Robinhood Earn Adds 7% USDG Yield Offer As Stablecoin Competition Heats Up
Robinhood added a 7% APY USDG Earn structure as stablecoin competition expands across retail crypto platforms.
Crypto News·
South Korean crypto exchange Upbit has rejected claims that it is participating in the issuance of Open USD after being listed among more than 140 organizations associated with the proposed stablecoin. According to a statement issued by Upbit, the exchange…
Read full articleRobinhood added a 7% APY USDG Earn structure as stablecoin competition expands across retail crypto platforms.
Open USD's unveiling hit early controversy after multiple Korean companies said they only learned about their inclusion through media reports.
Some companies that appeared to be listed in the Open USD Consortium have refused to approve their inclusion. Blockmedia’s BD Head, Tony Chung, indicated that Korean powerhouse Samsung stressed it did not consent, while other names also offered similar takes. Open USD Immersed in Unapproved Inclusion Scandal With Companies Like Samsung Open Standard, the consortium […]
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Samsung has distanced itself from the founding consortium behind the proposed OUSD stablecoin after being named among more than 140 partners announced for the project. According to a report by Chosun, several South Korean companies listed as founding members of…
The withdrawal of key players like Upbit and Samsung raises doubts about OUSD's partner claims, potentially impacting stablecoin market dynamics. The post Upbit joins Samsung in declining participation in Open USD issuance appeared first on Crypto Briefing.
OFAC's July 1 action added 134 crypto addresses; Tether froze 131 TRON USDT wallets tied to ISIS-K, per Chainalysis. Three Monero entries remain unfrozen.
Upbit said it only expressed interest in potentially joining the OpenStandard ecosystem in the future, as several South Korean firms distanced themselves from the OUSD initiative.