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Bitcoin News / Bitcoin.com - 3 years ago

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on F...

Cryptocoins News / CoinJournal - 3 years ago

AshSwap the first stable-swap DEX Launches on MultiversX Mainnet

Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge cr...

Cryptocoins News / EthereumWorldNews - 3 years ago

PayPal Halts Stablecoin Development Amid Regulatory Crackdown On Crypto

Paypal has stopped working on its upcoming stablecoin due to the recent crackdown on crypto by U.S. regulators.& The fintech giant had partnered with Paxos for its stablecoin.& Paxos is facing a probe by the New York Department of Financial...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

JPMorgan sees advantages in deposit tokens over stablecoins for commercial bank blockchains

Research from JPMorgan Chase explores the potential of deposit tokens as a stabilizing force in the digital money landscape. JPMorgan Chase and consultants Oliver Wyma...

Bitcoin News / Bitcoin.com - 3 years ago

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegge...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Stablecoin issuer Paxos reportedly probed by New York regulators

While the exact reason for the investigation hasn’t been revealed, it has been reported that the New York regulator plans on upping its efforts to protect consumers this year....

Bitcoin News / Bitcoin.com - 3 years ago

Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits

Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin,...

Bitcoin News / Bitcoinist - 3 years ago

BIS To Launch Stablecoin Monitoring Project Amid CBDC Development

The Bank of International Settlement (BIS) has decided to expand its tentacles beyond the walls of central banks’ oversight and Central Bank Digital Currency (CBDC) development. The Swizz-based Bank of Central Banks announced that it would lau...