BitPay has integrated PayPal USD (PYUSD), a stablecoin issued by Paxos Trust Company, into its payment offerings.
What Is a Stablecoin?
A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset such as Gold or the U.S. dollar. Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of digital currencies, and the fiat currencies like stability.
TrueUSD (TUSD), USD Tether (USDT), USD Coin (USDC), Diem, nUSD, and Dai are some examples of stablecoin.
Stablecoin Latest News
Shulga anticipates a transformative shift with PayPal’s entry, suggesting that the tech giant’s endorsement could reshape perceptions and enhance acceptability among both consumers and regulators.
“The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar,” states PayPal President and CEO, Dan Schulman.
KUMA Protocol leverages tokenization technology to empower users with access to traditional assets, specifically corporate and treasury bonds.
TrueUSD (TUSD), a prominent stablecoin provider, has announced plans to expand its management services internationally, following a growing trend in the industry. Since its inception in…
The anonymous team behind tomi, a DAO-governed, surveillance-free Web3 infrastructure, launches tomi Privacy Layer (TPL), an encrypted Layer 2 protocol, that enables users to transact on Ethereum privately.
Word on the street is that traditional finance and payment titans are hitting the brakes on crypto-related partnerships following a tumultuous 2022. This couldn’t be further…
This stablecoin is unlike any other, as it is fully backed by Bitcoin, offering unparalleled security, censorship-resistance, and reliability.
Key Takeaways AugmentLabs DAO is disrupting the cryptocurrency space by launching the world’s first algorithmic stablecoin with multi-prong fail-safe mechanisms. With the collapse of trusted, centralised…
Users of tokenized precious metal platform VNX can now trade, deposit, and withdraw funds with crypto tokens referencing the Euro and Swiss franc on Emirex.