Stablecoin

PayPal introduces its own stablecoin for transfers and payments.

The Bahamas Securities Commission has decided to introduce stricter rules for crypto businesses and tighten oversight of citizens' digital assets.

The governments of Brazil and Argentina will discuss the introduction of a common currency between the two countries.

The Bank of Spain has announced that it has begun testing the EURO backed stablecoin, called EURM. The new digital euro is based on the Ethereum and Polygon blockchain network.

The founder of Arsenal NFT (ANFT) is on a mission to develop crypto’s first DeFi/NFT Centric ecosystem. Scott ‘Kap’ Kapun is passionate about spreading the wealth and his forthcoming ecosystem, which is paid out in USDC.e to all ANFT token holders, is set to do just that.

The market saw massive gains throughout the month of August. However, not all cryptocurrencies traded positively.

On August 19, LUNA recorded its all-time high of about $33.4 with a 7-day gain of 72%. But why did the price of this 14th cryptocurrency by market cap skyrocket?

The trading volume of USD Coin (USDC) has increased dramatically following the announcement by Visa of accepting the cryptocurrency for payments. Visa Inc. will become the first payments giant to allow its over 60 million merchants to settle transactions in USDC, a 12th cryptoasset by market cap and a stablecoin that is backed by US dollar (USD) created on the Ethereum blockchain.

Decentralized finance (defi) burst onto the scene in 2020, as investors rallied behind the enormous potential of peer-to-peer financial services.