PayPal’s announcement, which lifted its shares 2.5% in afternoon trading, reflects a show of confidence in the troubled industry
that has over the last 12 months grappled with regulatory headwinds that were exacerbated by a string of high-profile collapses.
A string of major economies, from Britain to the European Union, have since laid out rules to govern stablecoins. The EU’s policies will come into force in June 2024. PayPal’s stablecoin, dubbed PayPal USD, is backed by U.S. dollar deposits and short-term U.S Treasuries, and will be issued by Paxos Trust Co. It will gradually be available to PayPal customers in the United States.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
PayPal launches U.S. dollar-backed stablecoin, PayPal USD (PYUSD)Digital payments provider PayPal has announced the launch of PYUSD, a U.S.-dollar-denominated stablecoin.
Lire la suite »
Celine Boutier wins Women's Scottish Open to follow up first major victory | TSNCeline Boutier won the Women's Scottish Open by two strokes on Sunday to back up her victory at the Evian Championship last week for her first major title.
Lire la suite »
Celine Boutier wins Women’s Scottish Open to follow up first major winBoutier wins second straight LPGA title
Lire la suite »
B.C. woman reunites with first love after fears he died in war 40 years agoNow husband and wife, Gabriela and Jamie couldn’t be more grateful that — against all odds — their first love turned out to be their forever love.
Lire la suite »
Tens of thousands of Canadians taking advantage of the new First Home Savings Account: RBCThe Royal Bank of Canada says it has seen a 'phenomenal early uptake' in the First Home Savings Account, a new program where prospective homebuyers can start saving and investing for a down payment tax-free.
Lire la suite »
First pill to treat postpartum depression approved by U.S. health officialsFederal health officials have approved the first pill specifically intended to treat severe depression after childbirth, a condition that affects thousands of new mothers in the U.S. each year.
Lire la suite »