A “crypto year” is often said to pack one year of innovation into a time span that would normally take seven. Like dog years. That said, institutions don’t move in crypto years when adopting innovation. They test and slowly build behind the scenes and those projects are starting to bloom just like spring flowers and cherry blossoms.
Advances have been and are being made to capital market efficiency through the use of blockchain technology and digital assets. This is not a passing fad. More importantly, financial markets are global. Stablecoins open the window for 24/7/365 market hours. The institutional interest in stablecoins can be highlighted by settlement, treasury management, and cross border payments.
Figure Technologies is issuing an interest bearing stablecoin that is denominated as $0.01 per token. This stable would require KYC/AML whitelists and SEC approval. This structure appears similar to the Arca U.S. Treasury Fund, which issues ArCoin, a tokenized low-volatility security backed by U.S. Treasuries.With the world's largest asset manager tokenizing their first fund, markets are starting to pay more attention.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 CFO Strategies to Drive Digital Finance TransformationDownload the Digital Finance report with 10 imperatives for CFOs to drive digital finance transformation in your finance function and organization. Explore now.
Source: Gartner_inc - 🏆 455. / 53 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »