Digital asset platform MetaComp launches stable currency purchase service for traditional securities

Odaily News Digital asset platform MetaComp has launched stablecoin services for purchasing traditional securities, such as currency funds and U.S. Treasury bonds. According to Lianchuang Bo Bai, the company has received USDT and USDC from more than 10 institutions and qualified investors, with a transaction volume of US$50 million. It is reported that to provide this service, three licenses from the Monetary Authority of Singapore are required: a capital markets services license, a verified market operator license and a major payment institution license. (CoinDesk)