DeepMindPlatform (hereafter referred to as DeepMind), an affiliate of Bitmax, which holds the largest amount of Bitcoin among listed companies in Korea, announced on June 27 that it has additionally issued its stablecoin KRDT on the TRON and Solana chains.
Through this move, the company aims to expand the usability of its stablecoin by enabling global users to utilize KRDT with lower fees and faster transaction speeds.
Previously, DeepMind had issued KRDT on-chain based on Ethereum (ETH), Base, and Binance Smart Chain (BNB Smart Chain, BSC), and had also applied for the 'KRDT' trademark with the Korean Intellectual Property Office. The latest expansion to the TRON and Solana chains is intended to enhance the practical global utility of KRDT by issuing it on major networks where over 90% of worldwide USDT transactions occur.
A DeepMind representative stated, "Issuing KRDT on TRON, where more than 50% of USDT is traded, and on Solana, which processes the largest number of transactions globally, is an essential strategy to secure interoperability with major global stablecoins such as USDT, USDC, and USDe."
The representative added, "This expansion is a significant milestone in broadening KRDT's real-world use cases and establishing a foundation for overseas payment integration," and continued, "We have completed technical verification on all five chains?TRON, Ethereum, BSC, Solana, and Base?where over 90% of stablecoin transactions currently take place."
Meanwhile, on June 23, DeepMind announced through a disclosure that it had decided to issue convertible bonds (CB) worth 50 billion KRW. The funds will be used for strategic investments to expand the Web3 ecosystem, including equity investments in other companies and acquisitions of domestic and international virtual asset exchanges.
Additionally, the company plans to increase its bond issuance limit from the current 200 billion KRW to 1 trillion KRW through an extraordinary general meeting of shareholders, and to change its name from 'DeepMindPlatform' to 'Satoshi Holdings.'
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