PayPal’s PYUSD Launch Triggers Calls For Stablecoin Bill
United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to
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Stablecoin
Binance’s stablecoin FDUSD and DigiToads attracting investors
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, the world’s largest cryptocurrency exchange, has launched a new stablecoin, FDUSD, backed by USD held in reserve by Binance. FDUSD intends to provide a dependable and steady option compared to other stablecoins like Tether (USDT)
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Bank of England to Continue With Plans for a Systemic Stablecoin Regime
The consultation set out that systemic stablecoins would be supervised by both the BoE and Financial Conduct Authority (FCA), which was welcomed by respondents. Respondents and the government also supported extending the accountability framework (which evaluates whether the regulators approach is future proof) to systemic stablecoins. Original Source
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PayPal stablecoin launch sparks wave of fake PYUSD tokens
Less than 16 hours have passed since the launch of PayPal’s new stablecoin (PYUSD), and opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens.According to data from decentralized exchange scanner DexScreener, nearly 30 new token pairs sporting the ticker “PYUSD”
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PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Paxos
In terms of those rules, a big one is the removal of bankruptcy risk, Hessert said. “Customers' assets are protected, including if Paxos were to go bankrupt – a situation we now see with a bunch of companies in crypto. If you can end up sitting in line as a
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PayPal’s (PYPL) Stablecoin Debut, Worldcoin’s Kenyan Hurdles, and More
In today's crypto news roundup, we delve into a series of significant events that have shaped the digital currency landscape. From PayPal's groundbreaking entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy. Meanwhile, Huobi
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5 Questions About PayPal’s Ethereum-Based Stablecoin (PYUSD)
In reality, PayPal would probably just not allow that (since, let’s face it, this stablecoin is not even pretending to be decentralized), but if getting frozen funds out of PayPal develops as a genuine use case for PYUSD then the benefit of the virtuous cycle of an oppressive banking system
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PayPal to Issue Dollar Pegged Crypto Stablecoin: Bloomberg
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust. Source
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Binance sold USDC for another stablecoin — Coinbase CEO
Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows. While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC into another stablecoin, but despite that, the market cap
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Huobi's Stablecoin Reserves Down 30% Amid Reports of Executive Arrests
Data from Nansen.ai shows that users have withdrawn $44.8 million in stablecoins during the last week. Source
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