stablecoin

USDC stablecoin issuer Circle files confidentially for an IPO

After trying to go public twice via SPAC deals, Circle is trying to go public once again. Would that other private tech companies were as bold.

SEC subpoenas PayPal over its USD-pegged stablecoin

Just three months after PayPal entered the fray to bring stablecoins to the masses, it’s attracting attention from U.S. regulators that are tightening the screws on the stablecoin sector. The pa

PayPal’s PYUSD stablecoin is now available on Venmo

PayPal announced today that PYUSD, its stablecoin for payments and transfers, is now available on Venmo. PYUSD is available to select users starting today and will be rolling out fully in the coming w

USDC issuer Circle expands Asia focus in push to enter the region’s flourishing payments ecosystem

How can Asian businesses send and receive payments cheaper, faster and more securely? Circle thinks the answer may come from blockchain and stablecoins.

PayPal launches PYUSD stablecoin for payments and transfers

PayPal is rolling out a stablecoin for payments and transfers, the company announced on Monday. PayPal USD (PYUSD) is issued by Paxos Trust Company and is backed by U.S. dollar deposits, short-term U.

Hong Kong eyes stablecoin regulatory regime by 2024

While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The Hong Kong Monetary

KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round

Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance

SVB’s mess could become stablecoins’ problem

After USDC depegged from $1 last week, many are questioning whether SVB’s collapse has bigger implications on the stablecoin ecosystem

Founder of troubled crypto asset unicorn Babel launches new DeFi project, stablecoin

Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to avoid some

Uncertainty stands around multibillion USDC empire as issuer Circle held reserves at Silicon Valley Bank

Update: After publication and our first update to include Circle’s initial statement regarding USDC’s reserves, the company announced that “3.3 billion of the ~$40 billion of USDC re

FTX’s seemingly sluggish withdrawals raise eyebrows

On-chain data shows limited withdrawal requests for users trying to transact on FTX's exchange.

Stablecoin demand maintains pace as other cryptocurrencies tumble

More investors are swapping cryptocurrencies for stablecoins, signaling a potential shift toward the less risky asset.

Kaszek, YC back DolarApp’s mission to ‘dollarize’ Latin America’s finances with crypto

With DolarApp, users can open a bank account going from peso to dollar dominated stablecoin USD Coin (USDc) and back in seconds.

Crypto’s biggest powerhouse flexes on its competition

Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the crypto curious. For our Thursday episode this week, we d

Binance to stop supporting USDC, the second largest stablecoin

Binance, the issuer of the world’s third-largest stablecoin, said on Monday it will convert customers’ holdings in three rival stablecoins USD Coin (USDC), Pax Dollar (USDP) and True USD (

Do Kwon’s Terra trauma and drama lives to see another day

There are some events in your life that you look back on and think to yourself, “Wow, that was a really tough time.” We all have memories like that and I think the crypto community definit

Uniswap Labs COO MC Lader on the incentives behind DeFi

Crypto lending and financial services companies have been at the forefront of the industry’s latest controversies ever since the collapse of the Terra stablecoin, with many drawing parallels bet

Investors focus on DeFi as it remains resilient to crypto market volatility

As many subsectors in the crypto market continue to take heavy hits from recent volatility, some market players see DeFi as resilient and gaining interest despite the macroeconomic environment.

When will India make up its mind about crypto?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest and most intere

FTX policy exec says its ‘priorities have not changed’ amid market madness

As the crypto markets continue to trend downward, the world's second-largest crypto exchange, FTX, remains undeterred.
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