PayPal processed a record $486.4 billion in payments during the second quarter and created a dedicated crypto division as it …
Stablecoins
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Bitcoin Market
Bank of Italy research suggests stablecoins aren’t necessarily cheaper for remittances
by adminby adminFor years, stablecoins have been marketed as crypto’s breakthrough application for cross-border payments, promising near-instant transfers at a fraction of …
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Trading Analysis
PIX and Stablecoins Are Not Rivals, Says Visa’s Digital Currencies Chief for Latin America
by adminby adminStablecoins did not arrive to fight PIX. That was the message from Antônia Souza, Visa’s Director of Digital Currencies for …
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Bitcoin Market
Stablecoins see biggest drop since 2022 crypto winter led by Tether (USDT), Circle’s USDC decline
by adminby adminThe combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September …
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The European Banking Authority and the New York State Department of Financial Services (NYDFS) have signed a memorandum of understanding …
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Trading Analysis
Mastercard expands on-chain settlement in bet on stablecoins and always-on finance
by adminby adminMastercard is expanding its settlement network to support regulated stablecoins, a move that could help bring blockchain-based payments deeper into …
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DeFi Developments
StablR Stablecoins Exploited, EURR and USDR Depeg After Minting Key Compromise
by adminby adminEstimates of losses range from $2.8 million to $10 million. StablR, a European stablecoin issuer backed by Tether, suffered an …
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Japan’s Financial Services Agency has finalized rules allowing foreign-issued trust-type stablecoins into its payment system, with the changes published on …
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DeFi Developments
Stablecoins can help businesses turn costs into revenue, but not everyone needs to issue a token:
by adminby adminStablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the …
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Ripple CEO Brad Garlinghouse said stablecoins will be the crypto sector’s “ChatGPT moment” for businesses in search of faster, more …