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Paxos Fat-Fingers $300T of PayPal Stablecoin, Outpacing USD's $2.4T Supply
The supply deluge was quickly reversed with burn mechanism.
PayPal Ventures Invests in Stable to Expand PYUSD Reach
The move will unlock new commerce use cases, particularly in emerging markets where dollar-based payments have the biggest impact.
Stellar Performance From XLM as It Posts Top 24H Percentage Gain Among Top 20 Cryptos
On Saturday, Stellar's XLM surged 6% to $0.3880, making it the top performer by percent change among the top 20 cryptocurrencies by market cap.
PayPal Brings Its Stablecoin to Stellar for Cross-Border Remittances, Payments Financing
PayPal USD (PYUSD) plans to use Stellar for new payments and remittance use cases, as well as bringing PayFi options to millions of users and merchants.
PayPal to Pay 3.7% Annual Yield on Stablecoin PYUSD to Encourage Broader Use
The move is meant to increase adoption of PYUSD amid growing competition in the stablecoin market
SEC’s Case Against Kraken Going to Trial; PayPal's PYUSD Tops $1B Market Cap
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a California judge ruled that the SEC's lawsuit against Kraken will proceed to trial. Plus, Celsius' bankruptcy administrator paid out over $2.5 billion to creditors, and PayPal's stablecoin, PYUSD surpassed $1 billion in market cap.
Paxos Cuts 20% of Staff: Reports
A Bloomberg report says the company will have an increased focus on tokenization.
If PayPal's Stablecoin Is a Security, Anything Could Be
Former BUSD manager Austin Campbell said the SEC’s subpoena over PYUSD beggars reason.
'Santa Rally' Could Spark Bitcoin to $56K by Year-End; PayPal Faces SEC Inquiry
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest topics in the crypto industry today, including a new price prediction that bitcoin (BTC) could rise to $56,000 by Dec. 31, in line with its record of maintaining bullish momentum in final months of the year. FTX founder Sam Bankman-Fried's trial is wrapping up. And, PayPal received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin.
Jeremy Allaire on Circle’s ‘Multi-Decade’ Strategy and Where Stablecoin Regulation Is Headed
Circle co-founder and CEO Jeremy Allaire joins Unchained for an in-depth discussion on the reasons behind Coinbase’s investment in Circle, how Circle has emerged stronger from the banking crisis, what he thinks of PYUSD, what he likes and doesn’t like about the current U.S. stablecoin bill, and his thoughts on what the final bill will look like.
