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PayPal halts stablecoin operations amid crypto regulatory probe
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February 11, 2023February 11, 2023Main, Technology

PayPal halts stablecoin operations amid crypto regulatory probe

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PayPal Holdings Inc is suspending work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner on the project is facing an investigation by the New York State Department of Financial Services, Bloomberg News reported on Friday. PayPal expected to launch the stablecoin, which will support one for one dollar, in the...

TerraUSD backer rewards more users amid bitcoin crash
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May 16, 2022May 16, 2022Main, Technology

TerraUSD backer rewards more users amid bitcoin crash

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HONG KONG: A partner of the company behind the stablecoin TerraUSD said on Monday that it spent most of its reserves trying to protect its dollar token last week, and will use the rest to try to compensate some of the lost users. The fall of the symbol last week led to a fall in...