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BREAKING: Because You Clearly Haven’t Had Enough Stablecoins Yet, Another One Is Coming to Ruin Your Life

Crypto NewsStablecoins 1 Doug Martinez August 25, 2024

A cartoon Japanese entertainment giant, represented by a smiling sumo wrestler in traditional attire, holds up a large coin with a smiley face on it while standing next to a cityscape at sunset. In the background, a Web3 network for culture and entertainment is depicted as a sprawling metropolis filled with video game characters, movie cameras, and TV screens.

So, because we all know that what’s missing from our lives is another stablecoin, Progmat and Japanese entertainment giant DMM Group have decided to join forces and create yet another one on the Progmat Coin platform. Because who needs actual value or a legitimate use case when you can just mint some numbers on a computer? I mean, it’s not like this will end in tears for anyone involved (cough Jemima Kelly cough). The stablecoin is going to be used within Seamoon Protocol, Japan’s Web3 network for culture and entertainment. Because what could possibly go wrong with throwing blockchain into the mix of video games, movies, and TV shows? It’s not like it’ll just become a haven for scammers or anything (oh wait…). Anyway, Progmat is providing personnel to help DMM Crypto achieve its goal of enhancing users’ cultural experiences. I’m sure that will end well too.

Source: bitcoin.com

DMM Group and Progmat Collaborate to Create a Regulated Stablecoin
https://news.bitcoin.com/dmm-group-and-progmat-collaborate-to-create-a-regulated-stablecoin
Digital asset platform Progmat and DMM, a Japanese entertainment giant, are collaborating to create a new stablecoin on the Progmat Coin platform. The stablecoin will be used within the Seamoon Protocol, a Web3 network for culture and entertainment. DMM Crypto, a subsidiary of DMM Group, expects to utilize the stablecoin to enhance user experiences and create new opportunities for collaboration within the Seamoon Protocol ecosystem. Progmat, a digital asset infrastructure […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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