A new stablecoin may soon arrive on the scene, to compete with already existing dollar-pegged assets. USD Digital was proposed at the beginning of October, and will be issued and run by the Global Currency Organization (GCO).
USDD boasts of being an “institutional-grade stablecoin”, aiming at a global network to allow moving between fiat and crypto assets. The GCO also works on a revenue-sharing platform, to propose incentives to exchanges, wallets, and OTC desks that adopt USDD.
“We are excited to introduce a stableco...