Industry's 7th Largest ETF to Launch Regulated Stablecoin
Main page News, US Market, US, Crypto Market, Cryptocurrency, Stablecoins
Hot topic
Jan. 13, 2020
398 398

A New York-based exchange-traded fund (ETF) WisdomTree, which is currently the industry's seventh-largest ETF provider in the U.S. with an asset portfolio for $ 63.8 billion, plans to launch a regulated stablecoin, iHodl Russia has learned.

WisdomTree reportedly wants the U.S. Securities and Exchange Commission (SEC) to approve its stablecoin and oversee it in the future.

WisdomTree founder Jonathan Steinberg claims that in the space of regulated stablecoins, WisdomTree plans overtake State Street, Fidelity, and other companies.

China to Launch Country's First Blockchain ETF

Earlier iHodl reported that cryptocurrency exchange Kraken added support for the second-biggest stablecoin in the world USD Coin (USDC) starting January 8.

Access more than 50 of the world's financial markets directly from your EXANTE account– including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error