PwC Is Advising (Not Auditing) Another Stablecoin Project
CoinDesk
Published Nov 06, 2018 12:15AM ET
Updated Nov 06, 2018 12:45AM ET
The Hong Kong division of global accounting and consulting firm PwC is exploring the best practices for issuing stablecoins, as part of an initiative with the non-profit Loopring Foundation.
Announced Tuesday, PwC Hong Kong's Asia-focused study on stablecoins follows a PwC partnership in the U.S. to advise decentralized lending platform Cred, which is working on a U.S. dollar-tied coin.
Stablecoins or one sort or another are suddenly all the rage, with the likes of Circle issuing its dollar-backed USDC on exchange giant Coinbase, and even big players like IBM (NYSE:IBM) getting in on the act.
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Written By: CoinDesk
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