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Congress talks stablecoins as Ardoino fears for Tether’s life
Tether CEO Paolo Ardoino fears that his firm could soon lose its dominance in the stablecoins market as Congress considers...
Telegram Wallet disabled in UK; PayPal targets businesses
The in-app Telegram Wallet says it disabled the services to seek regulatory clearance from the FCA, despite having been operational...
Israel announces first batch of digital shekel challenge participants
Israel’s central bank announced the digital shekel challenge in May, and it has now picked COTI, Fireblocks, PayPal and 11...
PayPal Digital secures NYDFS trust charter
As a cautious approach, U.S. authorities mandate PayPal to prove USD deposits or similar cash equivalents back its PYUSD despite...
PayPal removes user protection for NFT transactions
PayPal has withdrawn its protection for NFTs exceeding $10,000; those under $10,000 will be covered unless the buyer claims it’s...
Stablecoins gaining traction in cross-border payments: Report
The Bernstein report notes that payment giants like Visa and PayPal and regional fintech firms are increasingly using stablecoins to...
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