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New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
A group of heavy hitters in the cryptocurrency space are backing a new, regulation-focused stablecoin, the Global Dollar (USDG), which aims to return yield earned on its reserve assets to participants who help accelerate its adoption. Dubbed the Global Dollar Network, the original partners are Anchorage Digital, Bullish (the owner of CoinDesk), Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood. The USDG stablecoin is issued out of Singapore by Paxos, and is “substantively compliant” with the Monetary Authority of Singapore's upcoming stablecoin framework, according to a press release. “This is meant to really ... (full story)
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- Posted: Nov 4, 2024 5:56pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 109
