In a decisive move that underscores the growing influence of cryptocurrencies in the financial landscape, PayPal has taken the plunge into the world of stablecoins. On August 7, 2023, PayPal announced its entry product into the world of cryptocurrencies: the PayPal USD (PYUSD) stablecoin. This new stablecoin derives its value ...
Utopia Labs is revolutionizing cryptocurrency payments for businesses with the introduction of its groundbreaking service, USDC stablecoin bank transfers. This solution enables companies worldwide to seamlessly transfer USDC to any U.S. bank account, addresses a significant hurdle in the crypto space, and unlocks new business possibilities. Announcing USDC Bank Transfers ...
Aave has successfully launched GHO, an algorithmic stablecoin pegged to the US dollar, on the Ethereum mainnet. The launch follows a positive response from its community of users on its proposal for developing the token. Let's GHO! Congrats to the @AaveAave community on the Mainnet Launch. https://t.co/vI7JbMLYb4 — GHO (@GHOAave) ...
The Reserve Bank of New Zealand (RBNZ) has announced its commitment to intensify monitoring of stablecoins and the crypto-assets sector within the country. However, the central bank has clarified that it will not be implementing a regulatory framework at this time. In a statement released on June 30, 2023, Ian ...
Sturdy Finance has reopened its stablecoin market after a recent attack on its website made it shut down a few days ago. The DeFi protocol announced on June 16, 2023 that the stablecoin market is now accessible again, and users have regained access to their funds. Sturdy Finance assured its ...
Hong Kong's financial authorities are taking proactive steps to establish comprehensive regulations for the stablecoin market by the end of 2024. The Hong Kong Monetary Authority (HKMA) recently completed a public consultation aimed at gathering feedback and proposals on stablecoin regulations. The consultation focused on key areas such as issuance, ...
