New Global Dollar Network Set to Transform the Payments Landscape
Crypto leaders have launched the Global Dollar Network, an open platform designed to accelerate stablecoin adoption globally. Led by major players like Anchorage Digital, Kraken, and Paxos, the network aims to drive innovation in cross-border payments by pooling resources from fintech, banks, custodians, and exchanges.
Central to the initiative is USDG, a new stablecoin issued by Paxos that complies with Singapore’s regulatory standards, ensuring secure, enterprise-level transactions. DBS Bank, Southeast Asia’s largest bank, will manage USDG reserves, adding credibility. The network’s founders believe USDG will transform digital finance and global money movement.
Clever Robot News Desk 7th November 2024
