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Stablecoin
Solana Labs Co-Founder: Large Payment Networks See Tech 'Ready for Prime Time'
Visa has expanded its stablecoin settlement capabilities with Circle’s USDC stablecoin to the Solana (SOL) blockchain, designed to offer high-speed performance. Solana Labs co-founder and COO Raj Gokal shares insights into the partnership and why payments giants see the technology "as ready for prime time."
Visa Taps Solana and USDC Stablecoin to Boost Cross-Border Payments
The company said it is one of the first major payment institutions to use directly the Solana network for settlements.
Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing
Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.
SEC Delays Spot Bitcoin ETF Decision; Creditors Accuse Genesis of Ballot-Stuffing Over FTX Deal
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest stories in crypto, as the markets react to the August jobs report and the SEC's move to delay the decision on spot bitcoin ETF applications. A stablecoin backed by one of the most volatile currencies rapidly grows. Creditors of Genesis Global Capital are making accusations of vote-buying to “manipulate” a proposed deal with the defunct exchange FTX. Genesis and CoinDesk share the same parent company, DCG.
Prime Trust's CEO Says Firm Lost $8M in Doomed Terra Stablecoin Investment
Prime Trust CEO Jor Law said in a recent court filing that the crypto custodian lost a total of $8 million in a doomed investment in the terraUSD algorithmic stablecoin. "The Hash" panel discusses the latest developments in Prime Trust's bankruptcy proceedings.
Unpacking PayPal's Stablecoin Demand From Crypto Users
Global payments giant PayPal's (PYPL) new stablecoin has seen a "lack of demand from crypto users," according to a new report from The Block, citing data from blockchain analytics firm Nansen. "The Hash" panel discusses their outlook for PayPal USD (PYUSD) as the crypto winter drags on.
Solana Foundation Strategy Head on Shopify Integration, Crypto Payments Outlook
Shopify customers can now pay in stablecoin USD Coin (USDC) via an integration with Solana Pay, the payment protocol on the Solana blockchain. Solana Foundation head of strategy Austin Federa discusses the partnership and USDC's benefits for merchants. Plus, what the future holds for crypto payment adoption and real-world use cases of the Solana ecosystem.
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
Coinbase Acquires Stake in Stablecoin Operator Circle
Cryptocurrency exchange Coinbase (COIN) is getting a minority stake in Circle Internet Financial and the stablecoin issuer is bringing issuance and governance of USDC completely in-house as the companies dissolve their Centre Consortium partnership. "The Hash" panel weighs in on Coinbase's recent moves in the crypto industry amid recent U.S. regulatory pressure.
Tether to Discontinue Support for Bitcoin Layer Omni Due to Lack of Demand
Tether said that it will stop support for Omni, a Bitcoin layer used for USDT transfers since 2014. The stablecoin issuer will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement. "The Hash" panel discusses the discontinuation of legacy products as cycles rotate in the crypto industry.