Follow UsFinancial companies join forces for US dollar stablecoin, keeping reserve earnings
Bullish+28.75%
30 Jun, 19:31
Source: Cointelegraph
AI Summary
Major financial companies including Visa and Mastercard are collaborating on a new USD stablecoin project that could challenge the market dominance of Tether's USDT and Circle's USDC.
The project, supported by Visa, Mastercard and many crypto companies, could be in a position to challenge Tether’s USDT and Circle’s USDC, currently the two largest stablecoins by market capitalization.