Reading Time: < 1 minute Ripple, the issuer of the cryptocurrency XRP, has announced its plans to release a new stablecoin backed by the United States dollar.
Tag: Stablecoins
Stablecoins
PayPal Enables PYUSD to USD Conversions for US Users
Reading Time: < 1 minute PayPal has announced that it will now allow all users in the United States, except for Hawaii, to use PayPal USD (PYUSD), its native stablecoin, to fund international money transfers in US dollars to family and friends.
IMF Says Stablecoins and CBDCs Can Benefit Distant Countries
Reading Time: < 1 minute The International Monetary Fund (IMF) highlights in its report that Central bank digital currencies (CBDCs) and stablecoins could significantly enhance the availability and quality of financial services in Pacific island countries.
Coinbase Will Move Customer and Corporate USDC Accounts to its Stablecoin Base
Reading Time: < 1 minute Coinbase will be migrating more of its customer and corporate stablecoin accounts to its Ethereum layer-2 blockchain called Base.
OKX to Remove USDT Trading Pairs in Europe
Reading Time: < 1 minute Cryptocurrency and digital assets exchange OKX has reportedly stopped supporting Tether trading pairs in the European economic area.
Tether to Deploy USDT on Celo’s Blockchain
Reading Time: < 1 minute Tether plans to launch its USDT stablecoin on Celo’s EVM-compatible Layer 1 blockchain in the near future.
Tether Launches a USDT Recovery Tool
Reading Time: < 1 minute Tether, the company behind the USDT stablecoin, has announced a new tool for recovering assets.
Hacker Steals $6M from Stablecoin Protocol Seneca
Reading Time: < 1 minute Stablecoin protocol Seneca has fallen victim to an exploit that resulted in a loss of over $6 million on both the Ethereum and Arbitrum networks.
Whales Are Increasing USDT Reserves on Crypto Exchange Bitfinex
Reading Time: < 1 minute Large investors with a minimum balance of $100,000 in Tether (USDT) are contributing to the increase in stablecoin volume on Bitfinex.
