All by tag: Stablecoin

According to anonymous sources, Facebook’s parent company will add support for USDT and USDC

The new feature works similarly to a traditional fiat bank account

The asset will be backed by gold and will be launched in Q3

Department officials noted that this type of asset is used as cash on the blockchain

The payment giant also announced a partnership with crypto exchange OKX

The revocation of the guidelines will accelerate the adoption of cryptocurrency banking

In turn, the European Commission said that the bank misinterpreted the norms of the law, and in its current form it is already capable of protecting the bloc’s economy

Several other financial institutions and crypto service providers are partners in the project

In this way, the central bank seeks to reduce risks to financial stability and the effectiveness of monetary policy

The funds will be used to increase the availability of stablecoin payments

The new asset, fully backed by short-term US Treasuries, was announced by the project team in March

The network uses the GHO stablecoin as an asset to pay transaction fees