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Delio Curation

Cardano to Launch New Privacy Blockchain and Stablecoin


Input Output Global (IOG), the company behind the Cardano blockchain, is launching a privacy-focused blockchain called Midnight and a USD-backed stablecoin, the crypto media channel CoinDesk reported on November 19.


According to Cardano's CEO, Midnight, powered by zero-knowledge-proof technology, is one of the numerous side chains now being deployed around Cardano and will advance prior privacy-coin efforts by offering zero-knowledge-proof smart contracts. The system will balance protecting privacy with providing regulators and auditors with a backdoor.


One of Cardano's founding entities, EMURGO, announced the launch of USD-backed stablecoin, enabling dollar tokenization and its use on the Cardano blockchain network. The launch of the USDA is set for Q1 of 2023, and it will be focusing on connecting traditional financial services to crypto.


Meanwhile, Delio reflects its customers' needs in the global market by offering services for five new digital assets, including Cardano(ADA), and will launch a staking service on November 24, KST.



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.