Tag Archives: Stablecoins

In a recent interview with Yahoo Finance, Coinbase CEO Brian Armstrong shared insights into the company’s plans and its interest in flatcoins. Armstrong also shared more details on the future of cryptocurrency and the necessary next steps amid growing regulatory scrutiny. Armstrong Discusses Coinbase’s Future Plans Coinbase’s exec talked about ‘flatcoins’ in the interview, which is an emerging concept that has yet to gain much traction in mainstream crypto discussions....

On the 29th of August, Jeremy Allaire – the CEO of Circle, the company that mints and holds governance over USDC – announced that the popular stablecoin would be coming to Base and Optimism within a week. The launch was part of Circle’s plan to improve the utility of USDC by bringing the stablecoin to more blockchains in a native token, eliminating the need for bridged Ethereum tokens. The decision came shortly after the announcement of a new super chain agreement with...

After two years of split governance, the cooperation between the two companies has culminated in a new agreement, with Coinbase even acquiring a minority stake in Circle. Earlier this summer, Circle shared plans to upgrade USDC’s technical capabilities in order to pave the way for present and future projects – and the release of the next upgrade has just been announced. Stable September On the 29th of August, Jeremy Allaire – the CEO of Circle – announced that USDC would be...

On the 22nd of August, Balancer Labs – a non-custodial portfolio manager, liquidity provider, and price sensor – received reports of a massive vulnerability affecting several of its lending pools. At the time, no attacks had been carried out – but that changed recently. Community Alerted As soon as the exploit was discovered, Balancer devs published a warning to its users, noting that certain pools had already been marked as safe and promising a post-mortem of the situation...

Stablecoin payment adoption continued to thrive last year despite massive capital outflows from the crypto market at large, according to a new report from European hedge fund manager Brevan Howard. Analysts found that the stablecoin market settled over $11 trillion in value in 2022 and that over 25 million blockchain addresses held over $1 in stablecoins. Stablecoin Adoption by the Numbers The fund’s report – co-authored by Venture Co-Head Peter Johnson and quant analyst Sai...

Although the lion’s share of the stablecoin market is occupied by USD-pegged assets – with a smaller subset of such pegged to the euro – companies all over the world have started launching stablecoins pegged to their native currencies in a bid to offer companies and consumers an alternative to traditional payment services. One of these firms is Num Finance, a small Argentine fintech company, which just launched nCOP – a stablecoin built on the Polygon network and linked to...

The Board of Directors of PayPal disclosed that the new Chief Executive Officer of the payment processor giant will be Alex Chriss (an executive who runs Small Businesses and Self-Employed Group at Intuit). He will enter the new role on September 27, replacing Dan Schulman. The amendment comes a week after PayPal doubled down on its crypto efforts by launching a stablecoin pegged to the valuation of the US dollar.  PayPal With a New Boss The announcement states that the Board...

Following last year’s stablecoin implosion, international leaders have emphasized the importance of setting up global regulations and norms for this sector. Despite such calls, only a few have taken concrete steps to enact these measures. In contrast, Singapore’s central bank has taken a proactive approach by introducing a structured framework, outlining various prerequisites, aiming to bring transparency to stablecoin issuers and their operations. Singapore’s Stablecoin...

Payments giant PayPal is launching its own stablecoin, and the move has got both traditional fintech players as well crypto firms excited. Dubbed ‘PYUSD,’ the stablecoin is built on Ethereum and is 1:1 redeemable for US dollars. The move essentially marked the first such move from a major financial institution in the United States. While PayPal briefly stopped working on its stablecoin a few months ago amid tightening regulatory scrutiny of crypto, the subsequent announcement...

Global payments giant PayPal has deepened its footsteps into the crypto industry by launching a dollar-backed stablecoin dubbed PayPal USD (PYUSD). The move makes PayPal one of the first large U.S. financial companies to launch its own stablecoin despite regulatory uncertainty around crypto assets in the country.  As a USD-pegged stablecoin, PayPal USD maintains a fixed value to the U.S. dollar, and it will be issued by the popular white-label stablecoin maker Paxos Trust...