CryptoMediaClub
Monday, July 7, 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

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs
All news

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

07.07.2025
0

The Russian Energy Ministry has begun compiling a national registry of crypto mining rigs as it looks to crack down...

Read moreDetails
Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
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

Bitcoin Breaks Through $110,000, APT Miner Launches Limited-Time Rewards to Ignite Global Cloud Mining Craze

Bitcoin Breaks Through $110,000, APT Miner Launches Limited-Time Rewards to Ignite Global Cloud Mining Craze

4 weeks ago
Defiance ETFs Files For 2X Leveraged ETH Futures ETF

Defiance ETFs Files For 2X Leveraged ETH Futures ETF

1 year ago

Surging World ID Verifications Post Worldcoin’s Beta Launch: A New Era Unveils

2 years ago
Bitcoin metrics ‘improve bullish odds’ as BTC price holds 200-week trendline

Bitcoin metrics ‘improve bullish odds’ as BTC price holds 200-week trendline

2 years ago

Categories

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

Highlights

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Why Snaky Way’s $AKE Token Is More Than Just a Meme Coin, Presale Ongoing

Ripple (XRP) Holders Achieve Financial Freedom by Starting Dogecoin (DOGE) Mining Machines through Blockchain Cloud Mining

Trending

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs
All news

Russian Ministry Starts Compiling National Registry of Crypto Mining Rigs

07.07.2025
0

The Russian Energy Ministry has begun compiling a national registry of crypto mining rigs as it looks...

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
  • 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