PayPal Launches New Crypto Feature: Select Users Are Soon to Test Cryptocurrencies Hub
To be eligible for the new Cryptocurrencies Hub, a PayPal user must have “a personal PayPal account and a Balance Account in good standing”
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Crypto Company Circle to Expand Its Product Line
The Circle Internet Financial crypto company hopes that its $1 billion cash reserve will allow it to withstand the process of competition from so-called non-crypto firms like PayPal Holdings.
Japanese Fintech Soramitsu to Develop Asian Cross-Border Payments System Using CBDCs and Stablecoins
Cambodia’s central bank digital currency (CBDC), Bakong, will become the foundation for an expanding international payment system for Asian countries
Curve Finance Exploit Brings Losses of $47M
Hackers were able to steal over $47 million from several stable pools at Curve Finance – an exchange liquidity pool on Ethereum
Myanmar Shadow Government to Launch Neobank to Finance Fight Against Military Junta
The shadow government of Myanmar, the National Unity Government (NUG), plans to create a neobank, whose activities will be carried out on the Polygon platform.
Aave Introduces GHO Stablecoin
Crypto lender Aave presented his first stablecoin called GHO.
Korean Prosecutors Seek Crypto Millions Tied to Do Kwon and TerraUSD
The South Korean prosecutor’s office said that Do Kwon, after his arrest at the end of March, was able to withdraw tens of millions of dollars from an organization that is associated with his blockchain project, which suffered a crushing failure.
Circle to Replace USDC With Native Arbitrum Version
USDC stablecoin developer Circle will launch the “official” version of its token running natively on the Arbitrum network
Tether Recovers All Value After 2022 Crash
Stablecoin Tether Holdings Ltd. restored the entire market value of about $20 billion.
Bank of England Says Stablecoin Use Need Limits
The Deputy Governor of the Bank of England, John Cunliffe, admitted that, with a high degree of probability, regulators will be forced to introduce restrictive measures regarding the possibility of using stablecoins to perform payment financial operations.
U.S. Lawmakers Set to Examine Future of US Stablecoins
In the United States, hearings are due to take place this week, according to the results of which local legislators will decide on the future of stablecoins.
Mastercard Integrates With a Stablecoin Digital Wallet
Mastercard collaborated with the Australian stablecoin platform Stables to allow retail customers in the APAC region to spend their stablecoins
Swiss Bankers Association Considers Joint Deposit Token
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Circle Finds New Banking Partner After SVB Failure
The stablecoin issuer Circle, affected by the recent closures of crypto-friendly SVB and Signature Bank, has found a new banking partner recognised for its services to Visa and Coinbase
