Paxos’ accidental minting of $300 trillion PYUSD on Wednesday, while undoubtedly concerning, serves as a case study as to why blockchain could shine in traditional banking. On Wednesday, Paxos mistakenly minted $300 trillion worth of the PayPal USD (PYUSD) stablecoin, describing it as an “internal technical error.” What’s important, however, is that the blockchain allowed
YZi Labs has led a $50 investment million in Better Payment Network, supporting its plan to build a programmable global payment layer centered on stablecoins. Summary YZi Labs led a $50M funding round in BPN to expand stablecoin payment infrastructure on BNB Chain. BPN enables multi-stablecoin minting, swapping, and settlement via CeDeFi rails. Funds will
Pierre Gramegna, the managing director of the European Stability Mechanism, warned in Washington on Wednesday that stablecoins could endanger global financial stability if they are not properly guaranteed or regulated. Gramegna’s comments came during the International Monetary Fund’s annual meetings, where he said that if stablecoins ever became mainstream without being tied to central bank
US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. “Well, we’re in one now,” Trump said after being asked by White House reporters whether the US is preparing for a “sustained trade war with China.” ”If we
US President Donald Trump’s new statements regarding the ongoing trade war with China have created selling pressure in the cryptocurrency market as well as in global markets. Trump stated that tariffs are “the primary defense tool of national security,” adding, “If we don’t have tariffs, we don’t have national security.” Trump also said the US
The Bank of England won’t lift its proposed stablecoin holding limits until it’s confident a flood of bank deposits into digital assets won’t threaten lending to the real economy, Reuters reported. Summary The Bank of England will maintain proposed stablecoin holding limits until it deems risks to financial stability have subsided. The plan sets strict
Eric Trump, son of U.S. President Donald Trump and a co-founder of decentralized finance protocol WLFI$0.1446, said he is actively working on a real estate tokenization project tied to a building currently under development. Teasing the plan in an interview with CoinDesk TV coming next week, he said the effort may offer fractional ownership to
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto firms fuel growth through the ‘infinite money glitch,’ raising capital to buy Bitcoin and boost value. Summary Crypto firms use the “infinite money glitch” to raise capital to buy Bitcoin and altcoins, boosting
Polymarket is now allowing users to gamble on the outcome of TradFi stocks. Traders can place bets on whether or not a company of their choosing will increase or decrease in value on a given day. As federal regulators increasingly signal that they’re prepared to offer “innovation exemptions” to firms like Polymarket, categories like this