Paxos Issues New Yield-Bearing Legally Compliant Stablecoin
Paxos issued a new stablecoin, the Global Dollar (USDG), which is legally compliant with Singapore’s monetary laws. Unlike other legally compliant stablecoins, USDG will distribute a large portion of the interest earned on reserves to market participants that help...
Singapore Regulator Unveils Plan to Develop, Commercialize Tokenized Assets
The Monetary Authority of Singapore (MAS) is advancing tokenization in financial services by launching Project Guardian, a collaborative initiative involving major financial institutions to develop and commercialize tokenized assets, including fixed income and funds....
Bitwise CIO: US election is going to be a speed bump or wind gust for crypto
Bitcoin’s value has risen over 400% between 2020 and 2024 Solana has increased in value by nearly 4,500% from $1.49 to around $166 in four years This trajectory of positivity will continue beyond the 2024 US elections, according to Matt Hougan Bitwise’s CIO has said...
Reserves Threatened: China Urged to Dedollarize Its $3.3 Trillion Forex Stash
Economists are calling on China to curb the risks associated with holding over $3.3 trillion in its forex reserves. The concerns are directed at the possible measures the upcoming U.S. president might take against the country, including tariffs and unilateral...Interesting 13
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