stablecoin
Featured Article
USDC stablecoin issuer Circle files confidentially for an IPO
After trying to go public twice via SPAC deals, Circle is trying to go public once again. Would that other private tech companies were as bold.
Just three months after PayPal entered the fray to bring stablecoins to the masses, it’s attracting attention from U.S. regulators that are tightening the screws on the stablecoin sector. The…
PayPal announced today that PYUSD, its stablecoin for payments and transfers, is now available on Venmo. PYUSD is available to select users starting today and will be rolling out fully…
USDC issuer Circle expands Asia focus in push to enter the region’s flourishing payments ecosystem
How can Asian businesses send and receive payments cheaper, faster and more securely? Circle thinks the answer may come from blockchain and stablecoins.
PayPal is rolling out a stablecoin for payments and transfers, the company announced on Monday. PayPal USD (PYUSD) is issued by Paxos Trust Company and is backed by U.S. dollar…
While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The Hong Kong Monetary Authority…
Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic significance of…
Featured Article
SVB’s mess could become stablecoins’ problem
After USDC depegged from $1 last week, many are questioning whether SVB’s collapse has bigger implications on the stablecoin ecosystem
Flex Yang, the former CEO and founder of Babel Finance, is leading efforts to restructure the now embattled crypto asset unicorn while introducing a new decentralized project with hopes to…
Uncertainty stands around multibillion USDC empire as issuer Circle held reserves at Silicon Valley Bank
Update: After publication and our first update to include Circle’s initial statement regarding USDC’s reserves, the company announced that “3.3 billion of the ~$40 billion of USDC reserves remain at…
Featured Article
FTX’s seemingly sluggish withdrawals raise eyebrows
On-chain data shows limited withdrawal requests for users trying to transact on FTX’s exchange.
More investors are swapping cryptocurrencies for stablecoins, signaling a potential shift toward the less risky asset.
With DolarApp, users can open a bank account going from peso to dollar dominated stablecoin USD Coin (USDc) and back in seconds.
Welcome to Chain Reaction, where we unpack and explain the latest in crypto news, drama and trends, breaking things down block by block for the…
Binance, the issuer of the world’s third-largest stablecoin, said on Monday it will convert customers’ holdings in three rival stablecoins USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD)…
There are some events in your life that you look back on and think to yourself, “Wow, that was a really tough time.” We all…
Crypto lending and financial services companies have been at the forefront of the industry’s latest controversies ever since the collapse of the Terra stablecoin, with many drawing parallels between the…
As many subsectors in the crypto market continue to take heavy hits from recent volatility, some market players see DeFi as resilient and gaining interest despite the macroeconomic environment.
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back…
As the crypto markets continue to trend downward, the world’s second-largest crypto exchange, FTX, remains undeterred.
Three years after Facebook announced its ill-fated push into cryptocurrency, aka the Libra project, the tech giant has signalled another scaling back of its activity — announcing Friday that Novi,…
“The bill matters as it is a step in the right direction for legislation and definition of ‘crypto,’ what a ‘crypto asset’ is and what regulation will look like,” said…
Is Terra’s Do Kwon the Bernie Madoff of crypto? Hello and welcome back to the Chain Reaction podcast, where we unpack and explain the latest crypto news,…
Hey everyone, and welcome back to Chain Reaction. Last week, we talked about the rough road ahead for Coinbase. This week, we’re talking a bit…
Terra community passes proposal to revive LUNA cryptocurrency following stablecoin-led implosion
Terraform Labs’ plan to revive the Terra Ecosystem after its stablecoin UST and cryptocurrency LUNA nosedived earlier this month has passed and been approved by the community.
As members of the Terra community try to pick up the pieces from its currently defunct economy, Polygon is beckoning to the dozens of developers who had projects built on…
Despite recent swings in cryptocurrency values, many institutional investors appear undeterred. The growth of Babel Finance, which offers a suite of institution-facing crypto financial products, could be an indicator of…
Mass adoption of blockchain technology and digital assets is going to happen sooner rather than later, according to Mastercard’s VP of new product development and innovation, Harold Bossé.
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It’s Monday, which…
As equities continue to trade down from recent peaks, investors are searching for higher returns. Some have turned to the crypto-based decentralized finance (DeFi) realm, where yields from lending and…
