KCN: WISDOMTREE GOING ON THE LAUNCH OF A REGULATED STABLECOIN

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WISDOMTREE GOING ON THE LAUNCH OF A REGULATED STABLECOIN

WisdomTree going on the launch of a regulated stablecoin. According to FNLondon: “WisdomTree, an asset manager that oversees $63.8bn, is rushing to launch a regulated cryptocurrency in the US to get ahead of industry giants BlackRock and Fidelity Investments in the digital currency space. The company plans to unveil a so-called stablecoin — a digital currency pegged to a basket of assets, such as gold, fiat currencies or government debt. WisdomTree wants the Securities and Exchange Commission, the US financial watchdog, to approve and regulate the product but declined to comment on whether talks have begun”… The news release partner STEX.com.

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