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stablecoin
2026-07-10 01:26:13

US Banks Launch USDF Stablecoin, First Minted by FDIC-Insured Institutions

A consortium of five US banks, including NYCB, launches USDF, the first stablecoin minted by FDIC-insured institutions. The coin targets DeFi, payments, and settlements, addressing regulatory concerns of non-bank stablecoins and bringing traditional banking into crypto.

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US Banks Launch USDF Stablecoin, First Minted by FDIC-Insured Institutions