Havven to release USD backed coin

Stable coin nUSD for the Havven network is coming out on June 11 and will offer a solution to price volatility
04 June 2018   1137

Havven is releasing its stablecoin nUSD on June 11. The release marks the launch of the Havven network. nUSD is claimed to provide a mechanism to mitigate the price volatility in the blockchain ecosystem. The network itself is notable as it uses a peculiar stability mechanism that rewards havven-holders for providing stability to nomin users.

Havven is collaborating with intimate.io, Swapy and Deconet to make use of nUSD on the aforementioned platforms. First nomin iteration - eUSD, can still converted into ETH (vice versa option is deactivated prior to nUSD release). eStore, an eCommerce platform with nomins support is closed to public until the release of nUSD.

Havven is a decentralized payment network where transactions fees are collected from users of the network. At the moment of publication, the Havven market parameters are as follows:

Average price 0.575490 USD
Market cap 35,073,679 USD
Volume (24H) 1,493,690 USD

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   54

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.