Aave V2 Community to Evaluate Small-Cap Stablecoins
A new proposal to remove stablecoins like USDP and GUSD from Aave V2 is scheduled for voting by the Aave community. The Aave community is preparing to vote on a ChaosLabs proposal for deprecating several small-cap stablecoins on Aave V2, including Paxos USD (USDP) and Gemini Dollar (GUSD). ChaosLabs states in the proposal description that […]
BRICS Weighs in on Using Stablecoins in Settlements
According to a Russian official, BRICS countries are looking into stablecoin payments and a platform for conducting CBDC payments to improve financial cooperation. As the BRICS alliance has already established a unique communication route between central banks, stablecoins may serve as a vehicle for international settlements amongst its members. Ryabkov said that the BRICS countries […]
Tether Announces New Divisions Asides Stablecoins
Tether, the operator of the largest stablecoin by market value, is reorganizing to establish new divisions outside stablecoin development. According to an official announcement on April 18, the stablecoin behemoth has introduced four new business divisions into its framework: Tether Data, Tether Finance, Tether Power, and Tether Edu. Tether intends to expand its mission by […]
Xoom Users Can Make Transfers With PayPal Stablecoins
Users in the United States can send money abroad using PayPal’s stablecoin, PYUSD, thanks to the company’s international payment service, Xoom. With the new feature, remittances to about 160 countries can be made without incurring fees from Xoom, as it enables conversions from PYUSD to US dollars. Users can send money straight to foreign bank […]
South Africa to Explore Stablecoins, Blockchain for Digital Payments
South Africa’s 2024 budget review shows the treasury’s strategy to encourage the use of digital payments by analyzing stablecoins and blockchain. In its 2024 budget review, the nation emphasized implementing structural reforms and enhancing public financial management. The National Treasury, in the course of describing its strategy to promote digital payments, also disclosed an imminent […]