We're excited to announce that @StraitsX, a major payment institution licensed by @MAS_sg, is piloting a series of stablecoin applications with @Mastercard, @IdemiaGroup, & Carbon Seed for $XSGD - their Singapore dollar stablecoin built on @hedera#SFF2022
Through collaboration with their partners, StraitsX focused on driving five key benefits of stablecoins: increasing payment efficiency, on-chain & offline programmability providing interoperability, financial inclusion & enabling sustainable and energy-efficient transactions. Image
Through their partnership with Idemia, a leading solutions provider in identity technologies, users are able to transact XSGD offline.

As a result, this will help drive financial inclusion by enabling users with limited network access to benefit from lower merchant fees.
Alongside this, Mastercard crypto partners will be able to use XSGD to facilitate settlements between businesses.

This pilot aims to bridge between the digital assets spent by cardholders & the fiat currencies needed to settle with merchants, reducing overall friction.
Pursuing sustainability, StraitsX has also partnered with Carbonseed.Earth to enable early funding for quality carbon projects by issuing tokenized carbon credits, purchased through XSGD and held in #Web3 wallets.
To learn about StraitsX and their @hedera based XSGD stablecoin, you can read more here 👇

straitsx.com/blog-post/stra…

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More from @HBAR_foundation

Nov 3
We’re excited to announce that @Ledger_Works ‘Eco Connect’ is now live on the @Hedera mainnet - enabling us to address the most critical issues with offsets in the voluntary carbon market (VCM) today 🌍 #COP27 #TogetherForImplementation
Ledger Works’ Eco Connect will benefit the #Hedera ecosystem by providing an API and explorer (Eco Explore) to make Guardian assets discoverable and searchable. They will serve as the foundational layer of the carbon offset marketplaces on the network.
Through this, digital environmental assets generated by the Guardian (e.g. @TymlezBV, @dovuofficial, @civicledger) are now discoverable to Regenerative Finance (#ReFi) markets and any stakeholders interested in auditing credits, emissions, and other ecological assets on Hedera.
Read 5 tweets
Nov 2
Earlier this month, the SIF began a program of close engagement with @verrastandards & @goldstandard, the standard-setting NGOs that verify & register the majority of the world’s voluntary carbon offsets, including carbon reduction & removal credits 🧵 #TogetherForImplementation
As we approach #COP27, it's clear we have a lot of work to do building on #COP26 milestones. In partnership with government institution's, we must create & adopt new innovative tools to accelerate climate action. This is where regenerative (#ReFi) and #Web3 can play a key role.
In two detailed policy commentaries, one with 24 other climate-forward teams in the #ReFi community, we submitted a strong case for tokenization & dMRV driven traceability of carbon credits in the Voluntary Carbon Markets (VCMs) - focussing on Verra & Gold Standard's registries.
Read 7 tweets
Nov 1
We're excited to see the developments that @mingoapps has been making on @hedera, including their exclusive #NFT drop with @Tyson_Fury - heavyweight champion of the world 👑
Alongside NFTs, MINGO has been creating a suite of interconnected products leveraging the Hedera network. So far this includes the already live iOS #Hedera wallet 'MingoWallet' and 'MingoChat' (currently in Alpha) 🌐
For those that missed the first Tyson NFT drop, MINGO will be relaunching it in December with a focus on creating a seamless UX for all fans 🥊
Read 4 tweets

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