USDT holds firm despite latest depeg

USDT has been depegging since 4 August. The stablecoin has maintained its market cap despite the depeg. Since 4 August, Tether [USDT] has been in the throes of a depegging event. According tThe post USDT holds firm despite latest depeg appeared first on AMBCrypto. дальше »

2023-8-8 14:30

US Congressman McHenry Praises Stablecoins, Calls Them Vital To 21st-Century Payments

In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.  This development comes shortly after the House Financial Services Committee passed the Clarity for Payment Stablecoins Act, a bipartisan legislation that paves the way for regulated stablecoin issuers, […] дальше »

2023-8-8 06:00

House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system. дальше »

2023-8-8 04:00

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

Democratic congressman Ritchie Torres calls Gensler’s SEC ‘arbitrary and capricious’

Democratic House of Representatives member Ritchie Torres criticized the U.S. Securities and Exchange Commission (SEC) and advocated for new laws on July 28. Torres told Unchained podcast host Laura Shin: “The modus operandi of the SEC under [Chair] Gary Gensler has been regulation by enforcement … he has taken what I consider to be arbitrary […] The post Democratic congressman Ritchie Torres calls Gensler’s SEC ‘arbitrary and capricious’ appeared first on CryptoSlate. дальше »

2023-7-29 08:00

Bitcoin Rally May Not Resume Until This Happens

Bitcoin has continued to stagnate recently as another recovery move has failed to prosper. So here’s an indicator that may hint when a break could happen. Bitcoin Rally May Not Resume Until The Stablecoin Market Cap Goes Up Around the start of this week, Bitcoin observed a sharp plunge that had taken the asset’s price from the $30,000 level down to the $29,000 mark. дальше »

2023-7-28 18:00