Stablecoin

Merchant Service Industry Veterans Join LODE Payments International to Fuel Adoption of Stablecoins by More Businesses

Retrieved on: 
Thursday, June 10, 2021
Cryptocurrencies, Stablecoin, Merchant services

BRADENTON, Fla., June 10, 2021 /PRNewswire/ --The fully-regulated and licensed payments company LODE Payments International (LPI), today announced Matthew Brennan as VP of Operations and Steve Trovillo as VP of Business Development.

Key Points: 
  • BRADENTON, Fla., June 10, 2021 /PRNewswire/ --The fully-regulated and licensed payments company LODE Payments International (LPI), today announced Matthew Brennan as VP of Operations and Steve Trovillo as VP of Business Development.
  • As veteran merchant services professionals, these senior executives will spearhead the expansion of LPI's all-inclusive payments platform, LODEpay, to enable businesses to process payments using stablecoins, fiat, and precious metals.
  • "We are confident that both Matthew and Steve are best equipped to lead our growth strategy across merchant networks," said Nick Prouten, Chief Operating Officer at LPI.
  • "Given their successful track records in merchant and payments services, we are excited to bring them on board to push forward LPI's mission to create a more sustainable, stable, and secure payments ecosystem for businesses and consumers alike."

ZK International's Subsidiary's DeFi Project Surpasses $1 Billion in Volume

Retrieved on: 
Thursday, June 10, 2021
Cryptocurrencies, Decentralized finance, Concurrent computing, Distributed computing, Stablecoin, ZK, Ethereum, Dex

WENZHOU, China, June 10, 2021 /PRNewswire/ -- ZK International Group Co., Ltd.(Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"),is pleased to announce that xSigma DEX, a DeFi project by ZK International's subsidiary, xSigma Corporation, surpassed $1 billion of total volume.

Key Points: 
  • WENZHOU, China, June 10, 2021 /PRNewswire/ -- ZK International Group Co., Ltd.(Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"),is pleased to announce that xSigma DEX, a DeFi project by ZK International's subsidiary, xSigma Corporation, surpassed $1 billion of total volume.
  • So far, the project processed over $400 million for stablecoin exchange transactions and over $600 million for liquidity provider transactions.
  • xSigma's team is working on getting the software ready before it finally goes live on the BSC network, focusing on security.
  • Together with ZK International, has launched xSigma as a research and development lab back in 2018 to solve real-world infrastructure challenges.

BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Secures $133k Contract with Blockchain Foundry Inc. for Adoption of Syscoin-Based Assets

Retrieved on: 
Wednesday, June 9, 2021
Cryptocurrencies, Articles, Technology, Science and technology, Decentralization, Bitcoin, Blockchain, Stablecoin

BCFs senior technical team developed the Syscoin protocol and BCF has built substantial proprietary technology which leverages the Syscoin blockchain.

Key Points: 
  • BCFs senior technical team developed the Syscoin protocol and BCF has built substantial proprietary technology which leverages the Syscoin blockchain.
  • BIG and Blockchain Foundry will launch a combined product offering to create scale, transparency, and security for stablecoins.
  • BitRank Verified and QLUE will be integrated within the Blockchain Foundrys on-chain compliance solution and wallet to wallet transaction monitoring capabilities.
  • "Blockchain Intelligence Group is positioned strongly to support present and future mass adoption of stablecoins and supports transparency," said Lance Morginn, President, BIG.

TechX's Portfolio Company Catalyx Announces Listing of the CADX Stablecoin on the Bittrex Global Exchange

Retrieved on: 
Wednesday, June 9, 2021
Cryptocurrencies, Articles, Technology, Money, Stablecoin, Blockchain, Ethereum

Catalyx.io , Canada's premier cryptocurrency exchange with over 40+ altcoins, launched its Canadian dollar fiat-backed stablecoin CADX in 2020 through a partnership with Seattle-based fintech company Stably.

Key Points: 
  • Catalyx.io , Canada's premier cryptocurrency exchange with over 40+ altcoins, launched its Canadian dollar fiat-backed stablecoin CADX in 2020 through a partnership with Seattle-based fintech company Stably.
  • CADX is powered by Stably's ERC20 smart contract technology, which has been audited by a leading US-based blockchain security firm, QuantStamp.
  • CADX is a multi-chain Canadian Dollar pegged stablecoin merging the flexibility, security and speed of cryptocurrency with the stability of fiat.
  • Catalyx is the first Canadian exchange with its own stablecoin called CADX and supports 40+ cryptocurrencies.

GMO-Z.com Trust Company Partners with Wyre to Make the First Regulated JPY Stablecoin Accessible to All Developers

Retrieved on: 
Friday, June 4, 2021
Cryptocurrencies, Stablecoin

GYEN is the first regulated JPY stablecoin approved by the New York State Department of Financial Services (NYDFS).

Key Points: 
  • GYEN is the first regulated JPY stablecoin approved by the New York State Department of Financial Services (NYDFS).
  • Wyre provides developers around the world with a compliant, stable foundation for digital asset payment integrations.
  • GMO Trust, based in New York, is a Limited Purpose Trust Company, regulated by the New York Department of Financial Services.
  • Issuing the world's first regulated JPY stablecoin "GYEN", GMO Trust also offers a USD stablecoin "ZUSD".

Everest Secures VFA License to Provide Regulated DeFi Globally

Retrieved on: 
Thursday, June 3, 2021
Professional services, Data management, Security, Technology, Other Technology, Mobile, Wireless, Finance, Cryptocurrencies, Articles, Technology, Stablecoin, Science and technology, Blockchain, MFSA

In receiving this VFA licence, Everest is the first in the world to provide a fully regulated, programmable stablecoin and integrated infrastructure for global value transfer.

Key Points: 
  • In receiving this VFA licence, Everest is the first in the world to provide a fully regulated, programmable stablecoin and integrated infrastructure for global value transfer.
  • This license allows Everest users to make cross-border payments without needing to obtain additional licenses.
  • In line with its goal of bolstering compliance-driven, blockchain-based investment, the MFSA created the VFA Act to help regulate Initial Virtual Financial Asset Offerings, Virtual Financial Assets (VFA) and the provision of VFA services.
  • We are thrilled to officially have our VFA License from the MFSA, says Bob Reid, CEO and Co-Founder of Everest.

Planetwatch Announces The Listing Of The PLANETS Token On Bitfinex Exchange

Retrieved on: 
Thursday, June 3, 2021
Cryptocurrencies, Bitfinex, Stablecoin, Planet, Academic disciplines

ST. GENIS-POUILLY, France, June 3, 2021 /PRNewswire/ -- Planetwatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex.

Key Points: 
  • ST. GENIS-POUILLY, France, June 3, 2021 /PRNewswire/ -- Planetwatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex.
  • PLANETS are the first Algorand Standard Asset (barring stablecoins) to be supported on a major international exchange.
  • Sean Lee, CEO of the Algorand Foundation, said: "We are delighted to see Bitfinex support the PLANETS token.
  • We are excited to see the world discover the amazing potential of crowd sourced air quality monitoring and the PLANETS token."

Decentralized Insurance Platform Unslashed Launches Offering Wide-ranging Policies Covering over 1$ Billion in Crypto Assets

Retrieved on: 
Wednesday, June 2, 2021
Cryptocurrencies, Cryptography, Decentralized finance, Stablecoin

LONDON, June 2, 2021 /PRNewswire-PRWeb/ --Decentralized insurance protocol, Unslashed , officially launches after already selling more than $1.23 billion worth of notional value across different insurance policies for several protocols during a successful private beta.

Key Points: 
  • LONDON, June 2, 2021 /PRNewswire-PRWeb/ --Decentralized insurance protocol, Unslashed , officially launches after already selling more than $1.23 billion worth of notional value across different insurance policies for several protocols during a successful private beta.
  • Now with Unslashed, crypto users can protect their assets from all common risks associated with crypto markets.
  • At Unslashed, we are pleased to launch our diverse offerings of insurance products covering centralized exchanges, DeFi protocols, stablecoin pegs, and more."
  • Unslashed is a decentralized insurance protocol covering all common risks for crypto assets.

Japanese Financial Giant GMO Internet Group Partners with INX Limited to Bring NYDFS Regulated Stablecoins to Retail and Institutional Investors

Retrieved on: 
Wednesday, June 2, 2021
Finance, Money, Economy, Cryptocurrencies, GMO Internet, Stablecoin, Initial public offering, Investor

GMO Trust is the New York-based, regulated stablecoin subsidiary of Japanese Internet and Financial Services conglomerate GMO Internet Group ("GMO Group").

Key Points: 
  • GMO Trust is the New York-based, regulated stablecoin subsidiary of Japanese Internet and Financial Services conglomerate GMO Internet Group ("GMO Group").
  • INX Limited launched the first SEC-registered digital security IPO for both retail and institutional investors, a first of its kind offering.
  • INX Limited is uniquely positioned to offer retail and institutional investors and traders access to both digital assets and cryptocurrencies through both of its platforms.
  • GMO Trust, based in New York, is a Limited Purpose Trust regulated by the New York Department of Financial Services.

Nexus Markets Expands Partnership with GMO-Z.com Trust Company by Offering Japanese Yen Stablecoin 'GYEN' and 'ZUSD' Interest-Earning Vaults

Retrieved on: 
Tuesday, May 25, 2021
Cryptocurrencies, Stablecoin, Genetically modified organism

The partnership will continue to evolve as they both work to help their clients expand their opportunities outside of this market.

Key Points: 
  • The partnership will continue to evolve as they both work to help their clients expand their opportunities outside of this market.
  • "Broadening our partnership with GMO Trust further showcases Nexus' transformative platform to earn interest on digital assets including fiat," said Ian McAfee, CEO of Shift Markets and Nexus.
  • "We are very pleased to expand our partnership with Nexus in introducing these innovative GYEN and ZUSD stablecoin Vaults," said Ken Nakamura, CEO of GMO Trust.
  • Issuing the World's First regulated JPY stablecoin "GYEN", GMO Trust also offers a USD stablecoin "ZUSD".