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PayPal USD (PYUSD), the stablecoin associated with the American multinational financial technology company PayPal Holdings, Inc., wants to integrate into the decentralized lending protocol Aave (AAVE). PayPal's entry into decentralized finance (DeFi) is timely as the market is anticipating a significant shift in liquidity with the launch of the spot Bitcoin (BTC) Exchange-Traded Fund (ETF) products.
Chainlink is on a weekly rally, regaining its footing after it fell from the price milestone it achieved around the end of last year.
Conversely, InQubeta's (QUBE) AI-backed initiative has contributed to the rush to its ICO and has already raised an impressive sum.
Supporters of InQubeta's (QUBE) can take part in pre-sale and buy tokens here.
InQubeta (QUBE) offering sparks massive token demand
Studies show that artificial intelligence (AI) is becoming a crucial component in every industry, meaning projects that leverage AI could see serious adoption and capitalization in the coming years.
InQubeta is the first DeFi cryptocurrency crowdfunding platform that aims to allow investors to partner with AI startups while creating seed funds for them to grow. InQubeta has gained recognition as the best cryptocurrency contender in the DeFi coin list because of this and its enticing investment models.
InQubeta's custom-built marketplace will serve as a hub for fundraising and investment activities. Developers in the AI space can then raise funds by offering stakes in their projects and minting them as non-fungible tokens (NFTs). These tokenized investment opportunities will be fractionalized and listed on the NFT marketplace, enabling investors to engage based on their financial budgets.
Aave (AAVE) community votes to integrate PayPal's stablecoin
PayPal wants to extend its reach into the broader, more liquidity-rich DeFi world, and Aave is the target. According to reports, a DAO (Decentralized Autonomous Organization) vote on Aave ended on January 11. The vote passed as expected, with 99.98% of the participating AAVE token holders favoring it, placing AAVE as the latest DeFi lending protocol after Curve (CURVE) to host the PayPal stablecoin.
Aave is a protocol that lets users borrow funds without an intermediary. This integration will help synergize with PayPal's stablecoin and strengthen the relationship between PYUSD and AAVE's decentralized multi-collateral stablecoin GHO.
Chainlink's (LINK) 15% rally signals push to new highs
Judging by Chainlink's performance lately, it's safe to say the token has started its push to new highs after its decline from its range high. Since last week, LINK's DeFi coin price has increased by more than 15%, backed by a rise in network activity.
The Chainlink team announced 15 integrations of 6 Chainlink services in the past 30 days, and whales purchased more than 1.2 million LINK tokens in a single day last week.
Conclusion
InQubeta's impressive presale performance has made it a dangerous competitor to established coins. By owning QUBE tokens, investors can get into the booming AI sector at a discount.
Arman Shirinyan
Dan Burgin
Alex Dovbnya
