by Joe Vellanikaran, CEO of Global Currency Organization The revolution of decentralized finance (DeFi) is only just getting off the ground. While blockchain and Bitcoin continue to attract attention, the current volatility of the market may still be scaring off some users. It’s within this volatile environment that stablecoins have…

The new stablecoin, USD Digital (USDD), is being launched by the Global Currency Organization (GCO), which plans to share revenue with a global network of institutional partners. The Global Currency Organization (GCO) announced the release of USD Digital (“USDD”), a new US dollar-backed stablecoin. US dollars that back the stablecoin are held by a third-party trust company. GCO intends to share its revenues* with participating exchanges, wallet companies, and OTC desks. By opening up the stablecoin model…