Terraform Labs Caves In: Crypto Stablecoin Giant Files For Bankruptcy In US
In a stunning turn of events, the TerraUSD (UST) stablecoin project and its creator, Terraform Labs, find themselves grappling with…
Coinbase buys a stake in USDC stablecoin issuer Circle
Previously, Coinbase only assumed a minority role as a distributor and promoter of the Circles USDC project. Buying a stake…
PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’
Although a clear regulatory framework for digital assets has yet to be established in the United States, PayPal — one…
Tether discontinues Bitcoin stablecoin, citing lack of usage
The issuer of stablecoin Tether (USDT) will discontinue its Bitcoin (BTC) Omni Layer version, citing lack of interest from users.…
PayPal makes bold move into stablecoin payments as adoption headwinds loom: BofA (PYPL)
chameleonseye PayPal's (NASDAQ:PYPL) recently launched stablecoin, dubbed PayPal USD (PY-USD), could be a payments catalyst over time. But adoption of…
Ex Binance.US CEO Weighs In On Stablecoin Regulation, Claims A Boost For Dollar Adoption
Former Binance.US CEO and an ex-acting US Comptroller of the Currency Brian Brooks has commented on the ongoing discourse regarding…
Gemini’s Weekly Update: PayPal Launches PYUSD Stablecoin, Coinbase Unveils Base Layer-2, and Aptos Announces Microsoft Partnership
In Gemini's latest "Weekly Market Update" released on August 11, 2023, several significant developments were highlighted in the cryptocurrency industry,…
PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right
But in the grand scheme of things, PayPal’s project is in a far stronger position politically than the universally mistrusted…
PayPal PYUSD Stablecoin Launch Sparks Response From Regulators
Since launching on August 7, Paypal’s stablecoin PYUSD hasn’t received the best of welcomes. From centralization concerns to regulatory scrutiny,…
Fed warns banks over doing business with PayPal new stablecoin
The US financial regulators’ attack on all things crypto continues as the Federal Reserve issues a new announcement obliging banks…
