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Revolut now allows users to convert fiat to stablecoins like USDC and USDT without fees, ensuring a 1:1 exchange rate. This new feature also supports stablecoin transfers across various blockchains and offers linked spending options with Visa and Mastercard.
JPMorgan has introduced its own deposit token, JPM Coin, as part of its strategy to expand into the digital asset space. This move aims to facilitate faster and more secure transactions for clients in the evolving financial landscape.
Chinese money laundering networks have gained significant power, processing 20% of global illicit cryptocurrency flows. Their activities have helped money laundering grow from $10 billion in 2020 to over $82 billion in 2022, with various service types evolving to facilitate these transactions.
This article provides a comprehensive list of various crypto-backed stablecoins, including names and associated projects. It highlights options like frxUSD, avUSD, and LUSD, among others. The content is part of a Twitter thread that may be removed at any time.
Societe Generale plans to become the first major bank to issue a publicly tradable, dollar-backed stablecoin named "USD CoinVertible". The stablecoin will be launched on the Ethereum and Solana blockchains, with public trading anticipated to begin in July through its digital asset subsidiary SG-FORGE.
The article discusses Type III stablecoins, focusing on their unique characteristics and implications within the cryptocurrency ecosystem. It analyzes the potential benefits and challenges these stablecoins present in terms of stability, regulatory compliance, and market adoption. The piece aims to provide insights into how Type III stablecoins could influence the future of digital currencies.
Societe Generale has announced plans to introduce a publicly tradable, dollar-backed stablecoin called "USD CoinVertible," making it the first major bank to enter the dollar-pegged cryptocurrency market. The stablecoin will be issued on Ethereum and Solana blockchains, with trading expected to commence in July through its digital asset subsidiary, SG-FORGE.