NEW: NBH Bank and New York Community Bank have conducted the first $USDF stablecoin transaction. HeleneBraunn reports
NBH Bank and New York Community Bank have conducted the first USDF transaction over the Provenance Blockchain. NBH Bank minted the newly-introduced stablecoin and sent it to a customer of New York Community Bank as part of a test run.
, a group of FDIC-backed banks which announced its formation last week. “We expect our membership to increase rapidly through 2022 as member banks demonstrate that USDF is a valuable, compliant component of their digital asset strategy," said USDF Consortium chair, Ashley Harris, in a press statement.
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