Major Crypto Giants Launch New Stablecoin Global Dollar (USDG)

Quick Summary:

A group of major players in the fintech and crypto world—Robinhood, Kraken, Galaxy Digital, and Paxos—have launched a new stablecoin, the Global Dollar (USDG), pegged to the US dollar and aimed at boosting accessibility and rewarding community engagement.

The new stablecoin by Paxos faces stiff competition but brings an innovative, community-focused approach.

According to the Monday announcement, the USDG’s unique value proposition.

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Article Details

Author / Journalist: Sarala

Category: Crypto

Markets: United Arab EmiratesSingapore

Topics: DBS Stablecoin Kraken Altcoin News Robinhood Paxos

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 06:05:44 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 259 words

Reading Time: 2 minutes read

Sentences: 21 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © TheNewsCrypto

News ID: 23428763

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About TheNewsCrypto

Main Topics: Crypto

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Update Frequency: 35 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 15 hours ago

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