Global #stablecoin

PayPal USD (PYUSD) has rapidly ascended in the stablecoin market, achieving the status of the sixth-largest stablecoin within a short span.

Recent on-chain data reveals a significant increase in stablecoin activity following recent market fluctuations. Tether (USDT) and Circle’s USD Coin (USDC) have both experienced substantial growth, reflecting their crucial roles in the cryptocurrency market's recovery and expansion.

Since its expansion to the Solana blockchain on May 29, PayPal USD (PYUSD) has experienced a dramatic 150% increase in its market capitalization, according to DefiLlama data. The stablecoin’s total market value has surged to $684 million, reflecting significant growth and adoption since its launch on Solana.

Ripple's approach to managing its XRP tokens has been a subject of interest and speculation within the cryptocurrency community. With 39.5 billion XRP tokens currently locked in on-ledger escrow, Ripple's strategy and market movements continue to influence XRP's price and broader market dynamics. This article explores Ripple's escrow system, recent market volatility, and ongoing developments.

In a bid to strengthen oversight of the cryptocurrency space, particularly focusing on stablecoins, the Bank for International Settlements (BIS) and the Bank of England have unveiled a new project named Pyxtrial.

A groundbreaking initiative by the Bank for International Settlements (BIS) and the Bank of England has unveiled Pyxtrial, a new system designed to deliver near real-time data on the liabilities and assets backing stablecoins.