Earlier this year, PayPal released its own stablecoin. What effect has it had on crypto adoption?
Category: Dollar
Auto Added by WPeMatico
Binance will end support for BUSD stablecoin in December
Many users’ Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
Tether credits USDT growth surge to ETF excitement, emerging markets
Tether USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year.
Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.
Tether issues $610M debt financing to Bitcoin miner Northern Data
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives.
Hong Kong advances CBDC pilot, bringing e-HKD trials to Phase 2
e-HKD Phase 1 trial was dedicated to full-fledged payments, programmable payments, offline payments, tokenized deposits, settlement of Web3 transactions and settlement of tokenized assets.
Stablecoin market escaping US regulatory oversight: Chainalysis
Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis.
BTC price nears 2023 highs — 5 things to know in Bitcoin this week
Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears.
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated.
Binance US asks users to convert USD into stablecoins for withdrawals
Binance.US users “may convert” their USD funds to stablecoins or other digital assets in order to withdraw USD funds from their accounts, the firm said.