The Universal Protocol (UP) Alliance, a coalition of firms including crypto exchange and decentralized browser , will launch its own -pegged in April, according to a on March 28.
The UP’s stablecoin, dubbed the Universal Euro (UPEUR) will be pegged to the euro on a 1:1 basis and will reportedly allow to earn up to 8 percent interest.
The Universal Euro will purportedly be available directly on digital money platform and participating exchanges, as will be accepted by crypto custodian and device providers such as BitGo and .
The new stablecoin targets residents in countries with high or limited access to traditional , according to the press release. By using UPEUR, users will be able to lend their euro-pegged assets and earn interest.
in 2018, The Universal Protocol Alliance represents an association of six industry organizations such as Bittrex, open-source pay-to-surf browser Brave, university-based eco-system for , events firm , startup , and Uphold.
CertiK was by academics at Columbia University to develop a formal verification framework that aims to mathematically prove that and ecosystems are free from breaches and security-resistant.
The new stablecoin initiative comes amidst increasing of stablecoins. Recently, Star Xu — founder of exchange services provider OKCoin and crypto exchange — OK Group’s partnership with -focused trust company Prime Trust, purportedly allowing the firm to launch its own compliant stablecoin.
Previously, head of solutions at tech giant that bank-targeted stablecoins will be a major forthcoming development for the company’s cross-border payments solution.
Published at Sat, 30 Mar 2019 03:55:20 +0000
