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About ASNX

Aave SNX (ASNX) is a cryptocurrency launched in 2020. ASNX has a current supply of 696,519.00 with 0 in circulation. The last known price of ASNX is 2.82 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://aave.com/.

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ASNX Price Statistics
ASNX’s Price Today
24h Price Change
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24h Low / 24h High
$0 / $0
Volume / Market Cap
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ASNX Market Cap
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Fully Diluted Market Cap
ASNX Price History
7d Low / 7d High
$0 / $0
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All-Time Low
ASNX Supply
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Updated Aug 05, 2023 2:30 am
Aave SNX
Mkt Cap $0
There's nothing here for now
Meta's Diem Project Continues to Influence Stablecoin Regulation
Meta's Diem Project Continues to Influence Stablecoin Regulation
According to Bloomberg, the introduction of Meta Platforms Inc.'s Diem project, formerly known as Libra, in 2019 caused significant concern among finance officials. The project, a US-dollar stablecoin, was the first significant challenge to central bank money from digital assets. It was met with immediate and sustained criticism from global authorities until its eventual discontinuation. Diem was intended to revolutionize digital payments, but bank officials saw it as a tech company with the power to issue new money to a large user base, potentially leading to an excessive concentration of economic power. Today, the stablecoin world is in transition, with regulators still focused on preventing a future threat similar to Diem. They are often influenced by their past experiences when forming new regulations. Despite the role regulators see stablecoins playing, they require thoughtful regulation, focusing on the right risks and not allowing past reactions to Libra to unduly influence their approach. Meta's lasting impact is evident in early consultations on stablecoin regulation by the European Banking Authority, which is set to oversee the sector from July. Additionally, regulators like the Financial Stability Board, the Bank of International Settlements, and the Bank of England continue to express concerns about the potential impact of Big Tech entering the stablecoin space. Sarah Breeden, the BoE’s deputy governor, mentioned the possibility of stablecoins being used at scale for retail payments, citing PayPal’s PYUSD, which launched last August, as a clear example. Other stablecoin projects are also on the horizon, with initiatives coming from Deutsche Bank’s DWS, Galaxy Digital, and Ripple Labs.
Apr 21, 2024 7:32 pm

Frequently Asked Questions

  • What is the all-time high price of Aave SNX (ASNX)?

    The all-time high of ASNX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Aave SNX (ASNX) is 0. The current price of ASNX is down 0% from its all-time high.

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  • How much Aave SNX (ASNX) is there in circulation?

    As of , there is currently 0 ASNX in circulation. ASNX has a maximum supply of 0.

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  • What is the market cap of Aave SNX (ASNX)?

    The current market cap of ASNX is 0. It is calculated by multiplying the current supply of ASNX by its real-time market price of 2.82.

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  • What is the all-time low price of Aave SNX (ASNX)?

    The all-time low of ASNX was 0 , from which the coin is now up 0%. The all-time low price of Aave SNX (ASNX) is 0. The current price of ASNX is up 0% from its all-time low.

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  • Is Aave SNX (ASNX) a good investment?

    Aave SNX (ASNX) has a market capitalization of $0 and is ranked #5257 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Aave SNX (ASNX) price trends and patterns to find the best time to purchase ASNX.

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