Based on the Ethereum network, the Carbon team plans to shift the stablecoin protocol on scalable algorithmic model Hedera Hashgraph, once it reaches sufficient liquidity.
The Gemini Dollar and Paxos Standard stablecoin will be pegged to the U.S. Dollar in 1:1 ration. The tokens are built on Ethereum network using the ERC 20 standards.
Cryptocurrency wallet and vault Xapo is the latest recipient of New York’s ‘BitLicense’, arguably the strictest state law governing the crypto sector, from the state’s financial regulator.
Euroclear and Paxos are preparing for the launch of the Bankchain service that is expected to deliver lower costs and lower risk for the London gold market.
The companies are planning to bring instant settlement and simultaneous delivery versus payment to the London bullion market.
Bankchain offers to reduce risk exposure and increase operational efficiency by delivering instantaneous transaction settlement.