Stablecoin

PayPal USD is the first regulated stablecoin from a global payments company. The Ethereum-based token will be available to PayPal users in the U.S. and is being issued by Paxos Trust Company. Paxos head of strategy Walter Hessert discusses teaming up with PayPal and notes the firm has "other white label stablecoin opportunities in the works."

8 de ago. de 2023

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the electronic payments giant PayPal ventures into digital assets with the announcement of a U.S. dollar-pegged stablecoin called PayPal USD. Sino Global Capital files a multimillion dollar claim against FTX. And, Worldcoin’s Nairobi warehouse was reportedly raided as Kenya's Ministry of the Interior suspends the project from operating in the country.

7 de ago. de 2023

PayPal (PYPL) announced the global payments giant is issuing its own U.S. dollar-pegged stablecoin. The Ethereum-based token will soon be available to PayPal U.s. users and is the first time a major financial company is issuing its own stablecoin. "The Hash" panel weighs in on PayPal's latest move into the realm of crypto.

7 de ago. de 2023

Stablecoin issuer Terraform Labs' motion to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC) was denied by a federal judge on Monday. The judge also said he rejected the use of a ruling from Judge Analisa Torres who ruled that Ripple did not violate securities law in selling XRP to retail investors through an exchange intermediary. CoinDesk's global policy and regulation managing editor Nikhilesh De shares the latest developments.

1 de ago. de 2023

House lawmakers cleared a long-awaited stablecoin legislation for the next step in its route through Congress late Thursday night. This comes as three other key bills were advanced. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses the latest developments.

28 de jul. de 2023

The role of the stablecoin is to always ensure customers get a one-to-one redemption to the dollar, says Paolo Ardoino, chief technology officer of Tether, the firm stablecoin USDT, and its affiliate cryptocurrency exchange Bitfinex. Scrutiny on the world’s largest stablecoin has been increasing in the past month due to the latest USDT depegging scare. In a Word on the Block interview with Forkast Editor-in-Chief Angie Lau, Ardoino breaks down the USDT reserves, how the firm’s investment in U.S. treasuries is generating profits and discusses why secondary market traders can trigger USDT depegging concerns.

26 de jul. de 2023

Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) recently unveiled a new version of their bipartisan crypto bill, which could define more of the conversation around digital asset legislation. Sen. Lummis joins "First Mover" to share insights into the updated bill and the outlook for regulatory clarity in the U.S. The lawmakers also weighs in on the future of stablecoins and her thoughts on a central bank digital currency (CBDC).

26 de jul. de 2023

Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday. While some departments were subject to layoffs, the stablecoin issuer said it will continue to hire in other areas. "The Hash" panel weighs in on the lingering effects of crypto winter, along with Circle considering issuing a stablecoin in Japan.

13 de jul. de 2023

Circle is considering issuing a stablecoin in Japan, given that legislation governing stablecoins took effect on June 1, the payment services company's co-founder and CEO Jeremy Allaire said. CoinDesk Executive Director of Global Content Emily Parker breaks down the details.

6 de jul. de 2023

The dollar-pegged stablecoin TrueUSD (TUSD) is trading at a discount relative to tether (USDT) on Binance.US, the U.S. subsidiary of Binance. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

28 de jun. de 2023