Payment giant PayPal is rolling out a new rewards initiative that will allow US users holding its PYUSD stablecoin to earn up to 3.7% interest annually, according to an April 23 statement. The program will begin this summer and be available across both PayPal and Venmo platforms. PYUSD reward program PYUSD is a US dollar-backed […]
PayPal shakes up stablecoin market with 3.7% interest rewards on PYUSD Read More »
Blockchain-based US Treasuries are gaining serious momentum, edging closer to a new all-time high of $6 billion in value. These digital financial instruments mirror traditional government bonds but live on-chain, offering investors yield-bearing exposure with the added benefits of blockchain technology. According to real-world asset platform RWA.xyz data, tokenized treasuries on public blockchains were $4.01
BlackRock’s BUIDL drives 92% surge in tokenized US treasury market Read More »
VanEck received regulatory effectiveness for its new Onchain Economy ETF, an actively managed fund designed to give investors broad exposure to companies powering the digital asset ecosystem. Regulatory effectiveness means the SEC has approved the fund’s registration, allowing it to begin offering shares to the public. Matthew Sigel, VanEck’s head of digital assets research and
VanEck’s Onchain Economy ETF ‘NODE’ cleared for May 14 launch Read More »
Canada is poised to debut the world’s first spot Solana exchange-traded funds (ETFs) on April 16 after the Ontario Securities Commission (OSC) approved listings from four major issuers: Purpose Investments, Evolve ETFs, CI Global Asset Management, and 3iQ. Bloomberg senior ETF analyst Eric Balchunas shared the development in a social media post on April 14,
Canadian watchdog greenlights spot Solana ETFs with staking rewards Read More »
Standard Chartered, OKX, and Franklin Templeton launched a pilot trading platform designed to enable institutional clients to use crypto and tokenized money market funds as collateral in off-exchange transactions, according to an April 10 release. Franklin Templeton’s Digital Assets division will contribute tokenized on-chain assets, which OKX clients will be able to integrate into trading
Standard Chartered has initiated coverage of XRP with a sharply bullish outlook, predicting the digital asset could climb to $12.50 before the end of President Donald Trump’s current term. The bank said XRP’s expanding use cases, favorable legal trajectory, and resilience amid macroeconomic volatility position it as one of the few digital assets likely to
StanChart initiates coverage of XRP, projects $12.5 price by end of Trump’s term Read More »
The Bank of Canada published a staff discussion paper on March 21, analyzing flash loans and their relevance for policymakers, as well as potential risks. The study introduced flash loans as blockchain-native financial tools that enable users to borrow crypto without posting collateral, provided the loan is repaid within a single atomic transaction. What is
Bank of Canada assesses flash loans relevance in latest study Read More »
PayPal announced plans to allow US users to buy, sell, and transfer Solana (SOL) and Chainlink (LINK) through its core platform and Venmo, marking the latest expansion in the payments giant’s crypto offerings. The rollout, set to take place in the coming weeks, will increase PayPal’s supported digital assets to seven and respond to growing
Paypal expands crypto offerings with Solana, Chainlink integration Read More »
Coinbase Derivatives has taken a major step toward expanding its crypto offerings by filing with the US Commodity Futures Trading Commission (CFTC) to launch an XRP futures contract. If the CFTC gives the green light, trading could begin as early as April 21, 2025. According to Coinbase Institutional, the proposal would allow the company to
XRP outperforms market as Coinbase seeks CFTC approval for futures trading Read More »
Brazil’s largest bank, Itaú Unibanco, is considering launching its own stablecoin, making it the latest major traditional financial institution to announce similar plans. The bank’s decision will depend on how Brazil’s regulatory framework evolves and how similar initiatives by major international institutions perform, local media reported. Global trend The move comes amid a wave of
