While Bitcoin remains a key focus, altcoins are carving out their own space in the recovery, signalling a more diverse market ahead.
PayPal partners with Xoom to expand the use of its stablecoin, $PYUSD, for cross-border payments, targeting emerging markets in Asia and Africa for faster transactions.
BFUSD is not designed like a traditional stablecoin. Instead, Binance describes it as a “reward-bearing margin asset” for futures trading.
Goldman Sachs’ growing investments in cryptocurrency are surprising given the bank’s past stance. In 2020, Goldman Sachs dismissed Bitcoin, claiming it was “not an asset class” and “not suitable for investment.”
FTX claims that Binance, along with its former CEO Changpeng Zhao (known as “CZ”), acted fraudulently and hurt FTX’s financial stability.
According to the blog post, “Mekong is meant to be a playground for wallet developers to experiment with UX changes and for stakers to gain confidence in the upcoming changes”.
“The attacker sold these stolen EIGEN tokens via a decentralised swap platform and transferred stablecoins to centralised exchanges”, stated Eigen Labs in a press release.
The new name is designed to represent a broader vision beyond just cryptocurrency, focusing instead on global identity solutions.
EIP-7781 was put forward by Ben Adams, who is a co-founder of Illyriad Games, on 5 October.
One of the major reasons for Tron’s success is its position in the stablecoin market. Tron is currently the second-largest blockchain for stablecoins, holding a 34.8% share of the global market.
