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

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: Hungary

Topics: US Dollar Dollar Stablecoins Crypto News USDG

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 15:00:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 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

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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