As reported by The Block, the project seeking a Bermuda license, is building a clearing house for stablecoins like USDT, USDC and TrueUSD, and even DAI. The idea is to allow users to make exchanges between various stablecoins.

This approach may allow users to be less wary of the particular stablecoin projects. It could even in the future, just like the 19th-century clearing houses, allow detecting when a given stablecoin project over-issues its token beyond its available reserves. The project team hopes that their platform will help deliver mass adoption of stablecoins.



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