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Utility Settlement Coin Completes £50m Funding Round
Utility Settlement Coin Completes £50m Funding Round
The founding shareholders of Fnality comprise: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds Banking Group, MUFG Bank, Nasdaq, Sumitomo Mitsui Banking Corporation, State Street Corporation, and UBS. Clearmatics continues in its role as the technology partner to Fnality.
#Fintech#CryptoAssets#AltCoins#Stablecoins#DFC
·marketsmedia.com·
Utility Settlement Coin Completes £50m Funding Round
An economic model for stable crypto-assets
An economic model for stable crypto-assets
To know the Network Effect of a crypto-asset, we have to focus on the value that brings to the final user. The design is built based on the Equation of Exchange, as an economic model of the transaction demand for money.
#CryptoAssets#Stablecoins#DFC
·hackernoon.com·
An economic model for stable crypto-assets
USC Project Seeks to Disrupt Traditional Wholesale Banking
USC Project Seeks to Disrupt Traditional Wholesale Banking
The essence of the USC project is to create blockchain-based cryptocurrencies to make it easier for international banks to settle various transactions between each other. USCs are 100% fiat-backed currencies held in respective central banks with convertibility into fiat currency at par guaranteed at all times.
#Fintech#CryptoAssets#AltCoins#Stablecoins#USC#DFC
·cointelegraph.com·
USC Project Seeks to Disrupt Traditional Wholesale Banking
Coinbase and Circle will no longer be the only platforms to issue and redeem USDC, in new bid to boost stablecoin adoption among institutions
Coinbase and Circle will no longer be the only platforms to issue and redeem USDC, in new bid to boost stablecoin adoption among institutions
Circle, the company behind USDC, has announced it will allow other institutions to issue and redeem the dollar-pegged stablecoin. Until now, Coinbase and Circle have been the only platforms where users can redeem their USDC, having been the sole members of the CENTRE network
#USDC#AltCoins#Stablecoins#Fintech#CryptoAssets#DFC
·theblockcrypto.com·
Coinbase and Circle will no longer be the only platforms to issue and redeem USDC, in new bid to boost stablecoin adoption among institutions
Is Facebook’s Libra the Dollar’s Killer App?
Is Facebook’s Libra the Dollar’s Killer App?
"Facebook's Libra will pay interest to those who hold it at an equivalent rate at which banks earn interest on their deposits at the Fed. Which in turn will make people begin to wonder why the legacy banking system is not so generous with its depositors. This will put populist pressure on banks and new scrutiny on their relationship with the Fed."
#Fintech#CryptoAssets#AltCoins#Stablecoins#Facebook#Libra#DFC
·aier.org·
Is Facebook’s Libra the Dollar’s Killer App?
Facebook to launch Libra Blockchain testnet next week, backed by Libra Reserve
Facebook to launch Libra Blockchain testnet next week, backed by Libra Reserve
Facebook and dozens of partners are set to unveil the Libra Association and Libra Blockchain next week. The Libra Blockchain will be backed by Libra Reserve, a reserve of real assets that will provide the cryptocurrency with “stability, low inflation, global acceptance, and fungibility. The Libra Blockchain will be open-sourced under an Apache 2.0 License as of the day of the announcement, and a testnet will be launched at the same time.
#Fintech#CryptoAssets#AltCoins#Stablecoins#DFC
·theblockcrypto.com·
Facebook to launch Libra Blockchain testnet next week, backed by Libra Reserve
What the rise and fall of Basis Stablecoin tells us about the future of corporate Stablecoins such as Facebook GlobalCoin
What the rise and fall of Basis Stablecoin tells us about the future of corporate Stablecoins such as Facebook GlobalCoin
The Basis stablecoin had huge ambitions – to be the global algorithmic central bank. Despite plenty of cash & brains, Basis failed. This article pieces together the story of what happened and what it means for the Blockchain Economy.
#Fintech#CryptoAssets#AltCoins#Stablecoins#DFC
·dailyfintech.com·
What the rise and fall of Basis Stablecoin tells us about the future of corporate Stablecoins such as Facebook GlobalCoin