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WisdomTree Launches USDW Stablecoin Backed by U.S. Dollar
WisdomTree Launches USDW Stablecoin Backed by U.S. Dollar
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BTCCSquare news:
Global asset manager WisdomTree has entered the stablecoin market with USDW, a dollar-pegged digital asset issued by its New York-chartered trust company. The launch follows recent U.S. regulatory developments, including the GENIUS Act that imposes stricter stablecoin oversight.
Built on Stellar's blockchain and distributed via WisdomTree Prime, USDW serves as both a payment instrument and gateway to tokenized funds like WTGXX. "This is Core to our integrated digital finance strategy," said Will Peck, WisdomTree's digital assets lead. The stablecoin—a rebranded version of its earlier WUSD product—will also facilitate dividend distributions for eligible investors.
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