It’s a busy week for believers of stablecoins.
Carbon launched on Wednesday the third stablecoin making its debut this week — joining Gemini dollar and Paxos. On Sept. 10, Gemini and Paxos were approved by New York State Department of Financial Services (NYDFS) as regulated stablecoins, a move widely-hailed by fintech enthusiasts.
CarbonUSD runs on Ethereum blockchain. Carbon chief marketing officer David Segura says the firm’s digital coin is a “compliant, price-stable cryptocurrency that is one-to-one backed with [U.S.