CryptoMediaClub
Monday, July 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

New Global Dollar Network Project Aims to Accelerate Global Stablecoin Adoption

05.11.2024
A A
0
120
VIEWS
ShareShare

A group of major traditional financial and crypto companies teamed up to support the Global Dollar Network project, which aims to accelerate the global adoption of stablecoins.

Paxos Launches Global Dollar Network for Stablecoins

Representatives from Paxos announced the launch of the Global Dollar Network project supported by Robinhood, Galaxy Digital, Kraken, Anchorage Digital, Nuvei, and Bullish. The new project is an open, regulatory compliant network designed to accelerate the global adoption of stablecoins.

The Global Dollar Network is based on the USDG stablecoin, which Paxos officials announced less than a week ago. Through an open infrastructure, the plan is to develop crypto and more global financial solutions using USDG.

Companies from various sectors of the financial and crypto industries, custodians, exchanges, payment tech providers, FinTech firms, traders, DeFi protocols, card networks, banks, and investment platforms are invited to participate in the project. The authors intend to work together to develop innovations in the financial sector and, in particular, to expand real-world scenarios for the use of stablecoins.

Charles Cascarilla, CEO and Co-Founder of Paxos, said in a press release that thanks to stablecoins, the financial system is evolving and changing the user experience in payments and interaction with the U.S. dollar. In his opinion, the main barrier to wider stablecoin adoption is regulatory issues, which are expected to be addressed by the Global Dollar Network.

Moreover, according to Johann Kerbrat, GM and VP of Robinhood Crypto, stablecoins can act as a bridge between traditional finance and cryptocurrencies due to the fact that they allow for fast, cheap, and efficient transactions.

The importance of stablecoins in supporting demand for government securities was noted during a recent meeting of members of the U.S. Department of the Treasury’s Borrowing Advisory Committee.

Сообщение New Global Dollar Network Project Aims to Accelerate Global Stablecoin Adoption появились сначала на CoinsPaid Media.

Share9Tweet6ShareSharePin2

Related Posts

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC
All news

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
0

Metaplanet, the Tokyo-listed firm rapidly evolving into one of Asia’s most aggressive corporate Bitcoin holders, added another 780 Bitcoin to...

Read moreDetails
South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
Load More
Next Post
Opinion: Backing Trump Because He’s Pro-Crypto is Reckless

Opinion: Backing Trump Because He’s Pro-Crypto is Reckless

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

CFTC Sues 5 Individuals for Bitcoin Trading Services Fraud

2 years ago
Bitcoin reclaims $54k two years after painful crash at the start of winter

Bitcoin reclaims $54k two years after painful crash at the start of winter

1 year ago
CoinsPaid to Attend 8 Industry Events in February

CoinsPaid to Attend 8 Industry Events in February

1 year ago
Number of BTC Millionaires Doubled Over Year

Number of BTC Millionaires Doubled Over Year

11 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Increased market volatility as the U.S.–Europe tariff deadline looms

Trending

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC
All news

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
0

Metaplanet, the Tokyo-listed firm rapidly evolving into one of Asia’s most aggressive corporate Bitcoin holders, added another...

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz