🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Citibank is exploring the issuance of stablecoins for cross-border payments.
[Citigroup is exploring the issuance of stablecoins for cross-border payments] Citigroup CEO Jane Fraser stated during this week's earnings call that Citigroup is exploring the issuance of stablecoins for cross-border payments, joining a growing number of large banks considering launching stablecoin projects. "We are studying the possibility of issuing Citigroup stablecoins," Fraser said on Tuesday, "We are exploring... the reserve management mechanisms for stablecoins, as well as the bidirectional conversion channels from cash to Tokens and from Tokens to cash." In fact, Citigroup had previously shown interest in the stablecoin market. According to a May report from The Wall Street Journal, Citigroup had discussions with financial institutions such as JPMorgan Chase, Bank of America, and Wells Fargo about the possibility of jointly issuing a stablecoin pegged to the US dollar.