Russia Central Bank Mulls Gold Standard for National Cryptocurrency

2019-5-26 01:00

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble.

Gold-Pegged ‘Crypto-Ruble’ a Possibility The Bank of Russia hinted at a meeting at State Duma, the country’s lower house,Read MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\. origin »

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bank russia cryptocurrency russian gold-pegged central meeting

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Источник: btcmanager.com

bank russia → Результатов: 83

Russia’s largest bank to start offering customers CBDC in 2025

Sberbank, Russia’s largest lender, aims to begin offering digital ruble transactions to its customers in early 2025, according to a senior bank executive. Russia‘s banking giant Sberbank plans to start operations with the country’s central bank digital currency — also…

2024-9-4 12:16	Russia
bank russia 2025 digital sberbank largest offering

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Russia’s central bank set to legalize crypto for qualified investors

The Bank of Russia appears to be moving forward with plans to test cross-border crypto deals for qualified investors. Russia‘s central bank, the Bank of Russia, is considering amending the law to introduce a new category of “particularly qualified investors,”…

2024-8-26 09:58	StableCoin
bank russia qualified investors central crypto law

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Russian central bank governor says CBDCs will be part of everyday life by 2031

Bank of Russia Governor Elvira Nabiullina reiterated the regulator’s belief that the digital ruble, Russia’s central bank digital currency (CBDC), will achieve widespread adoption within the next five to seven years.

2024-8-2 23:30	featured
bank russia digital governor central achieve cbdc

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Bank of Russia eyes full-scale digital ruble launch by next July

The Bank of Russia is set to launch the digital ruble for widespread use by July 2025, following successful pilot tests. Russia’s central bank, the Bank of Russia, could launch its central bank digital currency — also known as the…

2024-7-31 15:34	Russia
bank russia launch digital july central ruble

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Russia’s central bank might legalize stablecoins for trades with China: report

The Bank of Russia is considering approving stablecoins for cross-border trades, as local businesses explore alternative methods to conduct trade with China amid sanctions. Russia‘s central bank, the Bank of Russia, is considering the legalization of stablecoins for cross-border transactions…

2024-7-4 12:36	StableCoin
bank russia stablecoins considering cross-border central trades

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Russia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank

Bank of Russia is planning to allow mining and using cryptocurrencies for cross-border trade, the regulator said.

2023-4-19 21:49	sanctions
bank russia cross-border said mining using cryptocurrencies

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Bank Of Russia Still Doesn’t Want Russians To Have Access To Crypto As BTC/RUB Volume Hits Record High

The Central Bank of Russia (CBR) maintains this stance despite the present economic downturn.

2022-3-7 18:18	xbtusd
bank russia cbr central high maintains present

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Bank of Russia to assess Bitcoin holdings volumes as $36B leave banks

The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.

2021-10-15 13:35	Fiat Money
bank russia crypto skeptical remains account despite

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Russia’s top bank considers cryptocurrency but mulls regulatory challenges

Tinkoff, the largest digital bank in Russia is considering offering cryptocurrency services. However, it says the only thing standing in its way is the stringent central bank policies on digital assets.

2021-6-4 21:10	Cryptocurrency
bank russia digital cryptocurrency thing says only

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Bank Of Russia To Launch Prototype For Its Digital Ruble Later This Year

Russia is moving a step closer to introducing a Ruble-backed digital currency. A senior executive at Russia’s central bank, the Bank of Russia, has indicated that the bank is planning to unveil a prototype for its digital ruble by the end of 2021.

2021-3-12 20:16	Cryptocurrency News
bank russia digital ruble prototype central indicated

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Russia’s Sberbank plans to launch a crypto-buying service

Sberbank, Russia’s largest state-owned bank is planning to roll out a platform that will allow its approximately 96 million clients to purchase cryptocurrencies. A report unveiled this news on November 30, citing German Gref, the bank’s CEO, who first disclosed this information during the Investor Day.

2020-12-2 17:01	Cryptocurrency
bank russia sberbank citing report november german

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Unqualified investors can buy up to $8K of crypto, says Bank of Russia

Russia’s central bank wants to limit the amount of cryptos and digital rights acquired by non-professional investors.

2020-10-15 11:59	Russia
bank russia investors cryptos amount central wants

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Digital Ruble Can Help Track Government Spending, Bank of Russia Says

The Bank of Russia proposed a potential CBDC project Tuesday, but wants public comments before proceeding.

2020-10-14 21:21
bank russia project cbdc tuesday proceeding comments

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Bank of Russia to Develop Digitial Mortgage on Blockchain Platform

Russia’s central bank, the Bank of Russia, is looking to develop a digital mortgage on Masterchain, a government-backed blockchain project. Leveraging Blockchain for Mortgage Issuance According to a report by a local news outlet, Ria, on Thursday (May 28, 2020), Olga Skoronogatova, Bank of Russia’s First Deputy Governor, revealed the plan of the central bankRead MoreRead More.

2020-5-29 07:00	Russia
bank russia mortgage blockchain central develop skoronogatova

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‘Disappointed’ by Central Bank Blockchain, Russia’s Largest Bank Eyes Alternatives

Enterprise blockchain project Masterchain is falling short of expectations – and Russia's largest bank is looking for other options.

2019-7-2 11:00
bank russia blockchain largest expectations options looking

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Russia’s Largest Bank, Sberbank, Will Not Build Any Cryptocurrency-Focused Financial Services

Russia’s Largest Bank Will Not Accommodate Crypto-Related Businesses Sberbank, the largest bank in Russia, has officially affirmed via its CEO Herman Gref that the institution will not create any service related to cryptocurrencies.

2019-6-7 21:28	Announcements
bank russia largest affirmed ceo any sberbank

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Russia’s Largest Bank Halts Crypto Plans Due to Central Bank’s Negative Stance

Russia's largest bank, Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on crypto

2019-5-30 16:59	Russia
bank russia negative due stance central plans

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Russia will launch gold stablecoin – following Iranian PayMon (PMN)

Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.

2019-5-25 14:02	Venezuela
international russian russia following agency tass reference

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Bank of Russia Could Turn To A Gold-Backed Cryptocurrency

The head of the Bank of Russia told a Russian governmental committee that they would consider creating a gold backed cryptocurrency. Elvira Nabiullina spoke in front of the Duma and suggested that a gold-backed cryptocurrency could be a solution for cross border payment issues that arise for Russians.

2019-5-24 09:13	Russia
cryptocurrency bank could russia gold-backed nabiullina turn

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Bank of Russia: We are Opposed to Crypto, But May Consider Gold-Backed Digi-Asset

According to local news publication TASS, the Bank of Russia will consider a gold-backed digital currency for use in international settlements. However, the institution remains opposed to truly decentralised crypto assets.

2019-5-24 02:00	Russia
crypto consider opposed gold-backed russia bank digital

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Russia Stunningly Explores a Gold-Backed Crypto to Settle Payments

By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.

2019-5-24 22:55	Russia
russia crypto gold-backed ccn cryptocurrency russian central

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Russian Central Bank ‘Would Consider’ Creating Gold-Backed Cryptocurrency

Russia’s central bank would consider creating a new cryptocurrency backed by gold for international settlements. Gold-Backed Crypto Could Have Use In Settlements That was the latest information to come from Elvira Nabiullina, head of the Bank of Russia, speaking to the country’s parliament, the Duma, about current plans involving cross-border finance.

2019-5-23 20:00	StableCoin
bank central gold-backed cryptocurrency creating consider russian

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Russian Central Bank to Consider Gold-Backed Cryptocurrency

The Bank of Russia will consider the use of a gold-backed cryptocurrency to facilitate international settlements, according to its governor.

2019-5-23 17:30
cryptocurrency gold-backed consider bank settlements according governor

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Russia’s Central Bank to Consider Gold-Backed Cryptocurrencies for Mutual Settlements

Russia’s central bank will consider an opportunity to issue a gold-backed cryptocurrency to close mutual settlements with other countries

2019-5-23 17:00	Russia
mutual russia gold-backed settlements consider central bank

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Russia’s Central Bank Expects Crypto Draft Bill ‘On Digital Financial Assets’ to Be Adopted Soon

The Central Bank of Russia has recently emitted a report affirming that the draft bill on crypto regulation is currently being prepared and that it will be adopted until the Spring of this year. Russia is a major cryptocurrency market but it still struggles with the lack of proper regulation, so this is a major […]

2019-5-23 01:23	Legal & Regulation
russia major adopted regulation crypto draft bill

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Central Bank of Russia Expects Crypto Draft Bill to Be Adopted in Spring 2019

Russia’s central bank believes that the draft bill on crypto regulation is prepared enough to be adopted in spring 2019, in accordance with the order of president Vladimir Putin

2019-5-22 17:05	Cryptocurrencies
adopted spring central 2019 bank bill russia

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Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency

Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed. Venezuela and Russia ‘Currently Trying’ El Petro As Bitcoinist reported last December, Russian officials were introduced to El Petro but stopped short of confirming that it was going to be used.

2019-5-18 02:00	Venezuela
petro venezuela russia cryptocurrency trying switch ruble

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Russian Sberbank Demands Client Provide Data on Cryptocurrency Revenue

Russia’s largest bank Sberbank is making a client disclose information about their cryptocurrency revenue and details of their mining farms

2019-5-18 02:00	Cryptocurrencies
cryptocurrency revenue client sberbank information details farms

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Iran’s First Ever Bitcoin ATM Unveiled in Tehran

On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.

2019-4-27 21:31	Adoption & community
bitcoin iran sanctions iranian seen tehran especially

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Central Bank Of Russia Says CBDCs Can Minimize Costs, But Privacy Is A Concern

Central Bank Of Russia Analyses Benefits And Drawbacks Of Issuing A CBDC The Central Bank of Russia is analyzing the positive and negative effects of issuing a central bank digital currency (CBDC). The information was released by the institution on April 18.

2019-4-20 22:08	Cryptocurrency News
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Central Bank of Russia Reviews Potential Benefits and Drawbacks of CBDCs

The Bank of Russia outlined potential benefits and drawbacks of central bank digital currencies in a recent report

2019-4-20 19:04	Russia
bank benefits central drawbacks potential russia report

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How this fintech company got Russia’s first banking license in 4 years

The Russian Federation doesn’t exactly scream friendliness when it comes to financial innovation, but appears to be making an exception for a company called Bank 131. At a time when Russia is taking away banking licenses, this fintech business is the first to receive a license in four years.

2019-4-12 02:13	Podium
russia bank when international receive 131 banking

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Rumors Russia Preparing to Launch a Gold Backed Crypto Says Former Europe Minister For Portugal

Russia has been buying tons of gold for months, with their central bank buying more gold than produced by Russian mines for the first time. They might now start importing... The post Rumors Russia Preparing to Launch a Gold Backed Crypto Says Former Europe Minister For Portugal appeared first on Trustnodes.

2019-4-8 18:13	News
gold russia buying minister rumors europe portugal

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Central banks looking to cryptocurrency to replace cash

A central bank digital currency (CBDC) would see central banks distribute digital money which could be redeemed for their respective domestic fiat currencies. In the case of an American CBDC, this would be the US dollar or in Russia, this would be a “Cryptoruble.

2019-4-6 12:00	sweden
central banks digital currencies cbdc replace cryptocurrency

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Банкам посоветовали раскрывать размер комиссии при оплате услуг в банкомате

Банк России и Федеральная антимонопольная служба (ФАС) представили рекомендации по раскрытию данных о комиссиях при оплате услуг в банкоматах и терминалах. Документ опубликован на сайте регулятора.

2019-4-3 19:29	ЦБ
оплате услуг комиссии банк россии рекомендации банкам

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Cryptocurrency-Friendly Financial Companies Start Operating in Russia and the United Kingdom

There are two firms from the United Kingdom and Russia that will be offering financial services to those operating in the crypto industry. They will be offering a wide range of services such as bank accounts or payments processing solutions.

2019-3-31 19:01	News
kingdom services offering united crypto financial operating

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New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia

Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions.

2019-3-30 16:59	UK
new services payment crypto companies launch russia

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Russian Gold Stockpile Grows as Analysts Warn of Global Recession

Following sanctions imposed on Russia, Putin is supporting a mass gold stockpile expansion and a sale of U. S. debt holdings. With a trade war blazing, and sanctions laid across countries to force North Korea and its associates into submission, what happens to other economies? Countries like Russia are using this opportunity to step away from America’s mounting debt.

2019-3-22 23:00	sanctions
gold russia stockpile countries debt economies like

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U.S. Treasury Sanctions Russia-Based Bank Allegedly Backing Venezuela’s Petro

The United States Treasury Department has imposed further sanctions on Russia, this time adding bank Evrofinance Mosnarbank, jointly owned… The post U.S. Treasury Sanctions Russia-Based Bank Allegedly Backing Venezuela’s Petro appeared first on Invest In Blockchain.

2019-3-13 18:46	Venezuela
bank treasury sanctions petro venezuela russia-based backing

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Russia’s Evrofinance Mosnarbank Sanctioned By The US After Being Backed Venezuela’s Petro

Russia’s Evrofinance Mosnarbank Sanctioned By The US After Being Backing Venezuela’s Petro The United States has decided to add the Russian bank Evrofinance Mosnarbank to its sanctioning list managed by the Treasury Department.

2019-3-13 02:19	News
venezuela evrofinance mosnarbank petro russia bank sanctioned

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Russian Central Bank Will Put Onerous Limits on Retail Crypto Investors

The Russian central bank seeks to impose new regulations on cryptocurrency. The central bank wants unqualified investors to be limited in how much cryptocurrency they can purchase. RCB reports that they will also institute an information-sharing system between crypto exchanges to ensure that no one goes over their limit.

2019-3-13 21:15	Russia
investors crypto bank central russian related russia

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Russia: Central Bank Suggests Limiting Sale of Crypto Assets for ‘Unqualified Investors’

The Central Bank of Russia wants to set a yearly limit of $9,100 for “unqualified investors” dealing with crypto assets

2019-3-12 15:48	Law
crypto assets russia investors unqualified central bank

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Russian Bank’s $9 Billion Money Laundering Scheme Report Prompts a Bitcoin Regulation Question

A $9 billion USD money laundering scandal was recently uncovered by the Organized Crime and Corruption Reporting Project, a group of investigative journalists. The scandal involved Troika, the largest private bank of Russia.

2019-3-7 00:09	News
laundering money scandal involved bitcoin billion bank

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While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian.

2019-3-6 16:12
private billion largest bank bitcoin russia focus

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Russia to Regulate Crypto While Launching its Own Oil-Backed Cryptocurrency

Russia’s State Duma is planning to pass a resolution on a pending cryptocurrency regulation bill, reported a local source. Oleg Nikolayev, a member of the State Duma Committee on Economic Policy, said that the Russian assembly house had led cryptocurrency regulations to its final stages.

2019-2-24 17:04	Russia
cryptocurrency russia house nations regulate said launching

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Финансовый маркетплейс Центробанка добавил ипотечную платформу

К проекту «Маркетплейс» Банка России присоединилась ипотечная платформа, оператором которой станет единый институт развития в жилищной сфере — ДОМ. РФ. Об этом рассказала пресс-служба ЦБ.

2019-2-13 13:07
маркетплейс ипотечная платформа присоединилась финансовый россии платформу

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Russia’s Alfa Bank And Cloud-Based Solution Kvartplata To Build A Blockchain For Utility Bill Payments

Russia’s Alfa Bank Joins Hands With Cloud-Based Solution Kvartplata To Build A Blockchain Platform For Utility Bill Payments Russia-based Alfa Bank has partnered with Kvartplata, a cloud-based solutions developer, to build a blockchain platform that will allow it to make utility bill payments.

2019-2-8 22:25	News
blockchain bank build payments utility bill kvartplata

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Head of Russia's Second Largest Bank Compares Crypto Mining to Counterfeiting

Andrey Kostin, head of Russia’s second largest bank VTB, compares crypto mining with counterfeiting, says crypto will be applied narrowly in the future

2019-2-5 18:54	Mining
crypto counterfeiting head compares mining russia bank

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Iran releases gold-backed cryptocurrency

Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.

2019-2-8 17:22	News
bank iranian cryptocurrency iran banks cryptocurrencies own

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Trump’s USD1 play is ‘dollar expansion,’ not love for blockchain, Ari10 CEO says

President Donald Trump’s support for stablecoins may be less about blockchain innovation and more about financial engineering, according to Mateusz Kara, CEO of European crypto payments giant Ari10. The launch of USD1, a new dollar-pegged stablecoin backed by U.S. President…

Bitso launches Juno and MXNB stablecoin for cross-border payments

Bitso Business has introduced Juno, a new subsidiary dedicated to issuing stablecoins. The first offering is MXNB, a stablecoin pegged to the Mexican peso and operational on the Arbitrum (ARB) platform, according to a note shared with crypto.news. The move…

USDC hits record $60B market cap, surpassing 2022 high and outpacing USDT growth

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Fidelity quietly pilots its own stablecoin in push for tokenized assets: report

Fidelity Investments is in the final stages of testing its own stablecoin as Washington moves toward new crypto oversight. One of the largest asset managers in the world, Fidelity Investments, appears to be quietly piloting its own stablecoin as it…

WLFI confirms launch of USD1 stablecoin backed by U.S. treasuries

Confirming online speculation, World Liberty Financial Inc. has announced the launch of USD1, a stablecoin redeemable 1:1 for the U. S. dollar and fully backed by short-term U. S. Treasuries, cash deposits, and other equivalents.

Circle partners with Japan’s SBI Holdings to drive USDC adoption

Circle is bringing USDC to Japan through a partnership with SBI Holdings, marking a major step for stablecoin adoption in the country. According to a Mar. 25 press release statement, SBI VC Trade, a crypto exchange under SBI Holdings, will…

Trump-linked WLFI reportedly launches USD1 stablecoin on BNB Chain

World Liberty Financial, a decentralized finance platform tied to the Trump family, has launched its USD1 stablecoin on BNB Chain. Blockchain analytics firm LookOnChain identified the deployment, noting interactions between the contract and a wallet linked to crypto market maker…

2019-5-26 01:00

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