Five US Banks Join Together to Launch Their Own ‘Stablecoin’

Published:

13 ene 2022 09:20 GMT

Five US banks (New York Community Bank, NBH Bank, FirstBank, Sterling National Bank and Synovus Bank) have partnered with blockchain tech companies JAM FINTOP and Figure Technologies to create a consortium to issue its own ‘stablecoin’.

The new stablecoin will be the USDF and will be pegged to the US dollar in a 1: 1 ratio. The issuers of this ‘stable coin’ will be exclusively members of the consortium, which hopes to continue involving more banks at its initiative.

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