Joint stablecoin initiatives are gaining traction as traditional financial giants embrace digital assets. Top banks such as Bank of America, Citi, and Goldman Sachs are currently exploring issuing a joint stablecoin. This collective effort marks a significant milestone in integrating blockchain technology with mainstream finance. The consortium includes other major banks like Deutsche Bank, UBS, […]
PayPal has announced plans for a PayPal Stellar integration to expand its stablecoin, PayPal USD (PYUSD), onto the Stellar blockchain network. This move aims to leverage Stellar’s fast and low-cost transaction capabilities, pending approval from the New York State Department of Financial Services (NYDFS). The integration could significantly enhance how PYUSD operates, making it more […]
Tether, the issuer of USDT, is blacklisting more accounts than ever, freezing funds without legal oversight. Here’s an analysis of its growing role in on-chain confiscation. The Rise of Tether’s Blacklisting Tether’s USDT stablecoin has been unfairly labelled a “pirate dollar,” appealing to criminals for its perceived freedom and stable value. In reality, Tether has […]