Microsoft has participated in a $46 million investment round to back Korea-based blockchain gaming operator Wemade.
Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan Asset Management and Kiwoom Securities. The round, which involved Wemade selling convertible bonds, saw Microsoft purchase $14.8 million in these bonds.
The stablecoin, which is pegged to the U.S. dollar, is backed entirely in USDC and operates through a balancing protocol called Dios, which is designed to allow the price to be maintained even as the asset faces periods of peak demand. On this experimental launch, Chang stated: If Wemix operates successfully as planned, it will not only contribute to the growth of the mainnet ecosystem of Wemix but also become a key currency for blockchain transactions.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency – Blockchain Bitcoin NewsThe training is intended to hasten the adoption of the technology and make Nigeria a leading player in the blockchain industry. blockchain
Leer más »
Mastercard adds 7 blockchain startups to its crypto acceleratorPriceless. Global payment giant Mastercard continues supporting crypto and blockchain startups as part of its fintech accelerator, the Mastercard Start Path program. (Reporting via coindanslecoin)
Leer más »
Hydro-Quebec seeks to cut power to blockchain minersThe public utility provider, Hydro-Quebec, cited increased demand for electricity in its bid to cease services to the blockchain industry.
Leer más »
JPMorgan, DBS Bank, SBI Complete Live Defi Trades on Public Blockchain – Regulation Bitcoin NewsJPMorgan, DBS Bank, and SBI have completed their first live trades on a public blockchain using decentralized finance (defi) under the supervision of Singapore's central bank.
Leer más »
UBS AG launches digital bond settled on blockchain and traditional exchangesSwiss investment bank UBS AG has a new kind of bond, claiming to be the first publicly traded and settled on both blockchain-based and traditional exchanges.
Leer más »