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Stablecoins can be broken down into 3 categories: asset-backed, crypto-backed, and non-backed. To this we need to include 3 additional dimensions; pegged, collateralized and redeemable.
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Tibado is a fiat-backed stablecoin micropayment system based on an Autonomous Finite State Machine (AFSM) which controls a live coin ledger. The transactions are not known to the cash box which means there are no transaction fees and the user’s privacy is preserved.
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The Algorand platform is explicitly designed with the idea of catering to large scale payment processing, enterprise uses, mainstream user adoption, and a vision of a “borderless economy” from scratch.
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Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT, the global messaging system used by over 11,000 financial institutions.
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According to a calendar notice on the House of Representatives’ website, the committee will hold a one-panel hearing with SEC Chairman Jay Clayton, as well as Commissioners Robert Jackson, Elad Roisman, Allison Lee and “Crypto Mom” Hester Pierce on Sept. 24 in the Rayburn House Office Building.”