The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S.
This story was originally published by CoinDesk.
The Plume affiliate plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets, with traditional shareholder rights preserved.
Goldman Sachs, Citigroup, Santander and Deutsche Bank have committed about $270 million to Project Faro, a joint bank stablecoin. The money funds five years of running a planned US issuer that…
Stacey Cunningham, who recently joined digital asset platform Bullish as President, sees the company’s planned Equiniti acquisition and focus on stock issuers as key to its tokenization ambitions.
The funding, backing a U.S.-incorporated issuer codenamed “Project Faro,” covers five years of operations as traditional lenders move to challenge crypto-native giants Tether and Circle.
CryptoQuant reports that USDT market capitalization contracted by $6.6 billion over 60 days. CryptoQuant says the contraction exceeded twice the comparable December 2022 decline following FTX’s…
Visa has added Monad as a stablecoin settlement option for participating issuers and acquirers. Monad’s Private Settlement feature remains under development despite the network’s inclusion. Visa…
