Taringa! (a social media giant for South America) has partnered with MakerDAO, Airtm (a e-wallet provider) to glide its stablecoin-powered points system for its 27 million strong user base. The pilot program called ‘Taringa! Pioneers’ which will be a rewarding system for its users who gets points for creating popular platform content, which can then be monetized by being converted into MakerDAO’s Ethereum blockchain-based stablecoin DAI.
A new stablecoin ‘Pink Care Token’ has been brought out by Binance Charity & 46 companies (like Tron, IOST, Binance, ZCoin, etc.) with aim of to alleviate period poverty & improve feminine health. Binance Charity head Helen Hai said, “We hope the Pink Care Token Alliance will combine technology with the best parts of human nature – creativity, empathy, and stewardship, which lift humanity into a shared sense of dignity.”
A company based on Canada, Blockchain Venture Capital Inc has publicised that they have launched a stablecoin in honor of Canada Day, called CADT which will be backed by Canadian Dollar. The firm in its statement, ”Positioned as a first of its kind global stable coin anchored to the Canadian dollar, the CADT stable coin is expected to be widely used both in Canada and on a global scale, by individuals and businesses alike.”
After launching its cryptocurrency Dukascopy (bank based in Switzerland) it has unveiled its new stablecoin Dukascash which is actually three different tokens EUR+, USD+ and CHF+ linked to fiat currencies EUR, USD and CHF respectively and it also released whitepaper for public scrutiny. The bank stated, “Issuance of new tokens will be subject to a public testing phase and limited to crypto industry professionals.”
The citizen of Vanuatu have received aid by Oxfam called as UnBlocked Cash in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. It has successfully completed a month-long trial with DAI stablecoin distributed as a means of exchange. Sandra Uwantege Hart, the head of Oxfam’s Pacific Cash “Typically, cash transfers are much more efficient than providing goods as a form of aid relief, but they are also slow to set up and often bogged down by lengthy financial reconciliation…”
SIX Swiss Exchange has asked its central bank to issue a stablecoin to settle payments on its new digital securities trading platform. The exchange argued for crypto by, “SDX would accept CHF payments from member banks in central bank money and issue equivalent tokenised CHF in SDX. The value of tokenised CHF would be pegged 1:1 with CHF at all times. We most definitely favour a central bank issued stablecoin.”
Umar Farooq, head of digital treasury services and blockchain at JPMorgan, has revealed the company intends to launch pilot testing of JPM Coin with selected clients around the end of the year in case if relevant regulators approve the bank to do so. According to Farooq, JPMorgan has seen an increased interest from global customers in the potential benefits of the bank stablecoin project JPM Coin revealed in mid-February 2019.
An announcement regarding the launching of Carbon’s FDIC (First Federal Deposit Insurance Corporation) on Tron’s blockchain has been shared. The CEO of Carbon, Sam Trautwein explained, “Our goal is to build products that people use. TRON shares an unwavering loyalty to both growth and adoption. We’re excited to join forces to bring stability to a more mainstream audience in launching a fully fiat-backed stablecoin on TRON.”
Chicago-based crypto exchange Seed CX has announced support for stablecoins Paxos (PAX), USD Coin (USDC), and TrueUSD (TUSD). The new stablecoin additions can be traded for U.S. dollars, and the exchange is aiming to roll out trading pairs between the stablecoins and other fiat currencies such as the euro in the near future.
The CEO continued to share a broader vision for cryptocurrencies, in which they are used as a common and accessible store of wealth. He stated if big technology companies want to put their resources toward building public peer-to-peer crypto infrastructure, It would be ecstatic. An anonymous revealed that Facebook will roll out its cryptocurrency, purportedly a stablecoin, sometime in the third quarter of 2019.
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