Winklevoss Brothers To Launch Fiat-Backed Stablecoin, Paxos Already Did It.
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- Tyler and Cameron Winklevoss, creators of cryptocurrency trading platform [Gemini, have received permission from New York regulators to launch their own stablecoin.](https://cointelegraph.com/news/winklevoss-brothers-launch-fiat-backed-stablecoin-after-new-york-regulators-green-light?utm_source=newsletter1&utm_medium=email)
 
- U.S. multinational bank [Citigroup is developing a cryptocurrency product](https://cointelegraph.com/news/citigroup-to-let-investors-trade-custodian-held-cryptocurrency-sources-claim?utm_source=newsletter1&utm_medium=email) to give institutional investors access to crypto markets, without owning crypto assets directly.
 
- Blockchain Trust company [Paxos has launched a USD-backed stablecoin,](https://cointelegraph.com/news/blockchain-trust-company-paxos-launches-ny-regulator-approved-usd-backed-stablecoin?utm_source=newsletter1&utm_medium=email) following approval from New York regulators.
 
- Stellar-focused company [Lightyear has acquired Visa-Backed Blockchain Startup Chain](https://cointelegraph.com/news/stellar-focused-firm-acquires-visa-backed-blockchain-startup-chain?utm_source=newsletter1&utm_medium=email) to create a new digital assets management platform dubbed ‘Interstellar.’

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