Binance, the world’s largest cryptocurrency exchange by trading volume, has announced it will soon restrict access to stablecoins that are considered “unregulated” by the European Union. This change will take effect on June 30, 2024, aligning with the EU’s new Markets in Crypto-Assets Regulation (MiCA). In a recent statement, Binance emphasized that the implementation of […]
Stablecoins have had a strong few months. These digital assets aim to maintain a stable value, usually pegged to a currency like the US dollar. In the past 90 days, stablecoins have seen an impressive $16 billion in inflows, showing high demand. The largest stablecoin, Tether (USDT), accounts for most of this growth. Its market […]
Sector knowledge is comparable to a crypto-investing powerhouse. Similar to purchasing a stock because your bookie suggested it, a lot of people purchase cryptocurrency without understanding what the company performs. Astute stock investors investigate the underlying business, so too should astute cryptocurrency investors. Companies listed on traditional financial markets are categorized under the Global Industry […]
PYUSD, PayPal’s stablecoin, has been introduced on the Solana blockchain for faster and cheaper transactions. Almost a year after its Ethereum launch, PayPal’s stablecoin PYUSD is being introduced on the Solana blockchain.This change provides users with the option to choose between different blockchain networks, enhancing flexibility and control over their transactions and holdings. PYUSD Makes […]
PayPal is introducing a new service that lets U.S. clients transfer money across borders using its PYUSD stablecoin.U.S. Users of PayPal’s international payments service, Xoom, can convert PYUSD to USD and send money to recipients in around 160 countries without incurring transaction fees. PayPal, based in Silicon Valley, is aiming to expand the use of […]
According to a Reuters Exclusive report, Venezuela’s state-run oil company, PDVSA, is ramping up its use of digital currencies, particularly USDT (Tether), in its crude and fuel exports. This move comes as the United States is set to reimpose oil sanctions on the country after a general license was not renewed due to a lack of electoral reforms. According to […]
Tether, the digital asset industry’s giant, is moving beyond its famed USDT stablecoin to offer a wider range of infrastructure solutions for a more inclusive global economy. The company noted in a recent blog post that its new focus includes cutting-edge technologies and sustainable practices, expanding its mission beyond stablecoins to financial empowerment. Tether’s move marks […]
In the initial week of April, the weekly transaction volume of Tether (USDT) on the Tron network surged to $110 billion, highlighting increased stablecoin engagement within the network. As per a tweet from IntoTheBlock, Tether’s recent weekly gain’s achievement on Tron doubled the amount settled on Ethereum, affirming Tron’s dominance as the primary platform for […]
Coinbase collaborated with Compass Coffee, a coffee chain based in Washington DC, to facilitate USDC payments at its establishments. To promote the integration of cryptocurrencies into daily transactions, Coinbase, a well-known crypto exchange, has taken action. Partnering with Compass Coffee, a notable veteran-owned coffee chain headquartered in Washington D.C., Coinbase aims to utilize the USD […]
