stablecoin - FinTecBuzz

PayPal, Coinbase Partner to Boost Stablecoin Innovation

April 25, 20254 min

PayPal Holdings, Inc. (NASDAQ: PYPL) and Coinbase Global, Inc. (NASDAQ: COIN) today announced an expansion of their partnership to increase the adoption, distribution, and utilization of the PayPal USD (PYUSD) stablecoin. This collaboration will provide value for consumers, enterprises, and institutions as they continue to utilize digital currencies across platforms and borders with the stability of regulated USD-denominated crypto-native assets. “For years, we’ve worked with Coinbase to enable a best-in-class integration to provide a simple, familiar way for PayPal users to fund crypto purchases on Coinbase....

by BusinessWire

Banking

Aegis Raises $2M in Pre-Seed Round

February 28, 20255 min

Investors including Dewhales, Profluent Ventures back Aegis as it develops the first fully transparent yield-generating stablecoin

by PRNewswire

Crypto Currencies

StablR Strengthens Network With Investment From Tether

December 18, 20246 min

StablR, the European stablecoin provider, has received investment from market leader Tether to accelerate stablecoin adoption in Europe. StablR offers solutions tailored for institutions and merchants seeking liquidity, compliance, and easy-to-use applications. The investment will expedite stablecoin adoption in the European market, executing on StablR’s vision of superior flexibility and liquidity – advantages that surpass the value proposition of other industry assets. The European stablecoin market, with a market cap of almost $400M for EUR-pegged...

by PRNewswire

Blockchain

GMO-Z.com Trust Company Partners with Komainu

March 9, 20234 min

GMO-Z.com Trust Company, Inc. (“GMO Trust”) has partnered with Komainu, a regulated digital asset custody service provider built by institutions for institutions, to offer secure and compliant institutional-grade custody services for GYEN and ZUSD, the regulated Japanese yen (“JPY”) stablecoin and the U.S. Dollar (“USD”) stablecoin. GYEN and ZUSD are the regulated JPY stablecoin and USD stablecoin approved by the New York State Department of Financial Services (NYDFS) and are 1:1 backed stablecoins with assets held at FDIC-insured banks. As a regulated, institutional-grade digital...

by FTB News Desk

Crypto Currencies

Equilibrium Sets New Standard for Stablecoin Industry With Groundbreaking Stability Fund

December 16, 20197 min

Equilibrium, a multi-chain framework for building asset-backed stablecoins and decentralized finance (DeFi) products, has used its own capital to establish the cryptocurrency industry’s first Stability Fund. Worth 6.5 million EOS (approximately $17.5 million), the fund aims to provide users with an insurance buffer to protect against market volatility. The Stability Fund’s 6.5 million EOS coins are locked in separate, discrete smart contracts that are activated in the event of volatile market swings that may otherwise...

by FTB News Desk

Crypto Currencies

Anchor Stablecoin is Now Live and Available for Trading on Liquid Exchange

August 26, 20198 min

Anchor’s token listing on Liquid marks the first time crypto traders, investors, and enthusiasts can purchase, trade, and sell the first algorithmic stablecoin pegged to the global economy.

by PRNewswire

Crypto Currencies

Stable Universal Partners With Paxos And Huobi To Launch New Stablecoin: HUSD

July 20, 20196 min

New US Dollar-Backed Token to be Listed on Huobi Global in July

by PRNewswire

Crypto Currencies

Introducing HUSD Token, Huobi’s First True Stablecoin

July 18, 20197 min

Huobi – along with partners Stable Universal and Paxos Trust Company – are pleased to announce a better option for stablecoin users. On Monday, July 22, Stable Universal will launch HUSD Token, the first regulated stablecoin fully listed and integrated with Huobi Global – and an alternative to Tether (USDT). To ensure full backing of every HUSD token and regulatory oversight, every dollar backing HUSD Token will be held in reserve by the Paxos Trust Company,...