Tag: Stablecoin

Mesh, a leading provider of embedded finance solutions, has recently announced a strategic investment from PayPal Ventures.

PayTech giant PayPal has launched its own US dollar denominated stablecoin, designed for digital payments, PayPal USD (PYUSD). 

DeFi startup Ethena has successfully raised $6 million in a seed funding round, as it aims to revolutionize bond trading on the blockchain.

Crypto payments company BoomFi has managed to pull in $3.8m in new seed funding to streamline payments involving crypto. 

Gyroscope, which stylises itself as the ‘All Weather Stablecoin’ has raised $4.5m in its seed funding round, which was co-led by Placeholder VC and Galaxy.

Thalex, which offers stablecoin-settled crypto options and future, has closed its Series A on €7.5m.

Isle of Man-based FinTech company blackfridge has secured its pre-Series A as it launches the first British-regulated stablecoin.

Circle Internet Financial, the issuer of the USD Coin dollar-pegged stablecoin, is set to introduce a new stablecoin backed by the single European currency.

The Australia and New Zealand Banking Group will launch the first bank-issued stablecoin payment from Australia through a public permissionless blockchain transaction.

A recent report has called on the US Congress to regulate the issuers of stablecoins and has urged agencies to assess whether the coins pose a systemic risk.