Amerant Bank, ConnectOne Bank and Primis Bank have joined the founding members of the USDF consortium, consisting of New York Community Bank, Synovus Bank, NBH Bank, First Bank and Webster Bank, which...
Tag: USDF
USDF Consortium Chair – Ashley Harris Talks To Us About The Future Of Stablecoins
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FDIC-Backed Banks Send Stablecoins in USDF First
NBH Bank and New York Community Bank have conducted the first USDF transaction over the Provenance Blockchain. NBH Bank minted the newly introduced stablecoin and sent it to a customer of New York Com...
Group of US Banks Launch Initiative To Promote Adoption of New ‘USDF’ Stablecoin
US banks are jumping headfirst into the world of stablecoins as a group of US-backed financial institutions makes plans to mint a new stablecoin. According to a press release, the “USDF Consortium” wi...
NYCB and Group of Banks Join to Launch USDF Stablecoin – Bitcoin News
A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue US...
U.S. Banks Form Consortium to Mint USDF Stablecoins
The USDF Consortium is an association of Federal Deposit Insurance Corporation (FDIC) insured financial institutions that launched on January 12th. The founding members of the consortium include New Y...
Consortium of U.S. Banks Proposes “USDF” Stablecoin
Key Takeaways A group of U.S. banks has formed the USDF Consortium, which has the goal of creating a bank-backed stablecoin. The Consortium says it wants to offer a “more secure” stablecoi...