Breaking: Paypal launches stablecoin for payment
Payment processing giant PayPal started crypto payments in March 2020 and since then has been actively involved in the crypto payment sector. Go to Source
Stablecoin
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Curve’s crvUSD depegs as market reacts to shock events
The decentralized stablecoin is facing its first stress test since it was released in May, putting its PegKeeper algorithm to work. Go to Source Powered by WPeMatico
Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees
Users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user’s VIP level. Go to Source Powered by WPeMatico
MakerDAO increases DAI yield in a bid to boost demand
The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%. Go to Source Powered by WPeMatico
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper released by Paradigm. Go to Source Powered by WPeMatico
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers. Go to Source Powered by WPeMatico
Bitcoin bull run next? Bitfinex stablecoin ratio ‘blows up’ in 2023
A “major leading indicator” for Bitcoin is pointing the way toward a classic repeat of bullish BTC price phases, analysis says. Go to Source Powered by WPeMatico
Binance lists new zero trading fee stablecoin, halts shortly after on technical issues
Ahead of the launch, Binance said it would offer zero maker fees for all FDUSD trading pairs. Go to Source Powered by WPeMatico
USD-backed stablecoin pilot project launched by Pacific island nation of Palau
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees. Go to Source Powered by WPeMatico
Former CFTC chairman says stablecoins can be a bridge between two worlds
Timothy Massad, the former CFTC chairman, highlighted the benefits of stablecoins and urged regulators not to discredit their utility when it comes to regulations. Go to Source Powered by WPeMatico