Blockchain
USDF Consortium™ Members Demonstrate Interoperability of Bank-Minted Stablecoin
Two USDF Consortium™ members completed a first of its kind transaction over the Provenance Blockchain. NBH Bank, a subsidiary of National Bank Holdings Corporation (NYSE: NBHC) minted USDF and sent it to a customer of New York Community Bank, the banking subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB), as a test to demonstrate bank-to-bank interoperability on a public blockchain. NBH Bank’s minted USDF represented the capital contribution for its founding membership in the USDF Consortium, an association of FDIC-insured financial institutions with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin (USDF™). USDF is minted exclusively by banks.
“We believe that this transaction not only demonstrates the bank interoperability of USDF, but also demonstrates the ability for banks to offer their clients new and safe payment applications with real time settlement at a low cost,” said Valerie Kramer, Chief Digital Officer at NBH Bank. “USDF facilitates the compliant transfer of US Dollar value on the blockchain, removing friction in the financial system and expanding digital access to financial opportunities.”
As previously announced, New York Community Bank and NBH Bank, along with First Bank, Sterling National Bank, Synovus Bank, Figure Technologies, Inc., and JAM FINTOP are the founding members of the newly launched USDF Consortium.
“This first-of-its-kind transaction is only the beginning as the Consortium will continue doing the foundational work to allow banks to leverage the breakthrough technology of blockchain for responsible innovation and growth,” said Ashley Harris, Chair of the USDF Consortium. “We expect our membership to increase rapidly through 2022 as member banks demonstrate that USDF is a valuable, compliant component of their digital asset strategy.”
The USDF Consortium is accepting new members as it looks to grow. Interested banks can visit www.usdfconsortium.com to learn more about the Consortium, USDF, membership requirements, and how to apply to become a member.
Blockchain
Sui’s Path Forward: Bybit Web3 and Sui Foundation to Host Exclusive Debate Live at Taipei Blockchain Week
Bybit Web3
Prosper, the leading decentralized protocol offering institutional-grade Bitcoin mining power on-chain, proudly announces its role as the official Hashrate Sponsor for Bitcoin MENA 2024. The highly anticipated conference will take place on December 9-10, 2024, at the iconic Abu Dhabi National Exhibition Centre (ADNEC), bringing together industry experts and key players from the global Bitcoin ecosystem and the wider crypto industry.
As the official Hashrate Sponsor, Prosper will feature prominently at the event and host an interactive booth where attendees can engage directly with its team and explore how Prosper is setting the standard for institutional-grade Bitcoin mining power on-chain, further unlocking Bitcoin’s full potential as the most decentralized cryptocurrency.
“As one of the most innovative community-focused projects under Animoca Brands, we are excited to showcase our unique offering at this year’s Bitcoin MENA event which aligns perfectly with our mission to democratize access to Bitcoin and its mining power,” said Milton Lam, Advisory Council Member & Launch Partner, Prosper. “Our participation underscores our leadership in institutional-grade Bitcoin mining innovation, advancing the possibilities of the world’s original and most decentralized cryptocurrency.”
Bitcoin MENA 2024 will bring together global leaders and influential voices, including Eric Trump, Prince Filip of Serbia and Saifedean Ammous, to shape the conversation on Bitcoin’s future.
Eric Trump, Executive Vice President of the Trump Organization, will deliver a keynote address at Bitcoin MENA 2024, marking a significant milestone for the event. His participation brings a wealth of business acumen and leadership experience to discussions on Bitcoin’s growing adoption in the Middle East. Following Donald J. Trump’s appearance at Bitcoin 2024 in Nashville this July, the Trump family’s growing support for Bitcoin as a solution to combat inflation in the U.S. underscores the event’s importance.
Other notable attendees include Prince Filip of Serbia, Saifedean Ammous, author of The Bitcoin Standard and Abdulla Al Dhaheri of the Blockchain Centre Abu Dhabi. Their involvement highlights Bitcoin MENA’s influence and Abu Dhabi’s emerging role as a central hub in the global Bitcoin economy.
The Abu Dhabi edition of the Bitcoin Conference promises to be a transformative event, uniting institutional investors, developers, influencers and enthusiasts to explore Bitcoin’s rapidly growing potential in the region and globally.
The post Prosper Powers Bitcoin MENA 2024 as Official Hashrate Sponsor appeared first on News, Events, Advertising Options.
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