Why is PayPal’s stablecoin PYUSD struggling a month after launch?
Real-world adoption of PayPal’s stablecoin PYUSD has been sluggish with just $45M in reserves reported so far.
Stablecoin market cap dips to lowest levels in nearly two years
Total stablecoin market cap has fallen for 14 consecutive months and currently sits at its lowest level since September 2021.
USDC faces SEC enforcement amid stablecoin crackdown
The move follows the SEC’s demand that crypto exchange Paxos stop minting Binance’s BUSD stablecoin because it may be a security.
BUSD is dead, long live USDT
Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.
Justin Sun’s stablecoins are melting
With no recent capital injections or incentives for short-sellers, solving problems with USDD and USDJ doesn’t seem to be a priority for Sun.
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Tether executives have brushed shoulders with crime since its inception—by Protos Staff
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Floor price of Stoner Cats NFTs up 250% after SEC action—by Protos Staff
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Soulja Boy and Austin Mahone lose to SEC, Justin Sun still to respond—by Protos Staff
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Fortress Trust says ‘no loss of funds’ as its customers’ crypto was stolen—by Protos Staff
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X keeps 99% of ad revenue from most creator payouts—by Protos Staff
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David Bailey accuses Barry Silbert of using customer funds to pump GBTC—by Protos Staff
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Joseph Bankman warned Scaramucci about FTX—by Protos Staff
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Family office Nima Capital unofficially exits from Synapse token—by Protos Staff
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Another Binance executive jumps ship amid regulatory woes—by Protos Staff
