Frax Finance, a decentralized stablecoin cryptocurrency protocol, today announced the launch of a new stablecoin, frxUSD, that will leverage BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize, to deliver a secure, transparent, and fully auditable backing mechanism. The frxUSD stablecoin, a rebranded evolution of Frax’s flagship FRAX stablecoin, offers direct fiat redemption capabilities and enhanced compliance with U.S. financial systems. As […]
Cow Group, in collaboration with leading tokenization technology provider DigiShares, has announced the launch of MyGold™, a gold-backed stablecoin aimed at revolutionizing stable asset investments. Launched on September 25, 2024, MyGold™ offers a unique blend of physical gold security and passive income potential through Cow Group’s Systematic Wealth & Income Multiplier (SWIM) program. MyGold™ is poised to become […]
Hong Kong-based First Digital, a prominent player in digital asset custody and trust services in Asia, proudly announces that its stablecoin, First Digital USD (FDUSD), has achieved a significant market capitalization of US$1 billion. This milestone underscores FDUSD’s rapid and widespread adoption within six months of its listing, establishing itself as Hong Kong’s inaugural truly […]
