.JewelBermuda, Bermuda's first digital asset bank, is issuing a Jewel USD stablecoin, $JUSD, on 0xPolygon. cryptauxmargaux reports:
, have been released in order to provide some confidence that clients' assets are fully backed one to one.
Jewel’s partnership with Polygon will mean the blockchain will be used for JUSD transactions, and the bank will leverage the Polygon ecosystem for future commercial and retail stablecoin-based payment solutions. “Our partnership with Polygon Companies helps power a key part of our long-term stablecoin infrastructure, which brings bank-grade safety, speed, and security to stablecoins,” Jewel Bank’s founder and chairman, Chance Barnett, was cited as saying in the release.from the Bermuda Monetary Authority, becoming the country’s first digital asset bank.
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