PayPal, the global leader in online payments, has announced the launch of its own stablecoin, PayPal USD (PYUSD), which is backed by the US dollar and issued by Paxos Trust Co. The new stablecoin aims to facilitate faster and cheaper transactions across the PayPal network and beyond. Today, we’re unveiling a new stablecoin, PayPal USD […]
Cryptocurrency markets have seen significant growth in the past few years, making quick and low-cost transactions more accessible to investors. However, the inherent volatility of cryptocurrencies still causes hesitation among many potential users, especially when it comes to using them for everyday payments. To address this issue, stablecoins have emerged as a solution, providing stability […]
In a recent Congressional hearing focused on monetary policy, Fed Chairman Jerome Powell expressed his views on cryptocurrencies and the role of stablecoins in the financial landscape. While Powell acknowledged the resilience of the crypto industry, he emphasized the importance of regulatory oversight, particularly when it comes to stablecoins. Powell affirmed that stablecoins, unlike other […]
Stablecoins play a crucial role in the cryptocurrency market, providing stability in a volatile environment. They serve as reliable and liquid stores of value for digital asset exchanges. While popular stablecoins like Tether, Binance USD, and USDC gained traction in 2017–18, the bear market of 2022–2023 caused a significant drop in their market cap, with […]
Stablecoins have become increasingly popular in recent years, and for good reason. They offer a stable value, making them an ideal currency for conducting transactions and storing funds. In this blog post, we’ll explore the most common use cases for these stable assets, from on-ramps/off-ramps to gaming, and see how they are revolutionizing the way […]
Félix Pago is revolutionizing the remittance industry by leveraging blockchain and AI to make remittances as simple and fast as sending a message. The platform claims to be the world’s first chatbot on WhatsApp that allows foreign-born Latino immigrants in the US to send remittances abroad. The World’s First WhatsApp Chatbot for Remittances In an […]
The cryptocurrency market is no stranger to ups and downs, but the past few days have been particularly turbulent for USDC. As a stablecoin, USDC’s value is supposed to remain constant at $1. However, in the past 48 hours, it has experienced a “depeg,” with its value dropping below $0.90 for the first time. Yikes! […]
Stablecoin yield farming is like a digital treasure hunt, except instead of gold doubloons, you’re looking for high yields on your stablecoins. So, grab your crypto map, and let’s dive into the world of stablecoin yield farming! What is Stablecoin Yield Farming? Stablecoin yield farming is a method of earning rewards on your stablecoins by […]
The Canadian Securities Administrators (CSA) has recently published a set of new requirements for cryptocurrency companies, specifically targeting stablecoin trading platforms. Stablecoins are digital assets that are designed to maintain a stable value and are backed by a reserve asset. They are used by cryptocurrency investors and traders as a way to store value without […]
