Source: CoinDesk The payments company’s stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain and DeFi reward programs reignited the token’s growth. PayPal’s PYUSD reached $1 billion in supply, per CoinMarketCap data. The stablecoin benefited from its expansion to the bustling Solana ecosystem, with… Continue reading PayPal’s Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana
Tag: Stablecoin
Tether plans to launch dirham stablecoin with UAE partners
Source: Cointelegraph Tether teams up with the UAE’s Phoenix Group and Green Acorn Investments to launch a dirham-backed stablecoin, which aims to improve international trade and remittances. Tether, the largest stablecoin provider in the digital asset industry, has announced plans to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). According to… Continue reading Tether plans to launch dirham stablecoin with UAE partners
Animoca, Standard Chartered team up in HKMA stablecoin sandbox
Source: Cointelegraph The Hong Kong Monetary Authority has selected three parties for assessment in its stablecoin issuers sandbox. A day after winding up the consultation period on stablecoin issuer regulations, the Hong Kong Monetary Authority (HKMA) announced the first participants in its stablecoin issuer sandbox. They are a company linked to a large Chinese e-commerce… Continue reading Animoca, Standard Chartered team up in HKMA stablecoin sandbox
RWA platform Swarm Markets to offer tokenized gold via NFTs as MiCA stablecoin rules begin
Source: The Block The German real-world asset (RWA) tokenization platform Swarm Markets will let users buy NFTs, which represent gold ownership. After passing KYC and AML checks, users will be able to swap the NFTs on a peer-to-peer basis via Swarm’s decentralized platform. With a little more than one week before the EU’s Markets in… Continue reading RWA platform Swarm Markets to offer tokenized gold via NFTs as MiCA stablecoin rules begin
Tether Debuts New ‘Synthetic’ Dollar Backed by Tokenized Gold in Tokenization Push
Source: CoinDesk Users can mint new tokens using the company’s new Alloy platform, which will be part of Tether’s upcoming tokenization venture, CEO Paolo Ardoino said. Tether, the company behind the $110 billion stablecoin (USDT), debuted Monday a new token minting platform called Alloy on the Ethereum network that lets users create tokens collateralized by… Continue reading Tether Debuts New ‘Synthetic’ Dollar Backed by Tokenized Gold in Tokenization Push
Banks could flood into stablecoins if new bill passes: S&P Global
Source: Cointelegraph The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings. A new stablecoin-focused bill introduced to the United States Senate could “encourage” U.S. banks to step into the stablecoin market, says global ratings firm S&P Global Ratings. In an… Continue reading Banks could flood into stablecoins if new bill passes: S&P Global
