Rebirth of England.

On February 2013, 2, Valentine's Day, Anchorage, a company founded by Matrix Capital, launched the USDA stablecoin pegged to the US dollar.

USDA was launched to help BitC investors transfer funds between different exchanges.

Although Mt.Gox currently accounts for more than 70% of global BitC transactions, in addition to Mt.Gox, there are also exchanges including Bitstamp and Kraken. In China, there are also exchanges such as BitC Huaxia, Bitmain, and Huobi.

Before this, if users wanted to transfer assets between different exchanges, they had to withdraw BitC from the exchange and then transfer it from the chain to another exchange. In the process of transferring in and out, BitC was required to be consumed as a handling fee, and the transfer efficiency (time) of BitC was not high.

If the price of BitC was low before, the BitC transaction fee might not be too important, but when the price of BitC rises, every transfer will be painful.

After using USDA and the USDA network, the transfer fees can be ignored.

Anchorage stipulates that the price of USDA will be pegged to the U.S. dollar, that is, 1 USDA is worth 1 U.S. dollar. Users who transfer a certain amount of U.S. dollars to the escrow account will receive an equivalent amount of USDA.

Of course, users do not need to personally carry out this exchange process. Anchorage initially injected $1 million into the escrow account, and then sold the 1 million USDA to users through the exchange. That is to say, when users buy BitC from the exchange, they first use their own currency to exchange USDA at a certain exchange rate, and then use USDA to buy BitC...

Mt.Gox exchange launched USDA as soon as possible, and then their BitC price was displayed in USDA - BitC/USDA trading pair.

In fact, in Barron's previous life, there were many similar stablecoins. The most famous one was the Tether (USDT), which was launched by Tether Limited in 2014 and is also pegged to the US dollar. It was also the most commonly used stablecoin at the time. By 2021, the market value of Tether has exceeded US$600 billion, making it the world's largest stablecoin in circulation.

The reason why JUZHEN Capital established Anchorage to issue USDA is not only to provide "infrastructure" for various subsequent digital currency transactions, but also because if USDA can replace the position of the original USDT, then they can influence the price trend of Coin by controlling the issuance and destruction of USDA.

And at certain times, they can also obtain certain "coinage rights" because of this - just like in the original time and space, although Tether has always claimed that they have a one-to-one cash reserve of US dollars for the USDT they issue, regulators have always believed that the issuance of USDT lacks transparency.

In other words, Tether Limited is suspected of issuing more USDT, and they did not provide sufficient US dollar reserves for the USDT they issued...

Then the company will be able to obtain excess US dollar income during the process of additional issuance - you know, even with these tens of billions of US dollar funds, just investing in US bonds can make them earn considerable income.

In addition to Matrix Capital, the Distributed Foundation, which is also headquartered in Britta, is still absorbing a small amount of BitC after purchasing 50 BitC from the market and sealing it up...

Although Baron's other funds will not participate in this round of BitC bull market speculation, after the price of BitC reaches more than US$1000 in the second half of this year, the Distributed Foundation will also gradually sell part of the BitC they hold, but the amount sold will be controlled within a certain scale at that time.

One of the purposes is to avoid excessive speculation on its price in this round of BitC bull market. After all, such short-term excessive speculation will also harm its long-term development.

In addition, the Distributed Foundation can also control the price of BitC within a benign range by selling BitC at high prices and then buying it at low prices.

The profits they earn can also support other blockchain startup projects. In addition to BitC, the Distributed Foundation has also made a certain amount of reserves for another newly emerging digital currency, LitC.

LitC was launched in 2011 by former Google engineer Charlie Lee. It is similar to BitC but improves on it in some ways, with the goal of providing a faster and cheaper way to trade.

Currently, many exchanges, including Mt.Gox, have launched LitC transactions in addition to BitC...

It is also worth mentioning that Charlie Lee is the younger brother of Li Qiyuan, the CEO of BitC China (BTCC), the largest BitC exchange in China.

Li Qiyuan was the person involved in a conversation with the "well-known economist" Lang Xianping in a talk show in 2014, which led Lang Xianping to create the famous scene of "If you give me BitC, I won't take it."

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Also in Kolo, on February 2, the groundbreaking ceremony for the Ajahara Hydropower Station project was grandly held at the construction site.

Those who attended the groundbreaking ceremony included the presidents, ministers, members of the National Assembly of Kolo and Benin, as well as the Chinese ambassadors to Kolo and Benin.

Kolo President Thomas Kaboré, together with the President of Benin, unveiled the foundation stone of the Ajahara water project.

The Ajahara Hydropower Station is located on the Mono River, the boundary river between Kolo and Benin. For nearly 40 years before this, Kolo and Benin had been raising funds for this hydropower station. After all, the two countries had been suffering from electricity shortages in their countries before, and the completion of this hydropower station would be able to provide considerable electricity output for both countries. However, due to funding issues, the project has been shelved.

According to the plan of this project, the total installed capacity of the Ajahara Hydropower Station is 14.7 kilowatts, and the annual power generation after completion will be 4.61 million kilowatt-hours.

The entire project includes a dam with an average height of 40 meters and a total length of 3700 meters, a 252 kV high-voltage transmission and transformation line with a total length of 161 kilometers, a water diversion system, plant buildings, access roads and other ancillary facilities.

The project is invested by the West African Power Group and constructed by China Hydropower Construction Group. The project construction period is 50 months and the total construction cost is US$5.5 million. All of these funds are provided by the West African Power Group, including a US$2.5 million interest-free loan issued by China Export-Import Bank.

West Africa Power Group will acquire a 70% stake in the Kolo-Benin Hydropower Consortium, which owns the project, while the Kolo and Benin governments will each hold a 15% stake.

The Ajahara Hydropower Station is a large-scale tripartite cooperation infrastructure project agreed upon by the heads of state of China, Kolo and Benin. It is the first cross-border tripartite cooperation project in the West African sub-region. It will effectively strengthen regional energy connectivity and ease the power shortage in Benin and Kolo.

The project can provide nearly 10000 jobs, reduce carbon dioxide emissions by 15 tons per year, promote the balance of domestic power supply structure, significantly reduce electricity prices, create huge economic benefits for the people of the two countries, and continuously improve the material and cultural quality of life of the people of the two countries.