Bankrupt crypto lender Celsius Network has reportedly sued its former business partner, crypto custodian Prime Trust, demanding the return of $17 million in crypto that the former says the latter still holds. Get the Full Story Complete the form to unlock this article and enjoy...
Cryptocurrency trading platform Binance will begin offering a month of zero-fee trading for the ETH/BUSD spot trading pair, the company announced Tuesday (Aug. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Payments giant PayPal joined the Coinbase compliance initiative called the Travel Rule Universal Solution Technology (TRUST), launched in February as an industry-driven solution to comply with the requirement, while at the same time protecting the security and privacy of digital assets customers. Get the Full...
One way to get a merchant’s ears to perk up when the idea of accepting crypto payments comes up is to mention one big benefit: no chargebacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
When top stablecoin issuer Tether announced on Thursday (Aug. 18) that it had hired one of the world’s largest auditing firms to provide monthly reports of the reserves backing the dollar-peg of USDT, it was a big step forward in putting a rest to questions...
Lawmakers and regulators say we can expect a set of guide rails for the stablecoin business by year’s end. Here’s a look at the issues and the major pieces of legislation driving the discussion. Get the Full Story Complete the form to unlock this article...
The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the financial services industry around the world, debuted a distributed ledger technology (DLT) with its new Project Ion platform, a company news release said Monday (Aug. 22). Get the Full Story Complete the...
Fed Governor Michelle Bowman suggested that she believes the FedNow real-time payments system will make a digital dollar unnecessary. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Tether and Circle, among other stablecoin issuers, are currently holding $80 billion worth of short-term U.S. government debt, which shows how digital asset players are holding bigger roles in the traditional finance markets. Get the Full Story Complete the form to unlock this article and...
