BLX Blockchain to Implement Stablecoins for 162 Global Currencies: Pioneering the Largest P2P Digital Asset Release Ever

September 28, 2023

BLXq Network Prepares for Groundbreaking Stablecoin Rollout by Q4 2023

[Wyoming, USA] - BLX Blockchain, the team behind blx.org, announced today a transformative initiative that will set a historic benchmark in the cryptocurrency space: the introduction of stablecoins for 162 global currencies. This ambitious move will cement BLX's place as the orchestrator of the world's most extensive P2P digital asset release to date.

In a calculated strategy to accommodate this vast influx of stablecoins, they will be deployed on the BLXq Network—a recent and intentional forking from the main BLX Blockchain. This innovation is seamlessly integrated and compatible with both government transparency initiative and Central Bank Digital Currency (CBDC) implementations globally.

To streamline operations and increase efficiency, all transactions on the new BLXq network will require BLXq as the gas fee, ensuring quick and cost-effective transactions.

UAB Coexstar, a European based entity with a crypto exchange and crypto-wallet license, has been handpicked by BLX as the official exchange and liquidity partner. This collaboration promises to ensure smooth transactions and high liquidity for all the stablecoins introduced.

Further elevating the ecosystem's robustness is the partnership with xCoin. Identified as a dedicated decentralized exchange wallet (DEX), xCoin is gearing up for a pivotal transformation—hosting only stablecoins exclusively by 2024. As part of this strategy, xCoin is set to roll out BLX stablecoins by Q1 2024.

In the face of a bear market, BLX Blockchain stands resilient and forward-looking. Their venture into the stablecoin realm is more than just a technological feat—it's a symbol of their commitment to fostering opportunities during industry challenges. This colossal undertaking stands as an offer of support to government agencies worldwide, whether for transparency initiatives or for CBDC mandates.

"Within the blockchain sphere, we understand the immense potential and obligation attached to this venture. We aim to transform global perceptions and applications of stablecoins. With this extensive launch, we're not merely breaking barriers; we're sculpting the future." said Rien, BLX Blockchain Engineer.

Despite the industry's inherent uncertainties, BLX's stablecoin implementation is a testament to their unwavering belief in the transformative power of cryptocurrency. The world waits with bated breath to witness what promises to be a defining moment in the history of crypto and blockchain.