PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.
August 9, 2023Users of 'Spring Development Bank' will be able to deposit foreign currency and receive USDT, which can also be exchanged for MMK.
July 23, 2023Police said the scheme involved a "maze-like criminal network" that used virtual assets to launder money overseas.
July 22, 2023Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.
May 16, 2023Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.
February 24, 2023Mazars and Armanino have stopped serving clients in the crypto sector. BDO is reconsidering its approach to the sector.
December 21, 2022The gang is estimated to have laundered up to CNY 12 billion for both domestic and foreign criminal groups using cryptocurrency.
December 13, 2022The report finds that failures of stablecoins or other crypto assets pose material impacts on the traditional financial system such as the money market.
November 29, 2022"Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market," the company said.
October 15, 2022The framework covers all crypto-asset activity, as well as associated issuers and service providers, that have the potential to pose financial stability risks.
October 12, 2022