Robinhood, Kraken, Paxos launch new global stablecoin network

Quick Summary:

Top players launch Global Dollar stablecoin network, boosting stablecoin adoption and enhancing cross-platform crypto transactions worldwide.

This network may also contribute to increased investor trust and institutional interest in improving stablecoin infrastructure and encouraging use cases for routine transactions.

Announced on the 5th of November by Paxos, the “open network” is designed to make stablecoins more accessible and widely used by creating a unified platform that encourages both individuals and businesses to adopt stablecoin transactions.

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Article Details

Category: Crypto

Markets: United States

Topics: News News 1 Trading View Social Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 10:30:38 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23429263

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 20 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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