First Stable FDIC Reverse Banking Exchange for USDF

NBH Bank and New York Community Bank become the first USDF investors in the Provenance blockchain. NBH Bank announced new stablecoins and shipped them to New York Community Bank customers as part of its campaign.

USDF is a stablecoin issued by the USDF Consortium, the FDIC-backed banking group announced last week. Ashley Harris, President of the USDF Alliance, said in a statement: "We expect our membership to grow rapidly through 2022 as Bank members view the USDF as important and follow its legacy strategy.

In an interview with the Global Blockchain Business Council on Wednesday, Scott Lucas, marketing director for JPMorgan Chase's technology division, spoke about the need for equity activity in the company.

“Connecting the networks, where you can exchange assets for assets in the network, is where you end, otherwise you will have the extension of the use of isolation which is not commercial”, did he declare.

Provenance is a license-free public blockchain developed by the Provenance Blockchain Foundation for the financial services industry. It is also used in the financial services companies of serial trader Mike Cagney who runs Provenance.

Although USDF affiliates are backed by the FDIC, this does not guarantee that the fixed parts themselves are eligible for transport insurance that protects insurers from loss of up to $250,000 if the bank loses money. 'silver.