American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told … [Read more...] about PayPal reportedly confirms plans to explore the launch of a stablecoin
Stablecoin
PayPal Is Exploring Creating Its Own Stablecoin as Crypto Business Grows
PayPal (PYPL) is looking into launching its own stablecoin as the company grows its crypto business, a company spokesman confirmed to CoinDesk on Friday. Sources told CoinDesk in September that PayPal subsidiary Curv was actively working on developing a stablecoin.“We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant … [Read more...] about PayPal Is Exploring Creating Its Own Stablecoin as Crypto Business Grows
Vitalik Buterin foresaw stablecoin and defi growth, omits NFT
In most climes, the arrival of a new year is an opportunity to make projections for what the future holds. Already, some crypto enthusiasts and analysts have already begun making different predictions for what they believe the future holds for the digital asset industry.However, rather than making new predictions, Ethereum’s co-founder Vitalik Buterin is bucking the trend by … [Read more...] about Vitalik Buterin foresaw stablecoin and defi growth, omits NFT
DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap
The Terra blockchain’s fast growing stablecoin UST, which had surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion.According to the crypto pricing site CoinGecko, the UST market cap pushed past $10 billion on Sunday. As recently as the beginning of 2021, the market capitalization was … [Read more...] about DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap
Fitch Says Improved Regulation Could Moderate Stablecoin Credit Risks
Increased regulatory certainty regarding the status of stablecoin and their issuers may create market opportunities, as regulatory risks have deterred financial institutions from engaging in the space, Fitch Ratings said in a report published on Tuesday. Source link … [Read more...] about Fitch Says Improved Regulation Could Moderate Stablecoin Credit Risks