ChainCatcher news, privacy payment project MobileCoin appoints Sara Drakeley as the new CEO, and Henry Holtzman will succeed Drakeley as the company's Chief Technology Officer.

ChainCatcher news, the stablecoin platform Reserve tweeted that RPay plans to transition application users from RSV to the 1:1 asset-backed decentralized stablecoin eUSD starting next week, which is an RToken built on the Reserve Protocol. The Reserve Protocol has currently been tested in real-world scenarios and is available for anyone to use. Reserve expects that RPay will mint approximately $6 million worth of eUSD in the first round.ChainCatcher previously reported that on October 10, 2022, according to CoinDesk, privacy-focused cryptocurrency and payment company MobileCoin partnered with the stablecoin platform Reserve to launch the fully collateralized dollar stablecoin eUSD. MobileCoin stated that eUSD is backed by a basket of other stablecoins, including USDC, USDP, and TUSD. eUSD will be issued on the MobileCoin blockchain, and transactions will be end-to-end encrypted using zero-knowledge proof technology. (source link)

ChainCatcher news, Signal President Meredith Whittaker stated in an interview with Time magazine: "Signal is not MobileCoin; Signal is an independent organization. MobileCoin is just a very, very experimental (integration into Signal) project. The core focus of Signal is privacy messaging, and I believe anonymous payments are a necessary service, but right now the crypto market is a 'shitshow,' so Signal will continue to observe."Additionally, Meredith stated: "Cryptocurrency is a highly risky securities trading tool, with most funds passing through centralized trading platforms, many of which are not capitalized. Many things in the current crypto market that are considered technological innovations are more akin to securities fraud."

ChainCatcher news, privacy payment company MobileCoin has partnered with stablecoin platform Reserve to launch a new stablecoin, eUSD. eUSD is fully collateralized and specifically designed to protect users' privacy transaction data.According to MobileCoin, eUSD is built on the MobileCoin blockchain and is backed by a basket of stablecoins, including USD Coin (USDC), Pax Dollar (USDP), and TrueUSD (TUSD). Each transaction is encrypted using end-to-end zero-knowledge encryption, ensuring that only the parties involved can see the transaction data. (CoinDesk)