Europe witnessed the launch of its first live CBDC

Europe recently witnessed the launch of its first live CBDC (Central Bank Digital Currency) project launched by the Central Bank of Hungary (Magyar Nemzeti Bank) in was born, with Perfinal at the center as the FinTech pillar of this monumental transformation. This remarkable initiative places Perfinal at the forefront of a digital currency revolution as the financial world confronts the marriage of traditional mechanisms with new-age digital innovations. Leading Perfinal’s involvement in this project is...

PayPal launched U.S. Dollar Stablecoin

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....

S&P DJI Launches S&P Cryptocurrency Broad Digital Market Index

New index measures the performance of more than 240 cryptocurrency coins S&P Dow Jones Indices (S&P DJI), the world’s leading index provider, announced today the launch of its latest cryptocurrency indices including the new S&P Cryptocurrency Broad Digital Market (BDM) Index. The BDM provides a wide performance snapshot of the cryptocurrency market and includes more than 240 coins at launch. The index is part of an expansion of S&P DJI’s recently launched series of digital asset benchmarks,...

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