Novi Financial, formerly known as Calibra, plans to collaborate with existing stablecoins.
In the summer of 2019, Facebook announced plans to issuing a stablecoin called Libra. The coin was to be backed by a basket of currencies and other assets and managed not by Facebook, but by an independent organization, the Libra Association. The Calibra wallet was developed specifically for Libra.
Almost immediately after the statement was released, regulators in a number of countries criticized Libra.
Last spring, Facebook renamed the Calibra wallet to Novi. Novi Financial is a new company responsible for developing the wallet and digital coin.
According to The Block, Novi is in talks with Paxos and Circle in order to integrate USDC and PAX into its wallet. The release of the planned Diem USD remains in doubt.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
According to www.theblockcrypto.com
You May Also Like
In Japan, stablecoins are not considered cryptocurrencies
The Japanese financial regulator, the Financial Services Agency (FSA), does not classify stablecoin as a cryptocurrency. While emphasizing that fiat-pegged coins are likely not digital currencies, the regulator has clarified the registration requirements for issuers and sellers of these tokens.
Over the past 2 weeks, Tether has printed another 3 billion USDT
This Saturday, another 1 billion USDT was released on the TRON blockchain. The total stablecoin supply is around 76 billion.
