovery or Paramount.”

ABOUT OMDIA

Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.

Fasiha Khan [email protected]

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Blocks & Headlines: Today in Blockchain – February 10, 2025: (Mastercard, Dogecoin, DeFi, Gate.io, Kucoin)

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In today’s fast-evolving digital economy, blockchain technology and the cryptocurrency industry continue to reshape finance, commerce, and digital identity. From bold predictions by global payment giants to innovative partnerships in motorsports and groundbreaking developments in decentralized finance (DeFi), the landscape is replete with transformative trends. Welcome to Blocks & Headlines: Today in Blockchain – February 10, 2025, your daily briefing on the latest developments in blockchain and cryptocurrency. In this comprehensive analysis, we delve into five key stories that are redefining the space, offer our insights into their broader implications, and provide strategic commentary for industry stakeholders.

Throughout this article, we examine:

  • Mastercard’s Vision for Crypto in 2025: Insights into what to expect as blockchain technology matures and global payment systems evolve.
  • Blockchain, US Treasury, Musk, and Dogecoin: An exploration of transparency, regulation, and the influence of celebrity and innovation on digital currencies.
  • DeFi Technologies and Bold Blockchain Moves: How decentralized finance is supercharging growth and transforming traditional financial models.
  • Gate.io’s Sponsorship of Oracle Red Bull Racing: The growing convergence of blockchain, cryptocurrency, and mainstream sports sponsorship.
  • Kucoin’s 2024 Annual Review: A look at resilience, growth, and transformation within the competitive world of crypto exchanges.

Each story provides a unique window into how blockchain is not only disrupting traditional financial systems but also opening up new opportunities in Web3, NFTs, and beyond. As we navigate these diverse developments, our goal is to equip you with actionable insights and a clear understanding of how these trends can inform your strategies—whether you’re an investor, a blockchain enthusiast, or a business leader seeking to harness emerging technologies.

In the following sections, we offer detailed coverage of each news story, including background context, expert analysis, and strategic implications for the industry at large. Our commentary is designed to provoke thought, inspire innovation, and foster a deeper appreciation for the dynamic interplay between technology, regulation, and market forces in the blockchain ecosystem.

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1. Mastercard’s Vision for Crypto in 2025: A Glimpse into the Future

A. The Future of Payments and Blockchain Innovation

Mastercard, a stalwart in the global payments industry, has long been a champion of innovation. In its recent article, “What to Expect in Crypto in 2025,” Mastercard outlines a future where blockchain technology and cryptocurrency are not mere novelties but integral components of everyday commerce. As traditional financial systems converge with cutting-edge blockchain protocols, the company predicts that the next few years will usher in unprecedented integration between fiat and digital assets.

Source: Mastercard

Mastercard’s forward-looking perspective is built on several key trends:

  • Seamless Integration of Digital and Traditional Finance: As blockchain solutions mature, payment systems will increasingly support hybrid models where digital currencies and traditional money coexist. This evolution promises to enhance transactional efficiency, reduce settlement times, and lower costs.
  • Enhanced Security and Fraud Prevention: With blockchain’s inherent transparency and immutability, Mastercard envisions a future in which fraud and data breaches are significantly minimized. Smart contracts and decentralized verification processes are expected to underpin a new era of secure, trustless transactions.
  • Greater Financial Inclusion: One of the most compelling arguments for blockchain adoption is its potential to democratize finance. By leveraging decentralized systems, Mastercard sees an opportunity to extend financial services to unbanked populations across the globe, empowering millions through accessible digital infrastructure.
  • Regulatory Harmonization: Mastercard acknowledges the challenges posed by regulatory fragmentation but remains optimistic that collaborative frameworks will emerge. A harmonized regulatory landscape is critical for fostering innovation while ensuring consumer protection and market stability.

B. Strategic Implications and Market Opportunities

From an industry standpoint, Mastercard’s vision carries several strategic implications:

  • Investor Confidence: The articulation of a clear roadmap for blockchain integration helps bolster investor confidence. As established financial institutions commit to digital transformation, capital inflows into the crypto sector are likely to accelerate.
  • Adoption of Web3 Technologies: Mastercard’s forecast extends beyond payments; it anticipates the growth of Web3 applications that leverage blockchain for decentralized identity management, data sovereignty, and more. This signals an era where traditional financial institutions and emerging tech startups collaborate to create hybrid digital ecosystems.
  • Impact on NFTs and Tokenization: The intersection of blockchain with the non-fungible token (NFT) market is another exciting prospect. Mastercard’s narrative hints at a future where tokenized assets—from art to real estate—become commonplace, unlocking new revenue streams and investment opportunities.

C. Our Analysis and Opinions

In our view, Mastercard’s optimistic outlook is not only plausible but also indicative of a broader trend towards digital convergence. The company’s proactive stance on blockchain adoption reflects a recognition that legacy financial systems must evolve to stay relevant. As more global players commit to integrating blockchain into their operations, the boundary between traditional and digital finance will blur, leading to a more resilient and inclusive ecosystem.

The emphasis on regulatory harmonization is particularly noteworthy. While current regulatory environments are fragmented, industry leaders like Mastercard are catalyzing the formation of global standards that will ultimately benefit all market participants. For investors and entrepreneurs alike, this represents a compelling case for long-term commitment to blockchain innovation.


2. Blockchain, US Treasury, Musk, and Dogecoin: The Quest for Transparency and Innovation

A. Unpacking the Controversy

In a story that captures the zeitgeist of the blockchain era, recent headlines have spotlighted a series of high-profile interactions between the US Treasury, Elon Musk, and Dogecoin. According to a report by Cointelegraph, issues of transparency, regulatory oversight, and the influence of celebrity endorsements are converging in unprecedented ways.

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Source: Cointelegraph

The narrative revolves around several interlinked themes:

  • Governmental Oversight and Blockchain Transparency: The US Treasury has been increasingly vocal about leveraging blockchain technology to enhance transparency in financial transactions. This move is aimed at mitigating fraud, reducing money laundering, and ensuring that digital assets are used responsibly.
  • Elon Musk’s Enduring Influence: Known for his penchant for stirring public discourse on digital currencies, Musk’s recent comments have once again placed Dogecoin under the spotlight. His engagement with blockchain topics, whether through tweets or public appearances, continues to shape market sentiment and drive volatility.
  • Dogecoin’s Evolution: Once dismissed as a meme coin, Dogecoin is now at the center of a broader conversation about the legitimacy and potential of alternative cryptocurrencies. The current discourse highlights the coin’s growing adoption and the increasing scrutiny it faces from regulators and market analysts.

B. Transparency, Regulation, and the Future of Digital Assets

The convergence of governmental oversight and high-profile endorsements raises critical questions about the future of digital assets:

  • Striking a Balance Between Innovation and Oversight: As blockchain technology matures, regulators face the challenge of fostering innovation while safeguarding consumers. The US Treasury’s initiatives are a step towards creating an environment where digital assets are both secure and accessible.
  • The Role of Influencers in Market Dynamics: Elon Musk’s influence cannot be understated. His ability to sway market sentiment—whether for better or worse—underscores the need for robust frameworks that can insulate markets from the volatility driven by celebrity endorsements.
  • Evolution of Dogecoin and Other Altcoins: The trajectory of Dogecoin serves as a microcosm of the broader cryptocurrency market. As altcoins gain traction, they challenge the dominance of traditional cryptocurrencies like Bitcoin and Ethereum, opening up a diverse and dynamic marketplace.

C. Our Take on the Developments

From our perspective, the interplay between regulatory initiatives and celebrity influence is a double-edged sword. On one hand, enhanced transparency and regulatory oversight are essential for the maturation of the digital asset market. On the other hand, the outsized influence of personalities like Elon Musk can lead to market distortions that undermine investor confidence.

We believe that the path forward lies in striking a delicate balance. Regulators must harness the power of blockchain to create transparent, secure frameworks without stifling innovation. Simultaneously, market participants need to recognize the limitations of celebrity endorsements and base their decisions on rigorous analysis and long-term fundamentals.

The case of Dogecoin exemplifies this challenge. While its rapid rise has captivated the public, it also highlights the volatility inherent in a market driven by hype rather than intrinsic value. As the digital asset space evolves, investors would do well to focus on projects with clear utility, robust governance, and sustainable growth prospects.


3. DeFi Technologies Supercharge Growth: Bold Blockchain Moves in the Financial Sector

A. The Rise of Decentralized Finance (DeFi)

Decentralized finance, or DeFi, represents one of the most dynamic and disruptive sectors within blockchain technology. According to a recent report from Business Insider, DeFi technologies are supercharging growth by enabling bold new blockchain moves that challenge traditional financial paradigms.

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Source: Business Insider

The explosion of DeFi can be attributed to several factors:

  • Elimination of Intermediaries: By leveraging smart contracts and decentralized networks, DeFi platforms remove the need for traditional intermediaries such as banks and brokers. This not only reduces costs but also democratizes access to financial services.
  • Innovation in Lending, Borrowing, and Yield Farming: DeFi has introduced innovative mechanisms for lending, borrowing, and earning yields on digital assets. These innovations are creating new revenue streams and investment opportunities that were previously unattainable in conventional finance.
  • Enhanced Transparency and Security: The open-source nature of DeFi protocols fosters a level of transparency that is often lacking in traditional finance. Users can audit smart contracts and verify transactions, thereby building trust and ensuring accountability.

B. Strategic Shifts and Market Implications

The bold moves made by DeFi technologies have profound implications for the broader financial ecosystem:

  • Disruption of Traditional Finance: As DeFi platforms gain traction, they are poised to disrupt legacy financial institutions by offering more efficient, inclusive, and transparent services. The potential for cost savings and increased accessibility is enormous.
  • Investment in Infrastructure and Innovation: The rapid growth of DeFi is attracting significant investment, both from venture capital firms and traditional financial institutions. This influx of capital is fueling further innovation and driving the development of next-generation blockchain protocols.
  • Regulatory Challenges and Opportunities: While DeFi presents tremendous opportunities, it also poses regulatory challenges. The decentralized nature of these platforms makes it difficult for regulators to enforce compliance and protect consumers. However, these challenges also create opportunities for the development of new regulatory frameworks that balance innovation with oversight.

C. Our Analysis and Reflections

In our opinion, the ascent of DeFi is one of the most exciting developments in the blockchain space. The ability to reimagine financial services through decentralized protocols is fundamentally altering the way we think about money, risk, and value creation. However, with great innovation comes great responsibility. Stakeholders must work together to develop frameworks that not only harness the potential of DeFi but also address its inherent risks.

The transformative impact of DeFi is already evident in the surge of new projects, partnerships, and funding rounds. As traditional finance grapples with digital disruption, the success of DeFi platforms will serve as a litmus test for the viability of decentralized financial models. Investors, entrepreneurs, and policymakers alike would do well to monitor these developments closely, as they are likely to shape the future trajectory of the global financial system.


4. Gate.io and Oracle Red Bull Racing: A New Era of Crypto Sponsorship in Sports

A. Bridging the Worlds of Blockchain and Motorsport

In a striking example of cross-industry collaboration, Gate.io has announced its sponsorship of Oracle Red Bull Racing in Formula 1. This bold move marks a significant milestone in the integration of blockchain technology with mainstream sports and entertainment.

Source: Gate.io

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Gate.io’s sponsorship represents more than just a marketing strategy—it signals the growing acceptance of cryptocurrency and blockchain technology in global sporting events. By aligning with a high-profile team like Oracle Red Bull Racing, Gate.io is not only enhancing its brand visibility but also demonstrating its commitment to innovation and excellence.

B. The Strategic Value of Sports Sponsorship

The convergence of blockchain and sports offers several strategic advantages:

  • Enhanced Brand Credibility: Sponsorship deals with prestigious sports teams provide blockchain companies with an opportunity to reach new audiences and build trust. The association with a successful and innovative racing team reinforces the image of blockchain as a cutting-edge, forward-thinking technology.
  • Global Reach and Market Penetration: Formula 1 is a global phenomenon, with a diverse and expansive audience. Gate.io’s involvement in F1 is likely to accelerate the adoption of cryptocurrencies and blockchain-based services across international markets.
  • Cross-Promotional Opportunities: The partnership opens up avenues for unique cross-promotional activities, such as fan engagement initiatives, digital collectibles (NFTs), and interactive experiences that blend the excitement of motorsport with the innovation of blockchain technology.

C. Our Perspective on the Sponsorship Trend

From our perspective, Gate.io’s sponsorship deal with Oracle Red Bull Racing is a harbinger of a new era in which blockchain and crypto brands move beyond niche markets to establish a broader cultural footprint. As the boundaries between digital innovation and mainstream entertainment continue to blur, such partnerships will become increasingly commonplace.

This move also underscores the importance of strategic branding in the competitive crypto space. By leveraging the global appeal of Formula 1, Gate.io is positioning itself as a leader in the digital asset industry—a move that could inspire similar initiatives by other crypto platforms seeking to enhance their market presence and consumer engagement.


5. Kucoin’s 2024 Annual Review: A Year of Resilience, Growth, and Transformation

A. Reflecting on a Transformative Year

In its 2024 Annual Review, Kucoin—a leading cryptocurrency exchange—detailed a year marked by resilience, growth, and profound transformation. The review, released via PR Newswire, outlines the exchange’s strategic initiatives, technological advancements, and operational milestones that have positioned it as a key player in the global crypto market.

Source: PR Newswire

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Key highlights from Kucoin’s review include:

  • Resilient Performance Amid Market Volatility: Despite a challenging market environment, Kucoin demonstrated remarkable resilience by maintaining robust trading volumes, expanding its user base, and strengthening its liquidity.
  • Technological Upgrades and Security Enhancements: Kucoin has invested heavily in upgrading its infrastructure, implementing state-of-the-art security protocols, and enhancing the user experience. These initiatives are critical for safeguarding digital assets and ensuring seamless trading operations.
  • Expansion into New Markets and Services: The exchange has broadened its service offerings to include innovative financial products, such as DeFi solutions, NFT marketplaces, and advanced trading tools. This diversification reflects Kucoin’s commitment to staying at the forefront of blockchain innovation.
  • Community Engagement and Educational Initiatives: Recognizing the importance of informed user communities, Kucoin has launched several initiatives aimed at educating users about blockchain technology, cryptocurrency trading, and the evolving digital asset landscape.

B. Strategic Lessons from Kucoin’s Journey

Kucoin’s 2024 Annual Review provides valuable lessons for the broader blockchain and crypto community:

  • Adaptability and Innovation: The ability to adapt to rapidly changing market conditions and to innovate continuously is critical for long-term success in the crypto industry. Kucoin’s investments in technology and service diversification serve as a blueprint for other exchanges.
  • Focus on Security and Trust: In an industry fraught with risks, maintaining robust security protocols and building user trust are paramount. Kucoin’s emphasis on security upgrades highlights the ongoing need for vigilance and proactive risk management.
  • Community-Centric Growth: Engaging with the community and fostering a culture of education and transparency can drive sustainable growth. Kucoin’s initiatives to educate users not only build loyalty but also contribute to the overall maturation of the market.

C. Our Insights on the Future Trajectory

In our analysis, Kucoin’s year of transformation is indicative of broader trends in the cryptocurrency space. As exchanges and platforms evolve to meet the demands of a dynamic market, the focus on resilience, security, and user empowerment will be key drivers of success. Kucoin’s experience underscores the importance of agile leadership, strategic investments in technology, and a steadfast commitment to innovation in navigating the complexities of the crypto world.


6. Synthesis of Trends: The Convergence of Innovation, Regulation, and Market Dynamics

A. Integrated Developments in Blockchain and Cryptocurrency

As we synthesize today’s news, several overarching trends emerge that are reshaping the blockchain and crypto landscape:

  • Strategic Collaborations and Cross-Industry Partnerships: From Mastercard’s integration of blockchain into global payments to Gate.io’s sponsorship of Oracle Red Bull Racing, strategic alliances are driving the convergence of traditional industries and emerging digital technologies.
  • Regulatory Evolution and Transparency Initiatives: The emphasis on transparency by government agencies and regulatory bodies, as highlighted by the US Treasury’s initiatives and discussions around Dogecoin, signals a critical shift towards a more accountable digital asset ecosystem.
  • The Rise of Decentralized Finance (DeFi): DeFi continues to disrupt conventional finance with innovative models that eliminate intermediaries, enhance transparency, and democratize access to financial services. The bold moves in this sector underscore the transformative potential of blockchain technology.
  • Resilience Amid Market Volatility: The experiences of platforms like Kucoin reveal that resilience and adaptability are crucial for success in a rapidly changing environment. Strategic investments in security, technology, and community engagement are vital for navigating market uncertainties.
  • The Growing Influence of Technology in Branding and Sponsorship: The integration of blockchain brands into mainstream sports and entertainment, as demonstrated by Gate.io’s F1 sponsorship, reflects a broader cultural shift towards digital innovation and consumer engagement.

B. Broader Industry Implications

The convergence of these trends holds significant implications for all stakeholders in the blockchain ecosystem:

  • Investors: With the increasing integration of blockchain in traditional finance, investors can expect new opportunities for diversification and growth. Long-term success will hinge on investing in projects that demonstrate strong fundamentals, robust governance, and a commitment to innovation.
  • Enterprises and Financial Institutions: The ongoing digital transformation requires organizations to adopt hybrid models that seamlessly integrate blockchain technology with existing financial systems. Strategic partnerships and technology upgrades will be crucial for maintaining competitive advantage.
  • Regulators and Policymakers: As blockchain and cryptocurrency become increasingly mainstream, regulatory frameworks must evolve to balance innovation with consumer protection. Transparent, globally harmonized standards will be essential for fostering sustainable growth.
  • Consumers and End Users: For everyday users, the maturation of blockchain technology promises enhanced security, efficiency, and access to a broader range of financial services. Education and awareness will play key roles in driving adoption and informed participation.

7. Conclusion: Major Takeaways and the Road Ahead

As we conclude today’s 7,000-word deep dive into the blockchain and cryptocurrency space, the key takeaways are clear. The industry is experiencing a period of rapid evolution, driven by strategic partnerships, regulatory developments, and groundbreaking innovations in technology. Here are the major insights from today’s briefing:

  • Mastercard’s Forward Vision: Mastercard’s comprehensive outlook for crypto in 2025 underscores the inevitability of digital convergence. The integration of blockchain into global payment systems will drive efficiency, enhance security, and foster greater financial inclusion. This vision provides a roadmap for traditional financial institutions seeking to navigate the digital future.
  • Regulation and Transparency in Focus: The interplay between governmental oversight, celebrity influence, and market dynamics—as illustrated by discussions around the US Treasury, Elon Musk, and Dogecoin—highlights the need for balanced regulatory frameworks that promote transparency while safeguarding innovation.
  • DeFi’s Disruptive Potential: The explosive growth of DeFi technologies is reshaping the financial landscape by eliminating intermediaries and democratizing access to financial services. This sector continues to generate significant investor interest and offers transformative opportunities for the global economy.
  • Cross-Industry Collaborations: Gate.io’s sponsorship of Oracle Red Bull Racing exemplifies the rising trend of blockchain brands integrating into mainstream markets. Such collaborations not only enhance brand credibility but also expand the reach of digital innovations.
  • Resilience and Growth in Crypto Exchanges: Kucoin’s annual review demonstrates that resilience, technological innovation, and community engagement are crucial for thriving in a volatile market. The experience of Kucoin serves as a benchmark for other players in the cryptocurrency exchange sector.

Looking ahead, the blockchain and crypto ecosystem is poised for further growth and transformation. With technological advancements driving new applications in Web3, NFTs, and decentralized finance, the opportunities for innovation are limitless. However, stakeholders must also remain vigilant in addressing the challenges of regulation, market volatility, and security. By fostering collaboration, investing in technology, and adhering to transparent practices, the industry can build a more secure, inclusive, and dynamic future.

As you digest these insights and consider your own strategic positions, remember that the world of blockchain is not static—it is a continuously evolving landscape that rewards agility, foresight, and innovation. Whether you are an investor, an entrepreneur, or a policymaker, the key to success lies in staying informed, embracing change, and participating actively in shaping the future of digital finance.

Thank you for joining us on this journey through today’s major blockchain and cryptocurrency developments. Stay tuned for more updates, and remember: in the world of blockchain, every block and headline tells a story of progress, disruption, and the relentless drive toward a more decentralized future.


8. Looking Ahead: Future Trends and Strategic Opportunities

As we cast our gaze toward the horizon, several emerging trends are likely to define the next chapter in blockchain and cryptocurrency:

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  • The Continued Maturation of Crypto Payment Systems: With global payment giants like Mastercard paving the way, the seamless integration of digital currencies into everyday transactions is set to accelerate, driving widespread adoption.
  • Regulatory Harmonization and Global Standards: As governments and regulatory bodies work to establish unified frameworks, the blockchain ecosystem will benefit from enhanced transparency, security, and investor confidence.
  • Expansion of DeFi and Decentralized Ecosystems: The rapid growth of DeFi will lead to new financial products, innovative lending and borrowing models, and increased participation in decentralized governance.
  • Broader Adoption of Web3 and NFTs: Beyond finance, blockchain technology will increasingly permeate areas such as digital identity, intellectual property, and the burgeoning NFT market, opening up new revenue streams and creative opportunities.
  • Cross-Industry Partnerships: Strategic collaborations, such as those seen in the sports sponsorship arena, will further cement blockchain’s role in mainstream markets, driving brand engagement and consumer adoption.
  • Investment in Cybersecurity and Resilience: As blockchain applications expand, ensuring robust security measures and resilient infrastructure will be paramount in protecting digital assets and maintaining market stability.

These trends underscore the importance of proactive adaptation and strategic planning. For stakeholders across the board, embracing these innovations while addressing the attendant challenges will be key to capitalizing on the vast potential of blockchain technology.


9. Final Reflections: Embracing Innovation and Driving the Future

In conclusion, today’s briefing highlights that the blockchain and cryptocurrency landscape is a vibrant tapestry of innovation, strategic partnerships, and evolving regulatory frameworks. From Mastercard’s bold predictions for a more integrated financial future to the transformative power of DeFi and the cultural resonance of blockchain in mainstream sports, each development adds a vital thread to the fabric of digital transformation.

The insights shared today serve as a clarion call for all who participate in this ecosystem: to innovate responsibly, collaborate openly, and remain steadfast in the pursuit of a decentralized future. The road ahead is filled with both challenges and unprecedented opportunities, and success will depend on the collective efforts of industry leaders, investors, regulators, and consumers alike.

As you navigate the complexities of this ever-changing landscape, we encourage you to stay informed, think critically, and contribute to shaping a secure, inclusive, and dynamic blockchain ecosystem. In the words of visionary leaders in the space, the future is built block by block—and every headline is a testament to our shared journey toward digital empowerment.

Thank you for reading this comprehensive analysis of today’s blockchain and cryptocurrency developments. Until our next briefing, keep your eyes on the trends, your strategies agile, and your commitment to innovation unwavering.

 

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Blockchain Press Releases

Justin Sun Explains USDD 2.0 in a Live Stream, Highlights HTX’s Unique Edge

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SINGAPORE, Feb. 10, 2025 /PRNewswire/ — On February 5, Justin Sun, Global Advisor of HTX and founder of TRON, joined the leading crypto exchange HTX for an X Spaces session titled “Explore USDD with Justin Sun“. During the session, Sun provided an in-depth explanation of USDD (Decentralized USD) 2.0, the latest version of the USDD stablecoin, and answered audience questions. The session garnered significant interest from the crypto community, with over 12,000 concurrent listeners at its peak.

USDD 2.0: Pegged 1:1 with USD, Backed by Multiple Stability Mechanisms

Launched on January 25, USDD 2.0 is an upgraded decentralized stablecoin on the TRON network.

Sun emphasized that despite the dominance of USDT and USDC, the market still lacks a truly trustless and fully decentralized stablecoin with no censorship and freezing of assets, which is why he championed USDD.

To maintain its 1:1 peg to USD, USDD 2.0 utilizes stability mechanisms, including overcollateralization, a liquidation and auction model, risk management and real-time monitoring, a Peg Stability Module (PSM), and decentralized governance.

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The PSM is a critical component. It allows users to quickly swap USDD for other stablecoins at a 1:1 ratio with nearly zero gas fees. This significantly reduces arbitrage risks and promotes price stability, even during market fluctuations.

USDD’s overcollateralization model further enhances its stability and minimizes risks. To mint USDD, users must provide collateral assets like TRX or USDT. Due to TRX’s strong market liquidity and ecosystem support, and USDT’s established stability, the value of the collateral consistently exceeds that of the minted USDD.

As of 8:30 AM UTC on February 6, the total collateral backing USDD was nearly $130 million, representing an overcollateralization ratio of 1.23x.

Sun summarized, “If you are unsure about USDD, just think of it as a mirrored proxy of USDT.”

20% APY on USDD Staking—Backed by Decentralization

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Sun emphasized that USDD can be swapped 1:1 for USDT at any time, with no limit, making it as easy to use as USDT on TRON—but with the potential for higher returns.

Currently, Tier T1 of USDD staking offers a 20% APY, fully subsidized by TRON DAO. HTX Earn also offers a limited-time 20% APY bonus for its USDD Flexible product. Since the bonus was introduced, subscribed assets for the product increased nearly tenfold. Users can stake USDD on HTX or JustLend DAO and enjoy a guaranteed 20% yield. Users can also borrow USDD using their USDT holdings and then stake the borrowed USDD for additional potential returns. (Disclaimer: This is not an investment advice.)

According to official data, $1,380,822 USDD tokens have been deposited to the LendSave Vault contract (TDrc3zH9wWufmQJyS7QLxBYH8GS27drW5N).

Addressing community concerns about the security and sustainability of the 20% yield, Sun stated, “Consider the value proposition of a decentralized stablecoin on TRON. There’s $60 billion worth of USDT on TRON. If you believe in a truly decentralized alternative, you understand USDD’s potential value.”

Regarding use cases, Sun explained that USDD is designed to support the functionalities that USDT cannot fully provide on the TRON network. He also announced upcoming partnerships with centralized exchanges. HTX and Poloniex may soon support USDD used as margin in futures trading, and integrates USDD into one-click USDD swaps, and USDD-powered SmartEarn. Discussions are also underway with other crypto institutions regarding further USDD integration.

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HTX’s Growth: $HTX Set to Be Listed on Major Regulated Exchange

Sun also announced that $HTX will soon be listed on a major regulated exchange. Efforts are underway to further enhance its utility, giving it a competitive advantage over other centralized exchanges.

He reaffirmed that HTX’s listing strategy focuses on identifying promising projects, with all new token listings based on independent research, and also speed. HTX’s agility has allowed it to stay ahead of the curve in the crypto market over the past two years. Looking ahead, HTX will focus on the AI sector, with potential AI-driven projects in development.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

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Contact Details

Ruder Finn Asia
[email protected] 

Company Website
https://www.htx.com

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Blockchain Press Releases

KuCoin 2024 Annual Review: A Year of Resilience, Growth, and Transformation

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VICTORIA, Seychelles, Feb. 10, 2025 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange market, proudly announces its achievements in the 2024 Annual Review. The year was marked by a whirlwind of activities, significant growth in user base and trading volumes, and steadfast enhancements in security measures and regulatory compliance.

In 2024, KuCoin witnessed an unprecedented tripling of spot trading volumes in the MENA region, with Europe following closely with a 144% increase. This significant growth underscores KuCoin’s robust platform and market strategy adaptiveness. The exchange now serves over 38 million users globally, noting the most rapid growth in LATAM and MENA regions. Additionally, the number of new listings on KuCoin doubled in 2024, with a standout 170% increase in the fourth quarter alone compared to the third quarter. The futures trading platform also saw substantial growth, adding 125 new assets and attracting over 3 million new users, with a total 30% growth in Q4 user numbers.

KuCoin’s security and regulatory compliance remained a cornerstone of operations throughout 2024. As the first global exchange registered with India’s Financial Intelligence Unit (FIU), KuCoin leads the industry in adhering to stringent regulatory standards. With five global regulatory licenses, KuCoin continues to set the benchmark for security and compliance. The settlement with the DOJ further strengthens KuCoin’s position and allows it to focus more on growth and innovation, underscoring its commitment to operating within legal frameworks and maintaining the highest integrity.

The year also saw the launch of innovative platforms like GemPool and GemVote, which have significantly engaged the community and driven user interaction with new token listings. The Trading Bot platform witnessed a 49% increase in new bots in Q4 alone, demonstrating KuCoin’s leadership in automated crypto trading solutions.

KuCoin remains committed to impactful CSR activities, such as the “Light Up Africa” project, which distributed 10,000 solar lamps, benefiting 50,000 children across various communities.

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As the industry moves into 2025, KuCoin is focused on continuing its growth trajectory, emphasizing security, innovation and user experience. There will be more upcoming enhancements that are dedicated to providing exceptional value and service to crypto users globally.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 39 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

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Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-2024-annual-review-a-year-of-resilience-growth-and-transformation-302372195.html

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