avatar

El Salvador’s Banking Platform Galoy Launches Bitcoin-backed Synthetic Dollar

El Salvador’s banking platform Galoy launches Bitcoin-backed synthetic dollar. By leveraging derivatives contracts to produce a synthetic dollar backed by bitcoin and tied to the US dollar, Stablesats seeks to offer an alternative to the present stablecoin network and regular-way bank integration.
Source

Bitcoin

Stablecoins

Related News
Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030 Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
BlackRock launches bitcoin ETP in Europe following US success BlackRock launches bitcoin ETP in Europe following US success
Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies
Latest News More More
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
3 Days Ago USDC closes in on $61 billion as institutional demand outpaces USDT growth
4 Days Ago Kraken launches forex perpetual futures with up to 20x leverage
4 Days Ago Bybit CEO says nearly 28% of $1.4 billion hacked crypto 'gone dark,' moved to P2P and OTC

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open