Tag: stablecoin

PayPal’s stablecoin is first dollar-backed digital currency from a major U.S. financial institution

The PayPal application can be seen on a mobile phone.Felix Kästle | picture alliance | Getty ImagesPayPal on Monday launched a U.S. dollar-backed stablecoin...

Some investors got rich before a popular stablecoin imploded, erasing $60 billion in value

WASHINGTON — In May, the collapse of one of the most popular U.S. dollar-pegged stablecoin projects cost investors tens of billions of dollars as...

Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion in updated SPAC deal

Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion following a new deal with blank-check company Concord Acquisition Corp.The...

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