Fintech News Singapore

Global Banks Commit US$270 Million to Joint Stablecoin Venture

A consortium preparing to launch a US dollar stablecoin has received around US$270 million in funding commitments, Bloomberg reported, citing people familiar with the plans. The committed funds are expected to cover five years of operations for a new company that plans to issue the digital currency and is expected to be incorporated in the [...] The post Global Banks Commit US$270 Million to Joint Stablecoin Venture appeared first on Fintech Singapore.

By Fintech News Singapore

1 min read
Global Banks Commit US$270 Million to Joint Stablecoin Venture
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