IOTA to Launch Stablecoin, Focusing on AI Agents and Payments

• IOTA co-founder has hinted that IOTA could launch its stablecoin early next year to underscore its commitment to seamless and efficient payment.
• An analyst has predicted that IOTA could soon explode and hit $3.5 once it breaches its $0.4 resistance level.

Co-founder of IOTA Dominik Schiener has disclosed that IOTA could launch its native stablecoin with vUSD in January 2025. According to him, this groundbreaking initiative would mark the transition of the ecosystem into a payment network.

In addition, Schiener outlined that IOTA would enable several products, including P2P payments, remittances, AI agents, trade finance, etc. Fascinatingly, Schiener’s disclosure was in response to a recent announcement that Ripple has officially launched its RLUSD on global exchanges.

Great work Ripple 👏
IOTA will get its own native stablecoin with $vUSD in January, and we welcome all stablecoins to mint natively on IOTA.
Turning IOTA into a payment network will be a focus in 2025. AI Agents, trade finance, remittances, P2P payments. We will enable it all. https://t.co/4w2DIRBLU6— Dominik Schiener (@DomSchiener) December 17, 2024

IOTA is also working on several high-profile partnership agreements. Recently, it joined hands with the renowned crypto exchange BYDFi to provide global users with safe, more convenient, and cost-effective blockchain services.

Additionally, the team is working on the mainnet launch of the much anticipated Rebased Protocol. Recently, a spokesperson, identified as Kowei, highlighted the technical advantage of the Rebased Protocol and its partnership with governments at the Blockchain Week held in Taipei. Per our previous publication, the Rebased would introduce functionalities to onboard stablecoins to be minted on the network.

IOTA Rebased delivers this promise to IOTA and helps us achieve significantly faster time to market and maturity of our technology stack. It would allow us to scale up our adoption efforts and support our ecosystem to build a new wave of applications that drive significantly more value to IOTA.

More About the Latest Developments and IOTA Price

According to an IOTA enthusiast identified as Salma, IOTA could be looking to integrate with Coinbase’s Rosetta standard to achieve seamless connectivity with exchanges, applications, and wallets. As earlier reported by CNF, these initiatives have positioned IOTA at the forefront of global adoption in the third quarter of 2024.

Meanwhile, the price of IOTA has gone down 9% in the last 24 hours and 7.5% in the last seven days. However, analysts expect an explosive run in the future from the current position of $0.35.

According to analyst Team LAMBO Charts, IOTA’s immediate resistance level is currently found at $0.40. A successful breach of this resistance could see the asset hitting $0.70, followed by a rally to $1. In the mid-term, the asset is expected to surge by more than 450% to hit $2.60.

Joining the discussion, another analyst identified as JustSumCryptoDude has highlighted that the asset’s price could soon react to the two-year accumulation period. In another post, the analyst hinted that whales could likely move profit from XLM, XRP, and HBAR to IOTA. According to him, the asset is set to hit $3.5 once it secures the $1 territory.

Just wait until big pocket traders move that $XLM , $XRP, and $HBAR profit over into $IOTA just sayin…. pic.twitter.com/wmDdzh2SV7— JustSumCryptoDude (@CryptoWarrior01) November 23, 2024

On its daily chart, we recently observed that IOTA has moved above the 50-day and 200-day Exponential Moving Averages at $0.1914 and $0.1710 to form a golden cross. However, the Relative Strength Index (RSI) and Oscillator had confirmed an overbought. Per our observation, this contributed to the ongoing pullback. The asset could retest its support level at $0.30 before making the major move to $1.

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