Despite PayPal’s dominant position in the payments business, its stablecoin project, PYUSD, has stalled. Numerous integrations have not managed to attract users. The company is now subsidizing the stablecoin’s yield on DeFi platforms. Can this become a standard feature of private money?
The evolution of stablecoins mirrors that of Wildcat Banking: a period of non-federal regulation over the monetary system in the U.S. during the 19th century.
The evolution of stablecoins mirrors that of Wildcat Banking: a period of non-federal regulation over the monetary system in the U.S. during the 19th century.
Despite PayPal’s dominant position in the payments business, its stablecoin project, PYUSD, has stalled. Numerous integrations have not managed to attract users. The company is now subsidizing the stablecoin’s yield on DeFi platforms. Can this become a standard feature of private money?
The USDT on the TON network was integrated into several global exchanges, including Binance. This is a part of the two companies' strategy to boost USDT on TON adoption. The interest in the project is reflected in the TON token price, which is soaring due to institutional and retail demand.
The new stablecoin allows investors to lock in gold and receive US-dollar-pegged digital tokens, offering a unique twist on traditional stablecoin mechanisms.
The settlement includes a permanent ban on Terraform and Kwon from participating in crypto securities activities, leaving the future of Terraform's products open to community-led initiatives.
Prompted by high interest rates and competition, stablecoins that earn yield are on the rise. Are they a fad or the new normal of the largest crypto-asset class?
