The American multinational PayPal Inc. revealed in a Wednesday, September 20 statement availing the PayPal USD (PYUSD) stablecoin to Venmo users. The financial technology company indicated that integration will allow the mobile-based…
Category: Stablecoins
Crypto Exchange JPEX Receives Hong Kong Regulator’s License Warning
Crypto exchange JPEX responded to Hong Kong’s Securities and Futures Commission (SFC) warning for operating without obtaining a requisite license. The Wednesday, September 13 statement indicated that JPEX never submitted a bid…
Top Seven Crypto Wallets for Storing Tether (USDT) – A Complete Beginner’s Guide
Tether (USDT) lives on the blockchain like any other digital currency. Its value, however, is pegged to USD. Being the most popular stablecoin, Tether is a go-to cryptocurrency for many investors who…
Kaiko’s Findings Show USDT Stablecoin Depegging in August
According to Kaiko, the USDT depegs in August were not bigger news since they had minimal drama than previous ones regarding pure price. Kaiko’s crypto data company findings show that the USDT,…
Circle Acquires Latin American Footing as MercadoPago Adds USDC
Dante Disparte, Circle’s chief strategy officer and international policy head, revealed that Chile is the initial flag owing to its lively technological environment. Circle, a stablecoin issuer, is partnering with Mercado Pago,…
Tether’s CTO Tight-Lipped on Bitcoin Mining Activities Energy Images
Paolo Ardoino, Tether’s CTO, implied that the operations are founded in South America but failed to divulge additional information. Recently, the CTO of stablecoin provider Tether, Paolo Ardoino, found himself addressing reports…
Tether Retains $3.29B Liquidity Cushion to Guarantee USDT Stability.
The transparency report released by the stablecoin issue Tether on Thursday, August 24, reveals a $3.3 billion liquidity cushion. The report discloses that Tether’s total assets are estimated at $86.1 billion, with…
Nansen Reports PayPal’s Stablecoin PYUSD Struggling to Gain Adoption
The findings disclosed by the blockchain analytics firm Nansen show PayPal’s stablecoin is struggling to convince adoption despite the hyped debut as a game-changer. The recent report shows the early adoption contrasts…
XRP Whale Moves 29M Tokens to BitStamp Amid Mild Slide in Prices
More information shows the likelihood of XRP assets’ sale by the whale since, a few hours earlier, 14 million XRP had been transferred to Bitso. XRP is struggling to maintain an upward…
Binance Labs Investing in Liquid Staking Protocol Pendle Finance
Binance Labs revealed in its recent announcement supporting Pendle Finance, marking another investment shot in the liquid staking segment. The venture unit of the world’s largest crypto exchange by transaction volume, Binance,…
BIS Study Discovers Amplified Crypto Financial Risks in Emerging Markets
The central banks of Canada, Brazil, the U.S., and Mexico have identified crypto-associated risks. However, they have cautioned against unreasonably exorbitant regulations. A new study by The Bank for International Settlements (BIS)…