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The Ledger: Soulja Boy's 'bitcoin' Millions, Pwc Backs Stablecoin

by fortune.com posted 8months ago 41 views
Exploring the intersection of finance and technology. : PricewaterhouseCoopers, the top accounting firm better known as PwC, is backing a cryptocurrency—specifically, a so-called stablecoin backed by the U.S. dollar. The accounting firm is partnering with Cred, a decentralized lending startup that’s developing a new stablecoin pegged to the dollar, PwC announced Monday. PwC will lend its accounting expertise to ensure Cred’s dollar-backed coin “can provide 100% transparency and value substantiation,” the firm said in a statement.

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