Major crypto firms united to introduce the Global Dollar (USDG) stablecoin, which will streamline the stablecoin landscape and accelerate adoption. The USDG will use nearly 100% of the revenue generated from its reserve assets to reward network partners rather than the issuer.
The MAS-compliant single-currency stablecoin (SCS) pegged to the U.S. dollar on a 1:1 basis will be used as an interoperable building block for open-source smart contracts to enable developers to create n