just now

Liquidity Finder Ltd is incorporated in England and Wales, company number 10610740, registered address 167-169 Great Portland Street, Fifth Floor, London W1W 5PF, United Kingdom.
Published: just now

August 07, 2023 - PayPal has announced the launch of a stablecoin called PayPal USD (PYUSD) backed 1:1 by US dollar reserves.
PayPal states PYUSD aims to expand digital currency utility for payments and web3 compatibility. The stablecoin is available now to eligible US PayPal customers.
PYUSD is fully backed by bank deposits, short-term US Treasuries, and equivalent assets according to PayPal. The reserves will be regularly attested in public reports.
"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar," said PayPal CEO Dan Schulman. ""Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD."
Most of the current volume of stablecoins is used in web3-specific environments – PayPal USD will be compatible with that ecosystem from day one and will soon be available on Venmo.
PayPal highlights PYUSD's potential for faster payments and transfers, e-commerce checkout, and connecting fiat and crypto ecosystems.
Starting today and rolling out in the coming weeks*, eligible U.S. PayPal customers who purchase PayPal USD will be able to:
PYUSD is an Ethereum-based ERC-20 token issued by regulated financial firm Paxos Trust Company. PayPal received a New York BitLicense in 2022.
*PayPal Balance account required. When a customer buys or sells cryptocurrency, including when they check out with crypto, PayPal will disclose an exchange rate and any fees a customer will be charged for that transaction. For currencies other than PayPal USD, the exchange rate includes a spread that PayPal earns on each purchase and sale. PayPal USD is not available in Hawaii.
We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.
Select the categories and companies you wish to follow directly to your person rss feed.
Create Custom RSS FeedSign up and join over 5,000 professional members who receive personalized news alerts, curated professional connections, and more for free!
Multi-asset trading broker AvaTrade has agreed to acquire the majority of FXCM Group’s business and brand, in a transaction that would bring a longstanding retail FX franchise into the AvaTrade Group.
LSEG and CMC Markets have signed a multi-year strategic data agreement expanding CMC's access to LSEG's real-time and delayed pricing, reference and corporate actions data, news and analytics, plus AI-ready content, to support new products, entry into new markets and the growth of CMC's institutional and B2B partnerships.
The Tel Aviv Stock Exchange is considering a bid for the Cyprus Stock Exchange, with Israeli media citing its EU licence, trading platform and clearing house. Euronext’s Athens exchange and India’s National Stock Exchange are also seen as contenders, and Cyprus aims to sign a sale agreement by the end of this year.
CME Group will launch baseball futures on 12 October, pending regulatory review, tracking CME FutureSports Performance Indexes built on Official League Data. Standard and micro contracts will start with the 2026 Postseason and the four clubs in the League Championship Series, trading around the clock.
ESMA has published an opinion stating that MiCA-authorised crypto-asset service providers should cease services tied to non-MiCA-compliant stablecoins for EU clients across MiCA crypto-asset services. National authorities should require remediation of existing exposures within three months, by early January 2027.
Nasdaq Ventures has made a strategic investment in Amsterdam-based derivatives and crypto exchange One Trading, with both firms to explore 24/7 trading of equity futures. The undisclosed investment follows Nasdaq's US$100 million investment in Payward, the parent of Kraken, and CME Group's move to 24/7 trading.
cTrader has opened multi-platform plugins to brokers and prop firms, which can pre-install their own tools for clients or list them in cTrader Store. The plugins run across Mobile, Web, Windows and Mac, and can be built and launched independently of core-platform releases, including trading journals and calculators.
Institutional brokerage and financial infrastructure provider Clear Street has joined TradingView’s broker network, allowing its clients to trade US stocks, exchange-traded funds and options directly through the charting and analysis platform.
Learn how to improve trading psychology, manage fear and greed, avoid revenge trading, and follow your trading strategy with discipline and a trading journal.
GTC Prime has announced a strategic partnership with Centroid Solutions to manage and distribute its liquidity through CS 360 Bridge, Centroid's multi-asset connectivity and execution engine, giving brokers and institutional clients access to tailor-made pricing, low-latency execution and real-time risk management.