A consortium, including Robinhood and Kraken, launched the Global Dollar Network to promote stablecoins.

A consortium of financial tech and cryptocurrency companies, including Robinhood and Kraken, has launched the Global Dollar Network to promote the use of stablecoins worldwide. The initiative features a new stablecoin, USDG, issued by Paxos in Singapore and pegged to the U.S. dollar. The network aims to enhance transparency and efficiency in the stablecoin market while providing economic benefits to its partners. Businesses can join by contacting the network's team.

November 04, 2024
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