Metacomp allows clients to buy securities such as Treasury bills by converting stablecoins into fiat on their behalf.SINGAPORE – MetaComp, a digital asset platform, said it is offering clients the ability to buy traditional securities such as money market funds and U.S. Treasury bills for stablecoins – which it converts to fiat – in a first for Singapore.
Stablecoins form the backbone of crypto trading. Tether is the most-traded cryptocurrency, with volume of $22.6 billion in the past 24 hours, more than bitcoin and ether – second and third placed respectively – combined, according to CoinMarketCap data. USDC is the fourth most traded, with $3.5 billion turnover.
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