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USDF
FirstBank Executive on Why Banks Are Launching a Consortium to Mint Stablecoin ‘USDF’
FirstBank has joined the USDF Consortium, an association of FDIC-insured financial institutions, to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin “USDF.” FirstBank Chief Administrative Officer Wade Peery shares insights into the Consortium and the state of stablecoins as part of a larger discussion on the crypto markets.
Crypto News Roundup: Jack Dorsey Announces Bitcoin Legal Defense Fund, US Banks Offer USDF Stablecoin and More
Block CEO Jack Dorsey is proposing the Bitcoin Legal Defense Fund to defend developers from lawsuits about their activities in the Bitcoin ecosystem. A group of U.S. banks to offer its own stablecoin "USDF" in a move to tackle concerns regarding reserves behind nonbank-issued equivalents. Investors are suing Kim Kardashian and Floyd Mayweather over an alleged EthereumMax scam. CoinDesk's Galen Moore weighs in on the top crypto headlines.
