Katana CEO Matt Fisher has said a dollar stablecoin planned by 21 financial institutions for the first half of 2027 could generate yield through independent DeFi protocols, although holders would assume risks not covered by its issuing banks. Katana CEOβ¦
MoonPay issues the token. It is backed by PYUSD. PYUSD is issued by Paxos and backed by actual dollars and Treasuries. Count the layers: there are two, and the law Congress passed last year describes one.
Danmarks Nationalbank has warned that a sharp increase in stablecoin use could eventually affect Denmarkβs payments, financial system and monetary policy transmission, despite their limited use in the country today. Danmarks Nationalbank said in a Sept. 9 analysis that stablecoinsβ¦
PayPal, M0, and MoonPay have publicly launched PYUSDx after three products processed about $100 million through the business stablecoin platform. M0 CEO and co-founder Luca Prosperi told crypto.news that PYUSDx gives businesses control over token rules, revenue, and administration thatβ¦
The first regulated crypto company to land a Premier League shirt deal did so three months after the Financial Conduct Authority told clubs to stop signing βdodgyβ sponsors. Circle is not dodgy. But the product on the shirt exists inβ¦
Corn has launched a private members club for digital asset holders after closing its Bitcoin layer-2 network, as a third investment from Polychain Capital has taken its total funding to $19 million. Corn closed its Bitcoin layer 2 after depositsβ¦
DDSC and Network International have launched the UAEβs first in-store pilot for payments using a Central Bank-licensed, AED-backed stablecoin, allowing customers to spend DDSC through existing point-of-sale terminals at selected retailers. According to a press release shared with crypto.news onβ¦
The CLARITY Act has moved closer to defeat ahead of its Sept. 15 Senate vote as lawmakers remain divided over presidential ethics rules and stablecoin rewards. CLARITY Act ethics talks remain stalled Semafor reported on Sept. 8 that Republican senatorsβ¦