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First Digital Group, a Hong Kong-based qualified custodian and trust company, announced the launch of its First Digital USD (FDUSD) United States dollar-pegged stablecoin on June 1. The new stablecoin is programmable and described as being capable of executing contracts, escrow services and insurance without intermediaries. It will operate on
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The latest blockchain to announce a token redeemable for bitcoin (BTC) is Polkadot. It’s only a proof-of-concept at this point and Polkadot is running but not usable yet, but a company called Interlay has designed a model under a Web3 Foundation grant for locking BTC on the Bitcoin blockchain and minting
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Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token.Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset redeemable for physical gold.” Furthermore, the New York State Department of Financial Services (NYDFS) put
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