On Monday, Bermuda-based Jewel Bank announced Jewel Bank will create a stablecoin with full backing known as Jewel USD (JUSD). The bank will serve digital asset firms worldwide, providing basic banking, payments, and settlements, according to the press release issued June 7. Jewel Bank received Bermudas Banking and Financial Services Authority (BMA) approval…
Tag: stablecoin
Of Stablecoins and CBDCs
In the future, who knows? Perhaps there will be a universal barcode a merchant can put on their shop window or website and receive payment from any cryptocurrency at any time. If not, merchants will have decisions to make. Do they wish to accept Bitcoin? Or do they wish to accept not only Bitcoin but…