1️⃣ The SEC incorporates officials with experience in cryptocurrencies as part of its leadership reform‼️ The U.S. Securities and Exchange Commission (SEC) announced four high-level appointments on Friday. Notably, among the latest appointments are two officials with experience in digital assets. The first is Jamie Selway, who will assume the role of Director of the Division of Trading and Markets on June 17. The second is Brian T. Daly, who will assume the role of Director of the Division of Investment Management on July 8.
1️⃣ Walmart and Amazon are exploring the possibility of issuing their own stablecoins❓ According to a report from the Wall Street Journal, retail giants Walmart and Amazon are exploring plans to issue their own stablecoins backed by U.S. dollars. This potential move aims to reduce friction in payments, streamline settlement, and lower costs associated with traditional financial systems. The potential launch of the stablecoin will likely depend on pending federal policy decisions.
1️⃣ Circle's stablecoin launches on the World project, backed by Sam Altman✨ Circle, a stablecoin issuer, has launched its USDC stablecoin on World Chain, the blockchain of the decentralized identity project created by Sam Altman, CEO of OpenAI. World has also joined Circle's Cross-Chain Transfer Protocol (CCTP V2), which streamlines and reduces the costs of transferring USDC across compatible chains. The world declared, Nearly two million people in World already had USDC in their World app wallets. It has now been upgraded to native USDC, issued directly by Circle. World has a unique global distribution, with over 27 million users in more than 160 countries.
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1️⃣ The French bank Société Générale will launch a stablecoin pegged to the US dollar in #Ethereum and #solana 🔍 SG Forge, the cryptocurrency division of the French banking giant Société Générale, has announced its plans to launch a #stablecoin pegged to the US dollar, with New York-based BNY Mellon as the reserve custodian of the token. The stablecoin, called USD CoinVertible (USDCV), will be launched on Ethereum and Solana. USDCV follows SG Forge's euro-denominated stablecoin EURCV, which debuted in April 2023.