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Access here alternative investment news about New Gold-backed/redeemable, Usd-pegged Stablecoin Aims To Ease Institutional Investment Into Crypto | Business Wire
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New Gold-backed/redeemable, Usd-pegged Stablecoin Aims To Ease Institutional Investment Into Crypto | Business Wire

by businesswire.com posted 2months ago 258 views
TORONTO, Ontario--(BUSINESS WIRE)--Vault, the Canadian-Swiss smart contract platform, today announces that it has secured funding to launch USDVault, the world’s first 1:1 USD-pegged stablecoin backed by and redeemable for LBMA gold bullion stored in Swiss vaults. The company is backed by a consortium of precious metals focused private equity funds, explorers, miners, and refiners and has attracted talent from top schools and employers including Yale, Wharton, JPMorgan, Morgan Stanley, Goldman.