Group of the US banks create their stablecoin

• Tags: Cryptocurrencies, Blockchain, Finance, Banks, Stablecoins
• Companies: NYCB, USDF Consortium
• Date: 14.01.2022
• Digest: Weekly Digest

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A group of US banks created a consortium and launch their own USDF stablecoin. USDF consortium will enable banks to mint stablecoin which can be redeemed in cash at a ratio of 1:1 in any of the banks of this consortium. Read more