Fiat-backed stablecoins are no different. Financially speaking, sending someone 100 USDC is no different than sending them $100 via Venmo. In both cases, one user is handing over a claim against a balance sheet – Circle’s versus PayPal’s – to another. From the issuers point of view, each dollar held by its user is just a liability, to be matched against equivalent assets.
CME Group to Launch XRP Futures Amid Rising Demand for Regulated Crypto Merchandise
CME Group is about to introduce XRP futures on Might 19, pending regulatory approval. The transfer expands its crypto derivatives...
