Today news
About the same in other media
03.01 - 21:19
03.01 - 13:01
22.12 - 18:07
SEBA Bank launches regulated gold token to enable digital ownership of physical gold
Reading now: 915
On Dec. 15, SEBA Bank, a licensed Swiss digital assets banking platform, launched a regulated digital token backed by physical gold and exchangeable for delivery. SEBA claimed that due to its regulatory-compliant nature and the low volatility of gold prices, the gold token could eventually be used as a stablecoin for on-chain transactions.
In other words, the design of the gold token bears similarity to gold standards, where fiat currencies are backed by their exchangeability to physical gold in addition to faith entrusted in governments that issue them. In 1971, U.S. President Richard Nixon took the dollar off the gold standard, where it was established that every $35 in dollars could be exchanged for one ounce of gold as per the 1944
Read more on cointelegraph.comAbout this in other media
European Banks Prepare for Pullback in ECB Stimulus wsj.com /2 years ago
Russia Still No Closer to Regulating Crypto Despite Central Bank ‘Concession’ cryptonews.com /2 years ago
BNP Paribas agrees to $16.3bn sale of Bank of the West to BMO Financial Group fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
