Offchain and Hyungji struck a strategic partnership to deploy stablecoin payment infrastructure built on Arbitrum across Hyungji’s retail footprint.
Browsing: Stablecoin
What Is a Stablecoin?
A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.
TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.
Stablecoin Latest News
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Paxos Labs and the Aleo Network Foundation launched USAD on Aleo mainnet, aiming to pair a regulated digital dollar with zero-knowledge privacy.
Dakota has repositioned itself as a stablecoin infrastructure provider, offering APIs for regulated payments, treasury, and cross-border payouts using blockchain-based stablecoins in the US and Europe.
Tether has launched USA₮, a federally regulated dollar-backed stablecoin issued by Anchorage Digital Bank, under the GENIUS Act rules
Falcon Finance has integrated its synthetic dollar USDf with Altery and Synterra Connect, enabling USDf users to convert on-chain holdings into fiat and access SEPA, SWIFT, and card payments.
Toku enables compliant USDC payroll on Polygon with real-time settlement, low fees, and integrations with ADP, Workday and Gusto.
“The Open Money Stack is Polygon Labs end to end infrastructure for global money movement and a core part of its payments strategy,” company said in a statement.
Bitget Wallet integrates USDT Marketplace in India, enabling faster, cheaper, and FIU-compliant INR-to-USDT conversions as stablecoin demand accelerates in the country.
Africa’s top payments provider Flutterwave has selected Polygon as its primary blockchain partner to enable faster, cheaper cross-border payments and stablecoin settlement across 30+ countries.
“Game Dollar will unlock new economic models for developers and marketplaces while enabling consumer incentives only possible via programmable dollars,” said Playtron CEO, Kirt McMaster.