Stablecoin

2024

Meta

USD3, a new stablecoin has been launched by Stable.com, co-founded by Jack Jia, a former employee of ConsenSys.&nbsp; 
This stablecoin is set to be 1:1 backed by USD or its equivalent in cash and aims to offer developers and businesses an integrated and easy way to transact and implement DApps. USD3 will be deployed on several blockchains, including Ethereum, Polygon, Avalanche, and Linea. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 USD³ is a 1:1 US-dollar extension. 🔥 Available on <a href="https://t.co/AUHt3jgqJN" target="_blank">https://t.co/AUHt3jgqJN</a>, USD³ simplifies life for developers, streamlining global payments &amp; access to <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#crypto</a> markets for businesses. 🚀 Avaliable soon on <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@Ethereum</a>, <a href="https://twitter.com/0xPolygonDeFi?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@0xPolygonDeFi</a>, <a href="https://twitter.com/avax?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@avax</a>, <a href="https://twitter.com/LineaBuild?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@LineaBuild</a> &amp; multiple major…— Stable.com (@Stabledotcom) <a href="https://twitter.com/Stabledotcom/status/1795887809527431468?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 29, 2024</a>
 </blockquote> 
 </div>
</figure> 
Jack Jia, who is currently a co-CEO of Stable.com explained how they have been addressing the problems and how one can be assured of security and reliability when investing in a project worth around USD3. He stressed that Stable.com is deemed a financial services provider with a given license to operate in the US and has applied and implemented strict compliance measures by industry experts.&nbsp; 
Despite being a new and innovative project, the audibility and authenticity of USD3 will be ensured by internal and external auditing. 
Jia and his co-CEO Jamal Rees, who previously served as the company’s Head of Stablecoins at Unlimit, spoke about the current issues with regulation. They pointed to the fact that in this case there have been improvements in the evolution of international legislation but there is still much confusion regarding the regulation of stablecoins, the other cryptocurrencies. Jia called for increased focus on stablecoins regulation as one of the crucial aspects for their further development and long-term sustainability. 
Stable.com’s proposition is to establish the necessary infrastructure for enabling global users to onboard into the USD3 network at relatively low costs, with low fees, and multiple payment options. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/30/meta-eliminates-ai-driven-influence-accounts-in-china-israel/">Meta Eliminates AI-Driven Influence Accounts in China, Israel</a> 
</blockquote>

Former ConsenSys Employee Launches New Stablecoin USD3

The Crypto Times

Other articles published on May 29, 2024

New Crypto Retik Finance (RETIK) Pulls Investors from Cardano (ADA) After CEX Listings, Hits $3 A...

Donald Trump's Favorite Memecoin Made New ATH, Patient Investor Gained $15 Million!

Crypto Price Analysis: Can Meme Coins Drive Gains Amid Sluggish Market Recovery

Billionaire Cathie Wood Reveals the Real Reason Ethereum Spot ETFs were Approved and the Likeliho...

Why Did Kroo Restrict Crypto Transactions?

JasmyCoin’s Latest Milestone Marks the Asset as the Bitcoin of Japan, Will the Bullish JASMY Brea...

Join our free newsletter for daily crypto updates!