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CATEGORY: regulatory concerns

Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 07, 2023 10:30

Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD

Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD Stablecoin to Facilitate Cryptocurrency Trading and Payments On Monday, the internet is [...]

The post Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD appeared first on Crypto Breaking News.

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FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 01, 2023 10:30

FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust

In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed FTX reorganization plan is targeting a comprehensive settlement between [...]

The post FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust appeared first on Crypto Breaking News.

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