Stablecorp, the firm behind the issuance and management of the QCAD (the Canadian Dollar stablecoin), announced a partnership with Algorand, the leading scalable, secure and decentralized blockchain network, to launch the digital asset on the Algorand blockchain. Stablecorp has been awarded an Algorand Foundation Grant and through this collaboration will continue to grow the fiat-backed stablecoin capability on Algorand and will be the first non-USD backed stablecoin to be issued on the network.
REINNO has partnered with MakerDAO and integrated its protocol to offer investors the opportunity to earn fixed interest on Dai stablecoin. When stored on REINNO's platform, Dai (DAI) will generate up to 8% interest for those holding the currency. The funds are secured by real estate-backed overcollateralized loans.
Stable Universal and Paxos Global Jointly Launch Industry-First 1:1 Conversion Between Stablecoins HUSD and PAX on Huobi
Paxos Global PTE Ltd, a fintech company that digitizes and mobilizes assets, and Stable Universal, today announced at the Eurasia Blockchain Summit that 1:1 conversion between HUSD and PAX is now supported on Huobi Global. This marks the first time that two stablecoins are available for 1:1 conversion, allowing for open circulation. The same functionality will be available on the Paxos platform in the near future.
Celsius Network Partners with TrustToken to Offer High Interest Income on TGBP TAUD TCAD THKD TUSD Stablecoins
Celsius Network (https://celsius.network/), the industry-leading cryptocurrency interest income platform, announces today it has added support for four new stablecoins from TrustToken (https://www.trusttoken.com), one of the leading global stablecoin providers. The Celsius Network platform now pays up to 10% APR on 10 different stablecoins pegged to stable currencies around the world.