Stablecoins are paving the way for mass adoption of crypto, June 2–8 -Breaking
Stablecoins have been controversial in crypto. The validity of stablecoins is being questioned Legitimacy and support (USDTMany people who enter the cryptocurrency market for the first-time have a right to remit their funds. It was clear that the collapse of (LUNC) or old LUNA ecosystem caused a lot of confusion. algorithmic stablecoins don’t have a future beyond Do Kwon’s fantasies. The pesky regulators keep popping up everywhere. Prodding and pokingDollar-pegged assets can be used to set more stringent rules for their use.
But, if you look beyond all the fear, uncertainty and doubt, stablecoins are providing liquidity to millions of people who don’t have access to dollars because of capital controls or sanctions, or because hyperinflation is destroying their local currency. This week’s Crypto Biz newsletter looks at the role of stablecoins in fueling e-commerce. To find out if any major payment platform has its stable asset, we also poke around.
Checkout.com launches 24/7 stablecoin settlement in partnership with Fireblocks
Crypto.com’s Cronos launches $100M accelerator for DeFi and Web3
CEO says that FTX does not intend to freeze its hiring during layoffs at any other crypto-firms.
PayPal (NASDAQ) allows you to transfer digital currencies into external wallets
Don’t forget to pack your bags! The ETH Killers can the Merge be saved by the Merge?