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โšกJUST IN: Ripple CEO Announces New Stablecoin $RLUSD At #XRP Ledger Community Summit

Further details about the new stablecoin, including its launch date and specific features, were not disclosed during the announcement.

#Cryptonews #Ripple #Stablecoins #Crypto
๐Ÿ‘€ $USDP's issuer Paxos cuts 20% of workforce amid strong financials due to 'de-prioritizing adjacencies'

#Cryptonews #Stablecoins
๐Ÿ‘€ Token Terminal reports that the monthly transfer volume of stablecoins reached an all-time high of $1.68 trillion in April, showing remarkable growth when compared to the $100 billion from October 2020.

#Cryptonews #Stablecoins
๐Ÿ‡ญ๐Ÿ‡ฐ The Hong Kong Monetary Authority has announced the first batch participants in its stablecoin sandbox: Jindong Coinlink Technology, RD InnoTech, Standard Chartered Bank, Animoca Brands, and Hong Kong Telecommunications.

#Cryptonews #Stablecoins
๐Ÿ‘€ JD com, one of China's largest e-commerce companies, has announced plans to launch a new stablecoin.

This digital currency will be based on a public blockchain and pegged to the Hong Kong dollar at a 1:1 ratio.

#Crypto #Stablecoins