Stablecoins


Finance

Digital Trading Platform MetaComp Offers Clients Stablecoin-to-TradFi Security Path, Claiming Singapore First

Trading volume has climbed to around $50 million since the service was introduced last month.

Singapore skyline (Mike Enerio/Unsplash)

Opinion

What's Wrong With PayPal's Stablecoin?

If PYUSD is to gain true and lasting traction, the newly minted stablecoin issuer needs to address certain centralization concerns, Kima Chief Technology Officer Guy Vider writes.

The ability to transfer all PYUSD user funds into PayPal may leave crypto natives hesitant to adopt the stablecoin. Oliver Buchmann/Unsplash)

Policy

U.S. Fed’s Vice Chair Barr Says CBDC Decision Still a ‘Long Way’ Off

Michael Barr, who leads the central bank’s regulatory efforts, said the Fed remains in the basic research phase and would need actual legislation from Congress to authorize the move.

Michael Barr, the U.S. Federal Reserve's vice chairman for supervision, says the central bank is far from a decision on a digital dollar. (Nikhilesh De/CoinDesk)

Markets

Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital

Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.

A U.S. dollar coin balances on top of rocks

Markets

Lira-Backed TRYB Token Becomes World's Second-Largest Non-Dollar-Pegged Stablecoin

BiLira's TRYB stablecoin is pegged to the lira (TRY) and 100% backed by fiat reserves held in Turkish banks.

TRYB's market cap (Coingecko)

Finance

Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market

Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.

Central banks from Mexico and Colombia studied crypto's role in the developing world (Flickr)

Tech

Shopify Customers Can Now Pay In USDC Via Solana Pay

The payment protocol, built on the Solana blockchain, has been integrated into Shopify.

Shopify customers can now pay in USDC via an integration with Solana Pay, the payment protocol on the Solana blockchain. (Shopify)

Finance

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.

Circle's Jeremy Allaire and Coinbase's Brian Armstrong (CoinDesk/Coinbase)