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Tag: stablecoin
PayPal Launches U.S. Dollar Stablecoin, PYUSD
[ad_1] PayPal (NASDAQ: PYPL) just launched its new U.S. dollar-denominated stablecoin, PayPal USD (PYUSD), marking a significant stride in aligning traditional financial operations with emerging digital trends. This move could…
PayPal launches first dollar-backed stablecoin from a major U.S. financial institution
[ad_1] A sign is posted in front of PayPal headquarters on February 02, 2023 in San Jose, California. Justin Sullivan | Getty Images PayPal on Monday launched a U.S. dollar-backed…
Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?
[ad_1] PayPal / Source: Adobe Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market. The fintech behemoth, which was founded more than 25 years ago, is…
Italy’s central bank calls for framework to prevent stablecoin runs | Business Blockchain HQ
[ad_1] Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central…
Bitcoin drops below $25,000, Tether’s stablecoin falls under its dollar peg
[ad_1] Standard Chartered predicts that bitcoin could fall to $5,000 in 2023 as part of their research on potential market surprises next year. Nurphoto | Getty Images Cryptocurrency prices fell…
New USD-denominated stablecoin launches in Hong Kong
[ad_1] Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to…
Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy
[ad_1] Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over. Justin…
First Digital Unveils USD Stablecoin as Hong Kong Crypto Rules Kick In
[ad_1] First Digital Group announced today that it’s launching a USD stablecoin, FDUSD. The stablecoin is issued on Ethereum and BNB, a spokesperson told CoinDesk, saying that First Digital is…
DEUS Finance Stablecoin Hack Leads to $6 Million Loss – Here’s What Happened
[ad_1] Source: AdobeStock / PR Image Factory DeFi protocol DEUS Finance lost more than $6 million in a hack over the weekend which exploited a vulnerability in the stablecoin DEI,…