– TrustToken has published an audit report of its bank account holdings which are supporting the supply of TrueUSD
– The Gibraltar Stock Exchange (GSX) is now allowing financial firms to list blockchain-based securities
– PayPal invested in blockchain startup Cambridge Blockchain
– Six international banks are planning to issue their own stablecoins on IBM’s payments network
– Digitec Galaxus will accept payments in cryptocurrencies
TrustToken, the company behind the USD-pegged stablecoin TrueUSD, has published a third-party audit report of its bank account holdings which are supporting the supply of the digital asset.
According to the report, the company holds $199,063,885 in its chest as of March 31, and the balance of issued TrueUSD tokens are 198,982,291.
The Gibraltar Stock Exchange (GSX) is now allowing financial firms to list blockchain-based securities on its GSX Global Market platform.
Starting Tuesday, GSX will offer its clients a wide range of new tokenized products, such as corporate bonds, convertible bonds, asset backed securities, derivatives, open-ended funds, blosed-ended funds.
PayPal has joined a Series A investment in blockchain startup Cambridge Blockchain, a startup working to give individuals a way to own their own online identities without the need of middlemen like Facebook, much the way bitcoin lets its users store value without a bank.
As part of the investment, PayPal’s first in blockchain, the company is exploring how it might use Cambridge Blockchain’s platform to let its users prove who they are while still preventing personal information from being unnecessarily shared.
Six international banks are planning to issue their own stablecoins on IBM’s payments network World Wire, which is powered by Stellar blockchain.
So far three of the banks have been identified – Philippines-based RCBC, Brazil’s Banco Bradesco, and Bank Busan of South Korea – the rest are soon to be named.
Digitec Galaxus, the leading Swiss online retailer, will accept payments in ten different cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), Tron (TRX), NEO (NEO) and OmiseGO (OMG) for purchases worth over CHF 200 (about $200).
“Cryptocurrencies are fascinating and likely to become a relevant means of payment in e-commerce – we want to support this development,” said Oliver Herren, CIO and co-founder of Digitec Galaxus.