On Monday, online payments processor PayPal announced the launch of its long-promised dollar-pegged stablecoin. The token was originally expected in Q1 2023, but was delayed following an SEC notice against issuing partner Paxos.

Tether published its quarterly reserve report. The company has built up reserves but added little to the overall transparency.

As Tether again stopped a scam in its tracks by blacklisting a hacker’s account, users are reminded about the powers they hand to centralized money issuers.

Startup Ethena picked up on the crypto visionary's idea for a stablecoin that is fully collateralized, yet independent of the traditional financial system. The project has already received funding and onboarded a motivated team.

Monerium EURe users can now transfer money between their Safe smart wallet and their traditional bank account with ease, further closing the divide between digital and traditional banking.

Binance-supported and Justin Sun-linked True USD has bucked the trend for more transparency in the stablecoin market, as full control of reserves and private keys has now passed to mysterious offshore owner Techteryx. Should we be concerned?

Rpay will indefinitely stop all fiat deposits and withdrawals in Venezuela, Argentina, Colombia, Ecuador, Peru, and Panama. The founders cite banking problems.

Reserve Protocol, founded in 2018, is experimenting with decentralized asset-referencing tokens (stablecoins). With a relatively low market cap, it already has a significant transaction base in emerging markets.