
stablecoin
Simplex Announces Stablecoin Issuance and Redemption System "Simplex Stablecoin"
Simplex has launched its stablecoin issuance and redemption system "Simplex Stablecoin." Stablecoins are payment instruments that possess the characteristics of cryptocurrencies—enabling instant and low-cost transfers—while maintaining stability by pegging their value to fiat currencies. With the amendment of the Payment Services Act in June 2023, which