The PayPal USD (PYUSD) stablecoin now uses LayerZero’s Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and...
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The largest Japanese banks—MUFG, SMBC, and Mizuho—plan to use a stablecoin-based system to facilitate cross-border payments in the future. The initiative, Project Pax, replaces correspondent banks with blockchain technology,...
Canza Finance has partnered with stablecoin issuer WSPN to provide secure and efficient financial solutions to users in Africa and other emerging markets. With the integration of WUSD into...
Binance, the world’s largest cryptocurrency exchange by trading volume, announced it will soon restrict availability in the European Union to stablecoins that are considered “unregulated” by the EU. In...
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The mainstream integration of cryptocurrency is getting sluggish, Andrew Bailey, Bank of England governor, said Wednesday (Jan. 10). Speaking to U.K. Parliament’s Treasury Committee, Bailey said regulators need to...
Nikou Asgari Société Générale is set to launch its own stablecoin on a cryptocurrency exchange, becoming the first big bank to offer digital tokens tracking the price of...
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Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers....