Stablecoin
Unpacking PayPal's Stablecoin Demand From Crypto Users
Global payments giant PayPal's (PYPL) new stablecoin has seen a "lack of demand from crypto users," according to a new report from The Block, citing data from blockchain analytics firm Nansen. "The Hash" panel discusses their outlook for PayPal USD (PYUSD) as the crypto winter drags on.
Solana Foundation Strategy Head on Shopify Integration, Crypto Payments Outlook
Shopify customers can now pay in stablecoin USD Coin (USDC) via an integration with Solana Pay, the payment protocol on the Solana blockchain. Solana Foundation head of strategy Austin Federa discusses the partnership and USDC's benefits for merchants. Plus, what the future holds for crypto payment adoption and real-world use cases of the Solana ecosystem.
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
Coinbase Acquires Stake in Stablecoin Operator Circle
Cryptocurrency exchange Coinbase (COIN) is getting a minority stake in Circle Internet Financial and the stablecoin issuer is bringing issuance and governance of USDC completely in-house as the companies dissolve their Centre Consortium partnership. "The Hash" panel weighs in on Coinbase's recent moves in the crypto industry amid recent U.S. regulatory pressure.
Tether to Discontinue Support for Bitcoin Layer Omni Due to Lack of Demand
Tether said that it will stop support for Omni, a Bitcoin layer used for USDT transfers since 2014. The stablecoin issuer will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement. "The Hash" panel discusses the discontinuation of legacy products as cycles rotate in the crypto industry.
How PayPal Upended the Crypto Debate in Washington D.C.
Democratic policymakers are rethinking their stance on stablecoins in the wake of the fintech giant's PYUSD announcement, says John Rizzo. Here's why.
Singapore's Central Bank Releases Stablecoin Regulatory Framework
Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request
Bitcoin Price Steady Around $29.3K as SBF Goes Back to Jail
Bitcoin (BTC) is trading flat near the $29,300 level as investors react to the news that FTX founder Sam Bankman-Fried was sent to jail ahead of his October trial over attempts to tamper with witnesses. Ethena head of research & data Conor Ryder discusses the lack of price action in bitcoin and ether. Plus, insights on traders' interests in meme coins and a potential stablecoin race as fintech giant PayPal releases its dollar-pegged stablecoin PYUSD.
Bank of America Predicts PayPal’s Stablecoin Unlikely to Be Used Widely Anytime Soon
The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant in the near term, Bank of America said in a research report on Thursday. "The Hash" panel discusses the outlook for PYUSD and why this is a project to watch.
Why Smart Tokens Could Bring a 'Radical New Digital Experience'
Could smart tokens offer a gateway for companies to create new digital ownership opportunities? Smart Token Labs Chief Strategy Officer Mathew Sweezey breaks down the opportunities of smart tokens, explaining why they could be the "key" to "create these next-era digital primitives" and also enable a "radical new digital experience." Plus, reactions to PayPal's dollar-backed stablecoin launch.
