stablecoin
Featured Article
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.
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…
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…
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 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…
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 Authority…
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 of…
Featured Article
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…
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 reserves remain at…
Featured Article
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.
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 (TUSD)…
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 between the…
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.
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.
Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi,…
Proposed bipartisan US crypto bill could be ‘sigh of relief’ for the industry
“The bill matters as it is a step in the right direction for legislation and definition of ‘crypto,’ what a ‘crypto asset’ is and what regulation will look like,” said…
Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion
Terraform Labs’ plan to revive the Terra Ecosystem after its stablecoin UST and cryptocurrency LUNA nosedived earlier this month has passed and been approved by the community.
Polygon launches ‘uncapped’ fund to help Terra projects migrate to its blockchain
As members of the Terra community try to pick up the pieces from its currently defunct economy, Polygon is beckoning to the dozens of developers who had projects built on…
Despite recent swings in cryptocurrency values, many institutional investors appear undeterred. The growth of Babel Finance, which offers a suite of institution-facing crypto financial products, could be an indicator of…
Mastercard exec is bullish on crypto, sees mass adoption ‘sooner rather than later’
Mass adoption of blockchain technology and digital assets is going to happen sooner rather than later, according to Mastercard’s VP of new product development and innovation, Harold Bossé.
Y Combinator-backed fintech Pebble uses stablecoins to offer 5% yield on cash
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and…
Luna Foundation Guard adviser says Do Kwon hasn’t reached out since UST crash
“The truth is, I found my information [about this situation] on Twitter like everyone else,” Luna Foundation Guard adviser Jonathan Caras said.
Second-largest crypto exchange FTX expands its empire with launch of stock trading feature
Cryptocurrency exchange FTX is launching stock trading capabilities for its customers through its U.S. division. The company, helmed by co-founder and billionaire Sam Bankman-Fried, said in an announcement that its…
ICYMI, stablecoins are in deep shit right now, and the chaos that unfolded this week has thrown the entire crypto ecosystem into turmoil with over $400 billion in losses from…
Coinbase backtracks on its hiring plans, citing crypto market turmoil
Coinbase, the third-largest crypto exchange by volume, has changed its tune on hiring amid a market downturn. “Heading into this year, we planned to triple the size of the company.…
One of the pledges Yoon Suk-yeol made to his voters was to implement a set of crypto-friendly policies in South Korea. Yoon, who won the presidency in March and came…
Terra resumes blockchain production after halting to prevent hacks amid UST crash
The halt means no new blocks are being generated on the blockchain network after its block height of 7603700, and holders can’t move their Terra assets until the blockchain is…
