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Despite the slow uptake, the transparency report suggests that PYUSD is effectively backed up by reverse repurchase agreements. Payment giant Paypal has shared its first PayPal USD (PYUSD) transparency report with the public. The report comes 39 days after it announced the launch of the stablecoin. PayPal unveiled its PYUSD stablecoin on
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The world may be moving in a direction where people are more comfortable in having their assets and ownership available for everyone to see, according to Alex Svanevik, the CEO of blockchain analytics firm Nansen. In an interview with Cryptox’s Zhiyuan Sun, Svanevik highlighted how a balance between privacy and transparency
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Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets.According to the report, the total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million
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Credit risk is part of just about every financial asset in traditional markets, but not so in DeFi. Everything from mortgages to CME corn futures, German bunds and Amazon gift cards has an embedded credit component (and cost). In DeFi, however, your credit record is entirely irrelevant. Your borrowing power
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Stablecoin issuer Tether maintains a liquidity cushion of nearly $3.3 billion to provide stability to the Tether ecosystem and garner trust among shareholders. Tether’s reserves report as of Aug. 24 reveals a combined surplus in shareholder capital cushion of $3.29 billion — spread over 15 blockchain ecosystems. Apart from Algorand and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Flare has partnered with FlareDashboard, a community-managed database and dashboard providing data insights on Flare and Songbird infrastructure providers, enabling users to make informed decisions, per a press release on July 14. Flare and FlareDashboard partner Flare aims
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Identifying the owners of crypto wallets may level the playing field for retail traders. But if taken too far it could be weaponized against the weak. Original Source
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The largest stablecoins have all endured periods of turmoil in the last few months. In February, New York state regulators ordered Paxos to halt minting Binance USD (BUSD), the third largest stablecoin at the time. Next month, the collapse of Silicon Valley Bank (SVB) temporarily froze a sizable portion of
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Lawmakers in the United States have proposed two new bipartisan bills targeting issues of transparency and innovation in artificial intelligence (AI). On June 8, Democratic Senator Gary Peters, and Republican Senators Mike Braun and James Lankford, introduced the first bill, which would require the government to be transparent with its AI
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As the burgeoning blockchain technology paradigm has continued to evolve, a whole host of unique asset classes have started to make their way into the mainstream. Private equity tokens are one such offering, serving as digital representations of ownership in private equity investments powered by a decentralized ledger. These tokens enable
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