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In a Sept. 11 post on X, Mountain Protocol announced the launch of USDM, an ERC-20 yield-bearing stablecoin. Mountain Protocol, granted a digital asset business license by the Bermuda Monetary Authority, can now issue, sell, and redeem USDM. The thread on X (formerly Twitter) claims that the token is fully backed by short-term U.S.
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Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 peg to the United States dollar, Jewel Bank founder and chairman Chance Barnett told Cointelegraph. Called Jewel USD (JUSD), the first stablecoin to be released in the territory is powered by the Polygon blockchain,
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Next, la asociación cripto, está actualmente integrada por 14 compañías de activos digitales que han sido licenciadas por la Autoridad Monetaria de Bermudas (BMA, por sus siglas en inglés), incluyendo Apex Group, Bittrex, BlockFi, Circle y la recientemente licenciada Jewel. De acuerdo a un anuncio compartido con CryptoX, la misión
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Next is currently made up of 14 digital asset companies that have been licensed by the Bermuda Monetary Authority (BMA), including Apex Group, Bittrex, BlockFi, Circle and the newly licensed Jewel. According to an announcement shared with CryptoX, the mission of the association is to help shape the British Overseas
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“The big challenge that happens, let’s say there was a run, let’s say there was a bankruptcy or some major issue. The holder of the stablecoin has no contractual claim on the funds in custody. The only one who does, who has any say, and can control the whole thing
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