Robinhood, Kraken, and Paxos Lead Launch of Yield-Sharing USDG Stablecoin
This coalition of companies, named the Global Dollar Network, aims to foster widespread adoption of USDG by offering yield to network participants.
This coalition of companies, named the Global Dollar Network, aims to foster widespread adoption of USDG by offering yield to network participants.
This includes a $48 million injection from crypto exchange Coinbase and venture capital firm Andreessen Horowitz (a16z) and $30 million already raised, highlighting the industry's long-term commitment to regulatory influence.
Market analysts are closely monitoring Bitcoin’s movements, particularly with a potential 25-basis-point rate cut expected from the Federal Reserve in early November.
Shaktikanta Das warned that widespread adoption of cryptocurrencies could undermine the RBI’s control over the economy, particularly with regard to money supply and inflation control.
Among the key features, LayerK provides monetization avenues tailored for creators, addressing a growing challenge in the digital economy: sustainable revenue.