PayPal’s Stablecoin Starts Using LayerZero to Enable Ethereum and Solana Transfers
PayPal has announced that its stablecoin, which is pegged to the U.S. dollar, is now utilizing LayerZero to optimize transfers between Ethereum and Solana.
Robinhood, Kraken and Paxos Launch a New Global Dollar Stablecoin
A group of influential figures in the world of cryptocurrency are supporting a new stablecoin, called the Global Dollar (USDG), that focuses on compliance and regulation.
Tether’s Q3 Net Profit Reaches $2.5B
According to its latest attestation report, Tether reported a $2.5 billion profit in the third quarter, bringing its total profit to $7.7 billion in the first nine months of 2024.
Paxos Launches a Stablecoin in Association with DBS Bank
Paxos, a company that specializes in regulated blockchain infrastructure, has recently announced the release of its new stablecoin, Global Dollar (USDG). This particular stablecoin is compliant with Singapore regulations and is backed by United States dollars that are reserved and managed by DBS Bank. The launch of USDG comes after Paxos previously launched another stablecoin, known as the Lift Dollar […]
Stripe Acquires Stablecoin Platform Bridge in Recent Deal
TechCrunch founder Michael Arrington has reported that payment processing giant Stripe has acquired digital currency platform Bridge for $1.1 billion.
Thai Bank Announces Stablecoin Remittance Services
Siam Commercial Bank (SCB), Thailand’s oldest commercial bank, has announced plans to offer stablecoin-based cross-border payment and remittance services to its clients.
Leading Stablecoin Issuers & Crypto Firms Embrace International Set Of Stablecoin Standards
London, United Kingdom, 9th October 2024, Chainwire
