Mike Cagney,
“USDF opens up endless possibilities for the ever-expanding world of DeFi trading.
The ease and speed of using USDF for on-chain transactions was demonstrated this fall when NYCB mined USDF used to settle securities transactions conducted on exchange systems. replacement of Fig.
We are extremely excited that NYCB is scheduled to mine USDF on demand and on a regular basis in the coming weeks. ”
The USDF stablecoin will be programmed to prevent transfers to wallets without your bank’s compliance with your customers or anti-money laundering review processes, according to the project’s website.
The USDF Consortium also claims their stablecoin will meet the recommendations made in the President’s Working Group Report on the Field.
Alberto Andrei Rosu / Sensor