Gnosis Chain Positions Itself as Universal Hub for Local Currency Stablecoins
Gnosis Chain Positions Itself as Universal Hub for Local Currency Stablecoins
🌍 Beyond USD stablecoins
Gnosis Chain is positioning itself as the primary blockchain for local currency stablecoins beyond USD-denominated tokens.
The platform aims to become the settlement layer where all foreign exchange transactions occur. Key services include:
- Liquidity provision for various local currency pairs
- Use case development to expand stablecoin utility
- Distribution support for broader adoption
Gnosis emphasizes that monetary systems extend beyond the US dollar, targeting a more diverse stablecoin ecosystem. The initiative appears focused on creating infrastructure for regional currencies rather than competing solely in the USD stablecoin market.
The team is actively seeking partnerships and collaborations to build this multi-currency stablecoin infrastructure.
We're on it. Gnosis Chain will be the stablecoin chain for all local currencies, where all fx settles. We provide liquidity, enable use cases, and help with distribution. DM us 📨
I think one of the biggest opportunities to exist right now is foreign backed stablecoins and fx onchain. The rails are coming into place, very soon it will only be the execution that’s needed.
There's more to money than USD. Gnosis is for all local currency stablecoins.
Ethereum still leads, but the next era of stablecoins may hinge on who controls the rails
Ormi Subgraphs Expands to Gnosis Chain for Real-Time Data Access
**Ormi Subgraphs now supports Gnosis Chain**, expanding its real-time blockchain data infrastructure to another major network. This integration provides developers with: - **Sub-20ms latency** for data queries - **1000+ queries per second** capacity - **Guaranteed uptime** backed by full SLA The expansion follows Ormi's previous partnership with Fantom, where it addressed slow and unreliable subgraph hosting issues. **Key benefits for developers:** - Fast, reliable blockchain data indexing - Real-time query capabilities - Enterprise-grade performance guarantees Developers can now build applications on Gnosis with confidence in their data infrastructure reliability. [Get started with Ormi](https://docs.ormi.xyz/0xgraph)
Spark Finance Airdrop Now Live for Gnosis Users
The Spark Finance ($SPK) airdrop is now available for eligible Gnosis Chain users. Qualification criteria: - SparkLend deposits of $100+ before April 15, 2025 - Holding 1,000+ xDAI on Gnosis Chain by April 15, 2025 - $5,000+ in stablecoin deposits on Aave (Gnosis Chain) by March 15, 2025 Claims can be made at [app.spark.fi/SPK/airdrop](http://app.spark.fi/SPK/airdrop) Check your eligibility and claim your tokens now.
Crypto Solving Real Financial Challenges
Recent developments highlight practical applications of cryptocurrency in everyday financial transactions: - Real-world implementation demonstrated by @functi0nZer0 showcases crypto's ability to address concrete financial challenges - Gnosis Pay partnership with @monerium enables seamless transition between on-chain and real-world transactions - Users can now easily move and spend digital assets in everyday situations *Key Innovation*: Bridge between traditional finance and crypto becoming more accessible and practical.
Gnosis Team Announces Packed Schedule for Devcon Week in Bangkok
The Gnosis Chain team has arrived in Bangkok for Devcon and related events. Key highlights include: - **Devconflict Forum** (Nov 9-10): Open discussions on Ethereum's challenges - **Notable Talks**: • Koeppelmann on Why Gnosis Chain isn't an L2 • SCBuergel's fireside chat with Vitalik Buterin • Gnosis AI team workshop on Prediction Markets - **Multiple Venues**: Team members will be present at ETHGlobal Bangkok, Pragma, Oracle Summit, and various ecosystem events *Developers can participate in the ETHGlobal Bangkok Hackathon to build cross-chain apps and DeFi solutions on Gnosis Chain.*