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Nu MoonNew Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies
The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei. Source link
Tokenized Treasuries Like Blackrock’s (BLK) BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them, JPMorgan (JPM) Said
The report also said the amount of “idle cash” within stablecoins is hard to calculate, but it is unlikely to “represent the majority of the stablecoin universe.” For this reason, tokenized treasuries, such as Blackrock’s BUIDL, will likely only replace a small part of the stablecoin market, JPMorgan noted. Source link
Nu Moon- AI Fashion
- October 24, 2024
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Stablecoins Could Be a $5-$10 Trillion Market, Will Be Integral Part of the Global Financial System
Stablecoins are one of the most popular innovations in crypto, bridging government-issued fiat currencies on traditional financial rails with blockchain-based digital assets, facilitating trading and transactions. Taken together, all stablecoins have a market capitalization of about $170 billion. Because of their non-volatile nature combined with blockchain’s speed and near-instant settlements, they are increasingly used…
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