PayPal Expands PYUSD Stablecoin Across Tron, Avalanche, and More Networks
PayPal is significantly widening the reach of its PayPal USD stablecoin (PYUSD), rolling it out to eight additional blockchains. Seven of these come through a collaboration with LayerZero’s Stargate Hydra bridge. As part of the expansion, a permissionless version called PYUSD0 will be launched. According to LayerZero, PYUSD0 will remain fully interchangeable with PYUSD and […]
XRP and Dogecoin ETFs Break Records With $54.7M in Opening-Day Trades
Two newly launched spot exchange-traded funds (ETFs) tied to XRP and Dogecoin made an explosive entrance into U.S. markets on Thursday, racking up a combined $54.7 million in trading activity within their first day. The REX-Osprey XRP ETF (XRPR), listed on the Cboe exchange, dominated the debut with $37.7 million in volume, according to Bloomberg’s […]
Michigan Advances Strategic Crypto Reserve Legislation
Michigan is moving forward with its proposal to create a state-level cryptocurrency reserve. On Thursday, House Bill 4087 progressed to a second reading and was directed to the Committee on Government Operations. The measure, which updates the Michigan Management and Budget Act, outlines how the state could establish a “strategic crypto reserve.” While the text […]