o3n [ozone] blockchain layer

Blockchain source

Menu
  • Cybersecurity services
Menu

Coinbase Exec Joins Stablecoin Issuer TrueUSD as Head of Compliance

Posted on January 4, 2019 by nbelov

A former senior employee at U.S. crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance.

A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company’s official website Jan. 4.

Vaishali Mehta, whose LinkedIn profile indicates she served just over a year as senior compliance manager at the major San Francisco-based exchange, reportedly joined TrustToken in December 2018.

Trust Token is the issuer of TrueUSD (TUSD), which has been listed on top crypto exchange Binance as of last May. The listing makes it a relatively early entrant amid the increasing number of new stablecoins notionally pegged 1:1 to the United States dollar — all of which are vying to compete with stalwart market leader Tether (USDT).

Mehta’s LinkedIn profile further details her background as head of BSA/AML (Bank Secrecy Act/anti-money laundering) risk and onboarding at Deutsche Bank’s offices in New York over a period of four years, as well as compliance roles at Japan’s Sumitomo Mitsui Trust Bank and India’s ICICI Bank, also in New York. Prior to this, she reportedly worked as a senior associate at Big Four auditor KPMG for almost three years.

While Mehta’s move is testimony to the increasing prominence of stablecoin projects in the cryptocurrency space, other Coinbase veterans have taken steps that equally take the measure of wide-ranging changes in the sector.

In October, Adam White — Coinbase’s fifth-ever employee — left the exchange for a new role at Intercontinental Exchange’s (ICE) forthcoming digital assets platform Bakkt. Speaking of his move at the time, White said he believed that ICE’s new venture will be the catalyst for a shift in cryptocurrency interest from the “retail to the institutional side.”

This November, Mike Lempres — former head of policy at Coinbase — also left the exchange to work at pro-crypto investment giant Andreessen Horowitz.

As reported, alongside Binance, other major crypto exchanges such as Huobi, Coinbase and OKEx have swiftly moved to list multiple fiat-collateralized stablecoins — USD Coin (USDC), Paxos (PAX), Gemini dollar (GUSD), as well as TUSD — on their platforms.

According to an analysis from research firm Diar released in December, all four of the aforementioned stablecoins had reportedly broken the $5 billion mark in on-chain transactions within the three months prior to the study’s publication.

Source: Cointelegraph https://cointelegraph.com/

Recent Posts

  • Social-Media Disruptor Project Liberty to Run on Polkadot’s Blockchain Network – CoinDesk May 24, 2022
  • ADDX bags $58M to reduce min. private investment by 10x via smart contracts May 24, 2022
  • WEF 2022, May 24: Latest updates from the Cointelegraph Davos team May 24, 2022
  • Stake Casino and the Crypto Boom: How Blockchain Technology Changed More than Just the Finance Industry – Analytics Insight May 24, 2022
  • What does the crypto crash mean for blockchain, crypto VCs? – ITP.net May 24, 2022
  • Crystal Blockchain is expanding its sales team for H2 2022 – PR Newswire May 24, 2022
  • Crystal Blockchain is expanding its sales team for H2 2022 – Yahoo Finance May 24, 2022
  • HIVE Blockchain Technologies announces 1-for-5 share consolidation – Seeking Alpha May 24, 2022
  • Blockchain in Healthcare Market Growth Prospect and Future Scenario by Key Players- IBM Corporation, Microsoft Corporation, Guardtime AS – The Daily Vale – The Daily Vale May 24, 2022
  • Project SEED to Shape the Future of Blockchain Gaming | Bitcoinist.com – Bitcoinist May 24, 2022
  • Can blockchain offer the solution to crowdfunding? – CryptoSlate May 24, 2022
  • Massive Growth of Blockchain in Genomic Data Management Market by 2029 | Amazon.com Inc, PayPal, Staples Inc – The Daily Vale – The Daily Vale May 24, 2022
  • Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23 May 24, 2022
  • Coinbase offers 'thousands of tokens' in expanded swap service May 24, 2022
  • FTX reportedly shopping for brokerages in preparation for stock trading May 24, 2022
  • HIVE Blockchain Announces 5 to 1 Share Consolidation Effective at Market Open May 24, 2022 – Yahoo Finance May 24, 2022
  • Financial experts seek review of blockchain, fintech regulations – Punch Newspapers May 24, 2022
  • Accubits named among global blockchain solutions providers – BusinessLine May 24, 2022
  • IoT and Blockchain Market 2022 to Register Incredible Developments – IBM, Intel, The Linux Foundation, Microsoft, Ethereum Foundation, etc – The Daily Vale – The Daily Vale May 24, 2022
  • Blockchain Distributed Ledger Market Upcoming Trends, Segmented by Type, Application, End-User and Region -Chain, Microsoft Corporation, Eris Industries, IBM, Blockchain Tech, Accenture, Earthport, Deloitte, Intel, Digital Asset Holdings – The Daily Vale – The Daily Vale May 24, 2022
  • eBay drops first NFT collection to non-crypto mainstream buyers May 24, 2022
  • South Korean police request exchanges freeze LFG related funds May 24, 2022
  • Legion Network Launches Blockchain Super App – GlobeNewswire May 24, 2022
  • Core Ethereum developer details changes to expect after the Merge May 24, 2022
  • Blockchain In Automotive Market would Register a Healthy Growth of USD 49.93 billion by 2027 :IBM (US), Microsoft (US), Accenture (Ireland), carVertical (Estonia), Helbiz (US), Tech Mahindra (India), SHIFTMobility (US), BigchainDB (Germany) – The Daily V – The Daily Vale May 24, 2022
  • Blockchain Platforms Software Market Size 2022-2029| Key Players – IBM, Intel, Microsoft, Ethereum, Ripple – The Daily Vale – The Daily Vale May 24, 2022
  • Legal Issues Arise Where the U.S. Government Meets the Metaverse – The National Law Review May 23, 2022
  • LongHash Ventures Partners With Protocol Labs to Launch the Third LongHashX Accelerator Filecoin Cohort May 23, 2022
  • The blockchain tide is out – The Financial Express May 23, 2022
  • EDC Blockchain (EDC) What Does the Chart Say Monday? – InvestorsObserver May 23, 2022

Ad

Ad

©2022 o3n [ozone] blockchain layer | WordPress Theme by Superbthemes.com