Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Why Binance’s reported $2B Mesh investment could decide who controls stablecoin payments
Binance's reported move to lead a new Mesh funding round puts a strategic price on the payment routes stablecoins need to leave ex...
Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide
Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stableco...
Coinbase backs new stablecoin venture, renegotiates deal with Circle
Coinbase's move into Open USD signals a shift towards diversified revenue streams, pressuring Circle to adapt its economic model f...
Coinbase Showcases Progress Toward All-in-One Financial Platform
A wide-ranging product recap showed how Coinbase has advanced its “every asset, every market, one platform” strategy across tradin...
Crypto wanted to replace Wall Street – Instead, Wall Street took over crypto
Crypto was founded on a simple premise: people should be able to send, hold, and manage money without going through a bank. Fiftee...
Visa Launches Stablecoin Pilot With M-Pesa in DRC to Test Cross-Border Transfers
Visa, M-Pesa and Onafriq have launched a pilot program in the Democratic Republic of Congo using U.S. dollar-pegged stablecoins to...