9.5 C
London
Friday, March 29, 2024
HomeBankingSaga: Launched its SGA stablecoin

Saga: Launched its SGA stablecoin

Date:

Saga: Launched its SGA stablecoin

  • SGA the basket-backed stablecoin envisioned last year by the Saga Foundation long-term play tailoring to two very different goals of the crypto market
  • Largely spooked by Libra, the stablecoin project with a clear roadmap to mass adoption via Facebook
  • SGA’s seemingly contradicting ambitions give rise to a complex game plan
  • Over time SGA will become entirely unpegged and the value of the outstanding tokens
  • SGA is in line with the European Union’s know-your-customer and also anti-money laundering regulations
  • The legislation is far from passing, though if it or similar legislation ever were

Related stories

Tide names former SVP George Schmidt as new regional CEO for UK and Europe

George Schmidt, formerly the senior VP of marketing...

UK paytech Volopa partners ClearBank to expand its SME banking services

London-based paytech Volopa has partnered with embedded banking...

Digital identity specialist Signicat acquires Icelandic counterpart SmartWorks

Signicat, a European provider of digital identity solutions,...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img