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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
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$ALGO boosts more than 12% after unveiling Fiat Chain launch plans
$ALGO, the native token powering a diverse range of applications across the Algorand ecosystem, is up above 12% in the past 24hours, & now trades around $0.17621, with inflow of $48.24M, & trading volume of $72.15M, as per Gate.io chart.
The Algorand Foundation has recently unveiled plans for "Fiat Chain" a new type of blockchain, geared towards institutional use cases & using only stablecoin currencies. The new chain borrows from ALGO's proven tech with focus on instant finality, scalability & security. Algorand dApps will work perfectly on the Fiat Chain & vice versa, with both sharing the same developer toolkit, enabling devs to build native cross-chain dApps with a great user experience & full chain abstraction.