Home Breaking: New York Department Of Financial Services approves two stablecoins pegged to USD

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Breaking: New York Department Of Financial Services approves two stablecoins pegged to USD

Published date: 11 Sep. 2018 | 08:44

New York Department Of Financial Services (NYDFS) approved two proposals from the companies seeking to create so called stablecoins pegged to US Dollar. NYDFS granted BitLicense for stablecoins for Gemini Trust Company and Paxos Trust.

The cryptocurrency market reaction is muted so far as BTC/USD is trading at $6,337, unchanged since the beginning of the day; Ethereum sits below $200 handle at $195, while XRP/USD is changing hands at $0.27.

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