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ARTICLE · 13 NOVEMBER 2024

Weekly Blockchain Blog – November 11, 2024

BakerHostetler
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According to recent press releases, multiple major fintech and digital asset companies have partnered to introduce the Global Dollar Network as an open network designed to accelerate stablecoin usage globally.

United StatesTechnology
Robert A. Musiala Jr.
Robert A. Musiala Jr.
Keith R. Murphy
Keith R. Murphy
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In this issue:

  • Crypto Firms Launch Stablecoin Network and Custody Service, Achieve Licenses
  • Exchanges Launch, Acquire Broker-Dealers; $2.68B in Tokens Set to Unlock
  • Traditional Financial Institutions Announce Tokenized Fund Initiatives
  • Web3 Company Receives Wells Notice; Data on SEC Crypto Enforcement Published
  • New Data Published on Crypto Hacks and Russian Crypto Crime
  • Article: A Tale of Two Philosophies: Crypto and Capital Markets Under Harris and Trump

Crypto Firms Launch Stablecoin Network and Custody Service, Achieve Licenses

By Keith R. Murphy

According to recent press releases, multiple major fintech and digital asset companies have partnered to introduce the Global Dollar Network as an open network designed to accelerate stablecoin usage globally. As noted in the press releases, central to the network is the new Global Dollar (USDG), a U.S. dollar-backed stablecoin issued in Singapore by Paxos. The network reportedly aims to

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