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PayPal stablecoin PYUSD launches on Ethereum

In a move signaling the significant shift towards digital currencies, PayPal has announced the launch of its U. S. dollar-backed stablecoin – PayPal USD (PYUSD). This development, announced by PayPal directly, adds a new dimension to the emerging potential of regulated, fully-backed stablecoins in transforming payments in digitally native environments like web3. дальше »

2023-8-7 17:07


BREAKING: PayPal Unveils Dollar-Backed Stablecoin On Ethereum

According to a press release, payment company PayPal launched a U.S.-backed stablecoin called PayPal USD (PYUSD). The digital asset is supported by short-term US treasuries and their cash equivalents, and other assets in the nascent sector, such as Tether (USDT) and USD Coin (USDC), are redeemable on a 1:1 parity for its underlying. Related Reading: […] дальше »

2023-8-7 16:52


Tether (USDT) Begins to Exploit Circle’s Reserves, Analyst Reports: USDC Might Be Losing the Stablecoin Battle

The world of stablecoins, digital currencies pegged to stable assets like the US dollar, has been in a state of flux. With the rise of decentralized finance (DeFi) and the increasing prominence of stablecoins, understanding the underlying mechanics and strategies of major players is crucial. дальше »

2023-8-7 14:05


Coinbase’s Q2 Earnings Report Shows The Crypto Exchange Performed Better Than Expected

Coinbase, the largest cryptocurrency exchange in the United States, in its second quarter earnings report, announced a total revenue of $708 million for the second quarter of the year. The platform’s revenue in Q2 exceeds market estimates by over 12%, although interest income generated from USDC stablecoin amounted to $151 million, down by about 24% […] дальше »

2023-8-4 23:00


Scammer Successfully Steals 20 Million USDT But Can’t Spend It, Here’s Why

The crypto industry is constantly subject to sporadic reports of crypto thefts and scams and the most recent one was a hacker who managed to steal $20 million in Tether’s USDT stablecoin.  How The Scammer Stole $20 Million In USDT The eye-popping heist was the result of a perfectly executed zero-transfer phishing attack. To carry […] дальше »

2023-8-3 00:00


Exclusive: Non-profit Glo launches stablecoin leveraging yields to alleviate extreme poverty

Nonprofit organization Glo has announced the Aug. 2 launch of Glo Dollar, a regulated stablecoin with an ambitious goal: leveraging cryptocurrency yields to lift millions out of extreme poverty. CryptoSlate spoke with Jasper Driessens, Co-Founder of Glo, about the project’s goals and how it leverages traditional finance to fund a non-profit stablecoin. дальше »

2023-8-2 08:00