Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem.

In a press release shared with Cointelegraph on Dec. 2, Tribe Accelerator revealed that a total of $28 million had been raised to date to support start-ups from around the world attempting to solve real-world problems with blockchain technology. 

The first group of startups reportedly raised over $12.2 million within three months. Managing partner of Tribe Accelerator Ng Yi Ming commented:

“Another successful round of fundraising underscores the relevance of blockchain technology in solving real-world problems. Every idea or solution shared dur

Former Employees of JP Morgan, Intel and TrustToken Launch Stablecoin

The Global Currency Organization (GCO) is launching a new U.S. dollar-backed stablecoin, dubbed the USD Digital (USDD).

In an Oct. 1 press release shared with Cointelegraph, the GCO announced the launch of the USDD, a new stablecoin pegged to the U.S. dollar. The organization, which is a new project led by former employees of JPMorgan, Intel and TrustToken, said that it plans to make the stablecoin model available to a worldwide network of partners, to focus on the possibility for end users to move between cryptocurrencies and fiat.

The San Francisco-based team said that they decided to launch the o

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