USDF stablecoin consortium adds 3 more banks

03/10 03:36

According to CoinDesk, Amerant Bank, ConnectOne Bank and Primis Bank have joined founding members New York Community Bank, Synovus Bank, NBH Bank, First Bank and Webster Bank in the USDF Consortium, the group said in a statement Wednesday. The USDF Consortium formed in January to tackle concerns over fiat-pegged cryptocurrencies issued by non-bank entities. The USDF token is minted exclusively by U.S. banks and represents a deposit at a USDF Consortium bank. USDF has only been minted on a test-case basis to date.

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