State Street Corp. Plans to Launch New Dollar-Pegged Stablecoin Amid Regulatory Shifts

State Street Corp., a global financial services firm, is planning to issue a new stablecoin. The stablecoin, tied to the US dollar, will be similar to Tether (USDT) and USD Coin (USDC). Recent developments include State Street’s collaboration with Galaxy Asset Management and the launch of a crypto-focused unit. State Street Corp. is set to

Source: CoinOtag