The government of Palau is set to launch a pilot project for a U.S. dollar-backed stablecoin, the Palau Stablecoin (PSC), which will be issued on the XRP Ledger. The stablecoin’s initial release will see PSC disbursed to government employees.
Seychelles-based cryptocurrency exchange KuCoin has recently denied it has any large-scale staff layoffs in the pipeline, and instead referred to headcount changes as routine organizational adjustments.
Big four accounting firm Deloitte is set to enhance its clients' blockchain tracking capacities through a new strategic partnership with Chainalysis, a leading name in the crypto analytics field.
Top stories in the Crypto Roundup today:
- Palau Launches U.S. Dollar-Backed Stablecoin Pilot on Ripple’s CBDC Platform
- KuCoin Refutes Allegations of Large-Scale Staff Reductions
- Deloitte Partners with Chainalysis to Boost Blockchain Tracking for Clients
- Stablecoin Trading Volumes Rise for First Time Since March