2023-2-13 14:31 |
Paxos ends relationship with Binance for BUSD stablecoin. BUSD continues to be fully supported & backed 1:1 with US dollar reserves. Customers can redeem funds in USD or convert to Pax Dollar (USDP). origin »
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Nouriel Roubini says most crypto is vaporware backed by nothing, naming stablecoins as the only legitimate killer app after 20 years of Bitcoin. The post Dr. Doom Calls Most Crypto Vaporware Backed by Nothing, Except One Use Case appeared first on BeInCrypto.
msUSD lost its dollar peg after Accountable ended its Main Street verification deal, erasing most of the token's value. The post Main Street msUSD Stablecoin Loses Dollar Peg and Crashes 90% appeared first on BeInCrypto.
Stablecoin liquidity is staying inside crypto rather than cashing out. Still, it is bypassing exchanges and flowing into yield strategies, tokenized stocks, prediction markets, and real-world assets, according to an analyst.
OpenPayd plans a $1.145 billion Nasdaq listing via SPAC merger with Titan, fueled by surging stablecoin payments adoption. The post UK Fintech OpenPayd Eyes $1.1 Billion Nasdaq IPO appeared first on BeInCrypto.
Crypto leaders rally behind the CLARITY Act after JPMorgan's Jamie Dimon attacks the bill and the Coinbase CEO replies with a viral meme. The post Coinbase vs. JPMorgan Feud Escalates Over the CLARITY Act appeared first on BeInCrypto.
JPMorgan's Dimon says banks 'will not accept' the CLARITY Act and urged Wall Street to fight stablecoin yield rules. The post JPMorgan CEO Jamie Dimon Blasts Coinbase: Banks Won’t Accept Stablecoin Bill Without Equal Regulation appeared first on BeInCrypto.
Kyrgyzstan has launched a state stablecoin backed by physical gold, built its own gold vault, and brought Binance founder Changpeng Zhao into its crypto policy circle. Zhao, widely known as CZ, now holds a Kyrgyz passport and serves as an adviser to the country’s president, according to Arsen Edilbek uulu, co-founder of KYTLABS and head The post How Kyrgyzstan is Becoming the Switzerland of Crypto appeared first on BeInCrypto.