#fiatbacked

CoinField Launches SOLOGENIC to Issue Stock and Fiat-backed Stablecoins on the XRP Ledger

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Cryptocurrency exchange CoinField shared details on its new project.  Sologenic is a sophisticated trading ecosystem for fiat-backed stablecoins or on-demand tokenized assets, including stocks and ETFs from 25+ global stock exchanges.

Sologenic deploys SOLO Coins (Ƨ)for market-making and liquidity. These coins are issued on the XRP ledger (XRPL) to ensure that…

Fiat-Backed Stablecoins ⁠— Attempt to Take the Best of Both Worlds

Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind of stable asset — such as the United States dollar, euro or even gold. Linking to such assets confirms the coin’s stability and mitigating the volatility of cryptocurrencies.

Related: Stablecoins…

New Zealand Fiat-Backed Stablecoin to Make a Comeback in 2019

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The New Zealand Dollar pegged virtual currency would return in the first quarter of 2019 after its suspension last year.

New Zealand Stablecoin to Return in Q1 2019

The New Zealand Dollar Token commonly referred to as the NZDT, is set to return in early 2019, after its suspension due to regulatory issues. According to the New Zealand Herald, the news of NZDT’s comeback will likely please…

Tyler and Cameron Winklevoss, creators of cryptocurrency buying and selling platform Gemini, have gained permission from New York regulators to release their very own stablecoin, in step with a put up on Gemini’s Medium Monday, September 10. The so-called Gemini buck now has the backing of the New York Department of Financial Services (NYDFS). The…