Helio Protocol: The revolutionary USD Destablecoin backed by BNB

Stablecoins have emerged as one of the most significant innovations in the crypto sector. These stablecoins were seen as the entry point to broad cryptocurrency adoption since they provide a stable store of value compared to more volatile assets such as BTC.

Timeline of Bnb

The Weekly crypto price analysis indicates the entire cryptocurrency market has seen a minor pullback from the recent rally, with most coins trading around their resistance points. Bitcoin price was able to stay above $26,000 for most of the days this week as the coin continued to rebound from its previous high.

BNB, or Binance Coin, is a digital currency launched by the world's largest crypto exchange, Binance, in 2017. The launch of BNB was made possible through an Initial Coin Offering (ICO), which took place from June 26th to July 3rd, 2017.

Binance USD (BUSD) tokens have been subject to a significant sell-off by major whales on the BNB Chain, as the cryptocurrency market experiences a seismic shift in the stablecoin arena.

As the broader cryptocurrency sees most coins registering high gains, BNB is among those with a notable price increase. The token has recovered all past weeks' losses and shows parallel gains from the 30-day to the hourly price increase.

Considered the world's largest Decentralized Exchange (DEX), Uniswap's V3 has now been deployed on the BNB Chain. According to its 15 March disclosure, the integration would allow tokens under the Binance-founded smart contracts blockchain to be swapped on Uniswap's platform.

Following the issuance of a Wells Notice from the Securities and Exchange Commission (SEC) to Binance USD (BUSD) issuer Paxos, the stablecoin has taken a hit in the market. Its market cap plunged rapidly as the firm was ordered to stop issuing new tokens and redemptions of the stablecoin surged.

The value of the binance coin (BNB) is now rising amid a general downtrend in altcoins. BNB was trading at $329 at press time, a gain of 8.7% from its previous closing price over the last 24 hours.

It's been a big week for BNB, the cryptocurrency that power's the Binance Smart Chain. After tumbling to two-month lows late last week in the mid-$260s amid generalized risk-off across asset classes amid concerns about US bank failures, BNB has seen a stunning rebound.

The decentralized exchange Uniswap has officially launched its services on the BNB Chain network.  BNB Chain Welcomes Uniswap The world's largest decentralized exchange has officially launched its services on the EVM-compatible smart contract blockchain, BNB Chain.

Binance Coin [BNB] reacted extremely positively over the past two days of trading. The bullish euphoria over Bitcoin's gains translated across the crypto-market and BNB gained by 20.5% within four days.