Article: Anchorage Is Supporting DeFi Governance Token TRIBE Despite Its FEI Troubles

Money, Open Governance, Standards

Anchorage Is Supporting DeFi Governance Token TRIBE Despite Its FEI Troubles

U.S.-regulated cryptocurrency custody firm Anchorage is adding support for TRIBE, the governance token attached to the FEI stablecoin, which tanked terribly after attracting a record $1.2 billion in backing.

Thanks to a lot of hype and speculation, FEI, which employs a novel system of incentives and penalties to hold parity with the dollar, has turned out to be an unstable stablecoin – at least since its explosive launch last week. The support of Anchorage is intended to help the project find its feet, Anchorage co-founder Diogo Mónica said in an interview with CoinDesk.

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Article: Linux Foundation blockchain forum: Digital Asset, IBM, Credits and London Stock Exchange on board

Money, Open Governance

Linux Foundation blockchain forum: Digital Asset, IBM, Credits and London Stock Exchange on board

The project will develop an enterprise grade, open source distributed ledger framework and free developers to focus on building robust, industry-specific applications, platforms and hardware systems to support business transactions, said a statement.

IBM plans to donate tens of thousands of lines of its existing codebase and its corresponding intellectual property to the open source community. And Digital Asset will contribute the Hyperledger name to the project, which will be used for future branding of this effort.

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