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Global Dollar Network Debuts With Backing From Robinhood, Galaxy Digital, Others

Bitcoinist LogoBitcoinist2w ago

Global Dollar Network Debuts With Backing From Robinhood, Galaxy Digital, Others - Bitcoinist

Quick Summary:

Some of the leading crypto firms have formally formed an alliance aiming to encourage digital asset users worldwide to adopt stablecoin.

Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, Nuvei, and Paxos joined forces to launch a new stablecoin known as the USDG, or the Global Dollar Network.

These digital assets are usually utilized to turn crypto coins into traditional currencies since the token is not affected by wild price fluctuations like in other digital currencies.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 15:00:27 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23449076

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Global Dollar Network Debuts With Backing From Robinhood, Galaxy Digital, Others" has 536 words across 29 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Global Dollar Network Debuts With Backing From Robinhood, Galaxy Digital, Others" was covered 2 weeks ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 14 news stories per day.

It's most recent story was published 10 hours ago.

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  • URL: https://beamstart.com/news/global-dollar-network-debuts-with-17309064739296

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