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Nalezeno "new stablecoin": 105

Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a Month

23.9.2023
Since the start of 2023, the size of the stablecoin economy has decreased amid numerous redemptions. However, new stablecoin asset projects, such as Aave’s GHO, First Digital’s FDUSD, and Paypal’s PYUSD, have emerged. On September 1, a stablecoin protocol named Prisma Finance...

Binance pushes new stablecoin as it confirms plan to cease BUSD support

31.8.2023
Paxos has earlier said it will halt support of Binance's stablecoin by February 2024, now the exchange has said it will also stop support by that time

Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears

23.8.2023
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to convert...

PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

21.8.2023
Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin

Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin

17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...

Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin

9.8.2023
The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday

PayPal’s New Stablecoin and the ‘2 Wolves’ Inside Crypto

8.8.2023

PayPal introduces PYUSD, new stablecoin

8.8.2023
PayPal has introduced its stablecoin to the community. It goes by the symbol PYUSD. PayPal’s stablecoin is backed by the US Dollar with a value equivalent to the fiat currency. Meaning 1 US Dollar translates to 1 PYUSD. The stablecoin will roll out in the days to come; however, the community...

Paypal’s New Stablecoin Sparks Confusion: Wave of Counterfeit Tokens Flood Decentralized Exchanges

7.8.2023
Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of PYUSD’s token address by Paypal or Paxos...

Ripple partners with The Republic of Palau for new stablecoin

27.7.2023
Ripple recently announced a partnership with the Republic of Palau. The blockchain network has been making waves ever since its monumental win against the SEC. The collaboration will see Ripple and the Republic of Palau piloting a US dollar-backed stablecoin. The project will take place on the...

Aave Launches GHO Stablecoin on Ethereum Network

17.7.2023
Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3). Aave’s Dollar-Pegged GHO Token Goes Live...

Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena

17.7.2023
The Portugal-based startup also plans to launch a bond token built on the stablecoin platform in the third quarter of 2023

US House Committee releases new stablecoin bill draft

9.6.2023
The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first form of crypto legislation in the U.S

New Stablecoin Bill Drafted by House Republicans as Compromise With Democrats

9.6.2023
The Republican chair of the House Financial Services Committee has released a new draft of the leading U.S. legislative proposal for overseeing stablecoins, and it includes some of the positions of Democratic lawmakers

New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing

5.6.2023
Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH)

House Democrats Consider New Stablecoin Bill Proposal: Source

12.5.2023
House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft

Former CEO of Troubled Crypto Firm Creates New Stablecoin – How Does it Work?

14.3.2023
Flex Yang, the former CEO and founder of Babel Finance, has introduced a new decentralized stablecoin backed by crypto-native reserves and an entire DeFi ecosystem built around it. Yang claimed the Hope stablecoin blends centralized finance (CeFi), decentralized finance (DeFi) and traditional...