Wrapped Bitcoin—an ERC-20 token that is backed on a 1:1 basis with BTC—is now being accepted as collateral for MakerDAO loans. It’s a significant development, not least because the crypto community has lamented the lack of a bridge between BTC and ETH for some time.
Tether launches gold-backed cryptocurrency
The new Tether Gold tokens will be backed by one fine troy ounce of gold stored in a secure Swiss vault, the company said
Tether launched a gold-backed cryptocurrency, tether gold (XAUT), that can be redeemed for one fine troy ounce of gold stored in a secure Swiss vault—assuming you can redeem 430 tokens currently worth about $670,000 at once.
Paxos and Binance to launch dollar-based stablecoin
Meanwhile, asset-backed PAX Gold hits market Thursday
Paxos Trust, the company behind stablecoin Paxos Standard, announced plans to launch two new asset-backed coins.
United Nations turns to blockchain technology
The international body casts a wide net in its experiments
The United Nations Office of Drugs and Crime is reportedly planning to partner with telemedicine and telepsychology firm doc.com to provide free basic medical services in East Africa, where Focus Economics says three of the 10 poorest countries in the world are located.