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Major firms from crypto and traditional finance have partnered to launch the Global Dollar Network, a regulation-compliant network designed to accelerate the adoption of stablecoins.
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“The lack of competition in the regulated stablecoin market has prevented the industry from reaching its full potential. USDG upends this dynamic with a more equitable model that will bring mainstream participants into the ecosystem and accelerate new stablecoin use cases,” said Kraken co-CEO Arjun Sethi in the statement.
https://cointelegraph.com/news/robinhood-kraken-paxos-launch-global-dollar-stablecoin-network
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