Massive global threats and cryptocurrency are not a bother for the United States Dollar, remaining strong as a globally recognized currency, especially in the upcoming future. It was widely known before that cryptocurrency is one of the top threats of replacing the US tender, with the digital, blockchain-based coins perceived to be the future’s currency, … Read more
Massive global threats and cryptocurrency are not a bother for the United States Dollar, remaining strong as a globally recognized currency, especially in the upcoming future. It was widely known before that cryptocurrency is one of the top threats of replacing the US tender, with the digital, blockchain-based coins perceived to be the future’s currency, … Read more
In a world where financial landscapes are undergoing rapid transformation, the rise of stablecoins presents a significant turning point. For Indian Small and Medium-sized Enterprises (SMEs), often grappling with complex monetary hurdles in accessing the US dollar and optimising payment channels, stablecoin payment is a game-changer in improving the efficiency and lowering the cost of … Read more
In the 16th century, early explorers first named the land of the modern-day Argentine Republic for its abundance of silver, which, at the time, made the South American country a prized possession for the then-expanding Spanish empire. Centuries later, Argentina’s focus has shifted towards a more advanced and less orthodox way to amass wealth: stablecoins. … Read more
“Modern money is backed by a series of institutions, mostly housed in central banks. Its value rests on confidence. The value of money requires not just the belief of the public at a point in time but, critically, the consent of the public at all times … When it comes to money, the consent and … Read more
Indian-born British business executive Akshay Naheta has launched a new company in Abu Dhabi focusing on stablecoin technology, Bloomberg news agency reported. The former SoftBank Group Corp has set up DTR within the emirate’s international financial free zone. The business news agency said that Naheta will partner on the project with Hong Kong-based DRAM Trust, … Read more
Imagine a world where a party could buy or sell currencies at the market rate, and get their hands on the cash in close to real time without having wait for the trade to settle two days later. Settlement and counterparty risk would be close to zero and funding costs would be slashed. Fewer intermediaries … Read more
Stablecoins have emerged as a bridge between traditional finance and the decentralized world of cryptocurrencies. Among the latest entrants in this space is PYUSD, a product of the global online payments giant PayPal. Launched on 7 August 2023, PYUSD is the result of a strategic collaboration between PayPal and Paxos Trust Limited. This partnership signifies … Read more
PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments. PayPal USD (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based … Read more