stablecoin - FinTecBuzz

BitPay adds Support for PayPal USD (PYUSD) Stablecoin

PRNewswireSeptember 14, 20233 min

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced it has rolled out PayPal USD (PYUSD) payments for merchants and consumers. Xsolla will be one of the first merchants to accept PYUSD, enabling their customers to buy any merchandise online using the PayPal stablecoin. PYUSD is designed to be a cryptocurrency for payments and is issued by Paxos Trust Company. The stablecoin is fully backed by U.S. dollar deposits, short-term U.S. treasuries and similar cash equivalents, and can be redeemed...

Payments

Stablecoin Studio now available on the Hedera network

PRNewswireSeptember 14, 202310 min

Web3 stablecoin platforms, institutional issuers, enterprises, and payment providers can build stablecoin applications using Hedera network services without specialized blockchain expertise

Crypto Currencies

BitPay adds Support for PayPal USD (PYUSD) Stablecoin

PRNewswireSeptember 14, 20233 min

Xsolla will be one of the first merchants to accept the new PYUSD payment option

Crypto Currencies

PayPal launched U.S. Dollar Stablecoin

PRNewswireAugust 8, 20237 min

PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars Fully-backed, regulated stablecoins have the potential to transform payments in web3 and digitally native environments. To address that emerging potential, PayPal announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S....

Investments

Lysin Finance Ready to Launch Its Stablecoin and Token Pre-Sale

GlobeNewswireApril 17, 20235 min

Lysin Finance is excited to announce the launch of Erinzi (ENZ) and Lirum (LIR) designed to add value to the cryptocurrency community.

Crypto Currencies

Stabolut Launches New Bitcoin-backed, Decentralized Stablecoin, USB

BusinessWireApril 14, 20236 min

Introducing a dollar-pegged, Bitcoin-backed stablecoin, built without dependencies on banks

Payments

UDPN is launched to support digital payments for CDBC & stablecoins

PRNewswireJanuary 30, 20235 min

Launched at Davos during the World Economic Forum week, the Universal Digital Payments Network (UDPN) is a DLT-underpinned messaging backbone focused on providing interoperability between the fast-growing number of different regulated stablecoins and CBDCs, and seamless connectivity between any business IT system and regulated digital currencies. At the Davos launch event, representatives from leading global financial institutions Deutsche Bank, HSBC, Standard Chartered, The Bank of East Asia, and Akbank discussed the rapidly evolving world of digital currency, the importance of...

Blockchain

EMURGO Introduces First USD-Backed Stablecoin

BusinessWireNovember 21, 20226 min

The stablecoin is the first offering in its ‘Anzens’ suite of products designed to connect traditional financial services to crypto

Payments

Stably to Support Stablecoins Minted on the XRP Ledger

PRNewswireSeptember 2, 20224 min

Stably, the Seattle-based Web3 payment infrastructure provider, announced today that the Stably USD (USDS) stablecoin will be issued on the XRP Ledger (XRPL), the ten-year old blockchain best suited to enable settlement and liquidity of tokenized assets at scale. Ripple, the leader in enterprise blockchain and crypto solutions, will provide Stably with the technical support necessary to integrate USDS with XRP Ledger. USDS is a multichain, fiat-backed stablecoin created by Stably who works with US-regulated trust...

Blockchain

Stabila emerges as the leading blockchain for bank-grade stablecoins

GlobeNewswireAugust 31, 20225 min

Stabila is a POS blockchain focused on bank-grade stablecoins and bank-grade digital assets. In the latest development, Stabila made it possible for counterparties to exchange digital crypto assets instead of relying on fiat currencies. For example, USD, EUR, GBP, JPY, CNY, and CHF payments are made without the hassle and settled in less than 50 seconds via blockchain. Blockchain Banking and DAM The distributed nature of its blockchain means transparency and immutability. Stabila estimates that its...

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