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A consortium of fintech and cryptocurrency firms, including Robinhood, Kraken, and Galaxy Digital, has launched the USDG stablecoin, which is pegged 1:1 to the US dollar. This initiative aims to enhance the use of stablecoins globally through the newly established Global Dollar Network. The USDG stablecoin is designed to facilitate secure and seamless international transactions. Key participants in the project include Anchorage Digital, Bullish, Nuvei, and Paxos, who are actively promoting the stablecoin at the ongoing Singapore Fintech Festival. Discussions at the festival are focusing on the future of stablecoins and the role of blockchain technology in driving innovation in the financial sector.
BitGo is at @DigitAssetConf! Brett, Stephen and Jamie are on the ground, ready to connect with industry leaders and dive into the latest trends in crypto and blockchain security. Let’s meet up and explore the future of digital assets together! https://t.co/yBvPJxcsGj
⏳ 1 Day to Go! We’re thrilled to announce that our Co-founder and CEO, @RonghuiGu, will be delivering a keynote speech tomorrow at @sgfintechfest, the world’s largest fintech event. Join us as we explore how blockchain security and innovation can drive a safer and more… https://t.co/0LT6D9B3nV
.@paxos Head of Product Ronak Daya joins @JillMalandrino from @sgfintechfest on @Nasdaq #TradeTalks to discuss USDG and the next wave of stablecoin adoption. #SFF2024 https://t.co/hXPirkMhwO