#usd stablecoin

[rwatimes]

USD Stablecoin To Be Explored for Tokenized Settlement

In a bid to help firms maximize the benefits of tokenization, financial services market infrastructure provider Euroclear and stablecoin issuer Société

➤ Euroclear and Société Générale-FORGE (SG-FORGE) are exploring the use of a regulated USD stablecoin for settling tokenized short-term funding instruments. ➤ This initiative aims to enhance the benefits of tokenization for firms involved in financial markets. ➤ The collaboration focuses on the settlement and issuance processes for dollar-denominated tokenized instruments.

[rwatimes]

Euroclear and SG-FORGE to Explore USD Stablecoin Settlement for Tokenized Commercial Paper

➤ Euroclear and Societe Generale-FORGE (SG-FORGE) are collaborating to explore the use of a regulated USD stablecoin (USD CoinVertible) for settling tokenized Negotiable European Commercial Paper (NEU CP) on DLT. ➤ This initiative aims to digitalize European short-term funding markets, offering more efficient funding conditions and enhanced market liquidity for issuers. ➤ The project focuses on regulatory compliance (MiCA) and operational robustness, complementing existing efforts like Project Pythagore for euro-denominated instruments.

[pavel-nosok]

Stablecoins In Trouble? USDC, DAI, USDD Depeg As SVB Crisis Deepens

Crypto News: Dealing with a heavy sell off, the global digital asset market registered a broad recovery on Saturday morning. Bitcoin, Ethereum price jumped by 3% and 5%, respectively. However, the top stablecoins USDC, DAI, USDD witnessed a heavy depegging as the Silicon Valley Bank crisis continues to haunt the crypto market. USDC To Fall Amid Market Crash? As per the data, USD Coin (USDC), the…

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