Robinhood, Galaxy Digital, Kraken, and Paxos Launch New Stablecoin

A consortium of traditional finance and crypto companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, has come together to support a new stablecoin pegged to the U.S. dollar. In a Nov. 5 statement, blockchain infrastructure company Paxos announced that this “open network” is designed to drive global adoption of stablecoins. “The lack of competition in the regulated stablecoin market has prevented the industry from reaching its full potential. USDG upends this dynamic with a more equitable model that will bring mainstream participants into the ecosystem and accelerate new stablecoin use cases,” stated Kraken co-CEO Arjun Sethi. The network’s aim is

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Robinhood, Galaxy Digital, Kraken, and Paxos Launch New Stablecoin

Most Read News

Related News