Num Finance launches stablecoin pegged to Colombian Peso on Polygon
Num Finance’s new stablecoin nCOP adds to the nARS and nPEN pegged on Argentina Peso and Peruvian Sol. Colombia is one of Latin America’s top remittances markets with nearly $6.5…
Coinbase buys a stake in USDC stablecoin issuer Circle
Previously, Coinbase only assumed a minority role as a distributor and promoter of the Circles USDC project. Buying a stake in Circle means Coinbase is taking a more hands-on approach…
PayPal launches its stablecoin: What it means for Shiba Memu presale
Key takeaways PayPal launched its stablecoin pegged to the US Dollar earlier this week. Shiba Memu’s presale has now raised more than $1.7 million. PayPal, one of the leading payment…
Concerning revelation: PayPal’s stablecoin can wipe out account balances
PayPal launched its stablecoin on the Ethereum blockchain. Huobi has already announced it will launch the new stablecoin. The PYUSD has an “assetProtection” role that can wipe your balance in…
Huobi to list PayPal’s PYUSD stablecoin
Huobi plans to list PayPal USD (PYUSD), the stablecoin launched by PayPal. Trading for PYUSD/USDT will open when liquidity conditions are met. Crypto exchange Huobi has announced it will list…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…
GHO: A Decentralized Multi-Collateral Stablecoin by Aave
What is GHO? GHO is a stablecoin developed by the Aave protocol team. It is pegged to the US dollar and users can mint GHO by supplying any (or a…
MakerDAO votes to decrease GUSD held in DAI stablecoin reserve
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves. The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve…
Hong Kong-based First Digital launches new USD-backed stablecoin
First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held in segregated accounts at regulated…
Societe Generale’s Euro-pegged stablecoin launches on Ethereum
Key takeaways Society General has launched its Euro-pegged stablecoin on the Ethereum network. The stablecoin, EURCV, is available to investors onboarded by Societe Generale. The stablecoin is designed to bridge…