Saturday, November 28, 2020
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Facebook-Led Libra Plans Dollar-Pegged Stablecoin Launch in January 2021: Report

Libra, the Facebook-linked stablecoin targeted continuously by lawmakers, might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket envisioned.According to a report by the Financial Times on Friday, the Libra stablecoin project might actually see the light of day, according to

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TrustToken Taps Chainlink for On-Chain Proof of Reserves for TrueUSD Stablecoin

Stablecoin issuer TrustToken is bringing its proof of reserves system for TrueUSD (TUSD) collateralization levels on-chain. Adding Chainlink to an existing partnership with accounting firm Armanino makes it possible.The transparency measure is meant to provide additional certainty for decentralized finance (DeFi) traders who often rely on asset-backed stablecoins – even

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DefiDollar Raises $1.2M to Be the Risk-Insured Stablecoin Layer for DeFi

India-based DefiDollar has raised $1.2 million in a seed round led by Divergence Ventures, Standard Crypto and Accomplice. The goal: to build an index for hedging the risks associated with different types of stablecoins.DefiDollar believes users need to diversify risks through a stablecoin aggregator. Take, for example, the censorship risks

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JPMorgan’s stablecoin finally sees commercial light of day

A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase's in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments.According to a report on Oct. 27, this real-world proof that the technology is increasing efficiency and reducing costs has bolstered the megabank's

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Signature Bank Gains $1B Deposits in Q3, With Notable Growth From Stablecoin Issuers

The $1 billion in deposit growth from digital asset banking at crypto-friendly Signature Bank was driven in part by the bank holding the dollars backing stablecoins, CEO Joseph DePaolo said on a third-quarter earnings call Tuesday.Prominent stablecoins like USDC, PAX and TUSD are backed by actual dollars held in bank

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