Fintech companies are beginning to issue USD stablecoins through their licensed banking subsidiaries, with the new currency fully pegged 1:1 to USD cash reserves. Currently, this stablecoin is mainly used for internal platform settlements, and it will gradually be opened to platform users in the coming months.



Interestingly, this stablecoin was first deployed on Ethereum, but it does not intend to stay only within the Ethereum ecosystem. The development team has explicitly stated that they will expand it to other mainstream blockchain networks in the future.

This is yet another example of traditional financial institutions entering the stablecoin space. From an internal settlement tool to user assets, this evolution offers valuable insights for many institutions. As more participants enter the stablecoin market, the competitive landscape is quietly changing.
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SneakyFlashloanvip
· 12-18 17:59
Another major traditional financial institution is entering the scene, now stablecoins are really about to compete fiercely.
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