Reported 21 days ago
A consortium of financial technology and cryptocurrency companies, including Robinhood, Kraken, and Galaxy Digital, has introduced the Global Dollar Network, featuring a new stablecoin called USDG pegged to the U.S. dollar. This initiative aims to enhance the global usage of stablecoins and is designed to provide economic benefits to its participants. USDG will be issued by Paxos in Singapore and is facing competition from dominant players like Tether and USD Coin. The network promotes access for anyone interested in joining, to foster broader adoption of stablecoin technology.
Source: YAHOO