“Stablecoins used in the settlement include dollar- and Europe-pegged tokens of Circle, Paxos, Paypal, Ripple and Societe Generale, Among Others.”, – WRITE: www.coindesk.com
MOST OF THE TOKENS WERE MINTED ON THE SOLANA
Network and Predominantly Setted in USDC
(USDC)
The US Dollar Stablecoin Issued by Circle
(CRCl)
with Coinbase Serving as Custodian, The Firm Said in a Tuesday Press Release.
The REST OF THE PROCEEDS WERE SETTLED WITH A RANGE OF DOLLAR- AND EURO-PEGGED TOKENS: Circle’s Eurc, Paypal’s Pyusd, Ripple’s Rlusd on the Xrp Ledger, Paxos’ USDG. EURCV, World Liberty Financial’s USD1, Agora’s Ausd and Allunity’s Eurau. Jefferies Managed The Minting, Conversion and Delivery of the Stablecoins.
Bullish debuted on the new York Stock Exchange Last Week.
The Move Highlights of the Growing Role of Stablecoins, Crypto Tokens with Prices Anchored to Externally Assets Like Fiat Currencies, As Blockchain Adoption Accelerates in Payment. The se Ctor is Also Getting Increating Embedded Into Traditional Finance, with Countries Like the Us encting Rules Under the Genius Act Last MONTH TO REGULATE THE SECTOR. Earlier this year, binance also Opted to Receive A $ 2 Billion Investment from Abu Dhabi Fund MGX in World Liberty’s USD1 Stablecoin.
“We View Stablecoins As One of the most transformative and widespread USE Cases for Digital Assets,” David Bonanno, Chief Financial Officeer of Bullish, Said in A Statement. “Internally, we leverage them for rapid and secure Global Fund Transfers, Especialy on the Solana Network.”
Read More: Wyoming State Debuts US Dollar Stablecoin on Seven Blockchains
X Icon
Jenny Johnson Said She Likes the “Picks and Shovels” of the Industry.
- Franklin Templeton Ceo Jenny Johnson Called Bitcoin A “Fear Currency” and SAID IS A DISTRACTION FROM BLOCKCHAIN’S REAL PETENTIAL.
- Johnson Believes The Best Crypto Investments Lie in Infrastructure – Including Blockchain “Rails,” Consumer Apps and Node Validators.
- She Expects Mutual Funds and Etfs to Eventuly Run on Blockchains But Says Regulatory Risk Is Slowing that Transition.
Read Full Story