Crypto News

As PayPal plots how to grow PYUSD, it's also setting a target to grow its earnings 20% by 2027.Source link

Tokenized real-world assert (RWA) issuer Ondo Finance has joined the Mastercard network that connects financial institutions with businesses to improve cross-border payments.Ondo's Short-Term U.S. Government Treasuries Fund (OUSG) investment product will be available to businesses on Mastercard's Multi-Token Network (MTN), giving them access to yield via tokenized assets, according to an emailed announcement on Wednesday.The majority of OUSG's assets are invested in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), the largest blockchain-based money market fund, which is backed by short-term U.S. government bonds.Mastercard's MTN incorporates API-enabled blockchain tools to allow banks to streamline domestic and cross-border transactions.Traditional financial (TradFi) giants like Mastercard developing blockchain-based networks means that other financial institutions and corporates are able to access cryptocurrency and other digital...

The Avalanche Foundation, the non-profit that helps steward the development of the Avalanche blockchain, said its much-anticipated Avalanche Card, a Visa credit card that allows users to purchase items with their cryptocurrency, is live and ready to be used.The card was developed in collaboration with Rain, a blockchain-based card issuing platform. It enables users to spend their Avalanche tokens (AVAX), wrapped AVAX, and stablecoins USDT and USDC at any store that takes Visa, the foundation said in an email. It's good for in-person or online transactions.While other teams have also released credit cards tied to a user's crypto holdings, the news signals the further integration between traditional financial technologies and cryptocurrency.The Avalanche Foundation said in October that it planned to...

Fundamental investors tracking XRP have more reason to cheer as a planned set of features aims to make the XRP Ledger, the network underpinning that token, even more appealing for institutional usage.XRP prices are up 2.2% in the past 24 hours, outperforming a 1.1% decline in bitcoin following Tuesday’s market carnage.Ripple said in a Tuesday update the XRP Ledger network will build out more compliance functions and expanded lending, among other features, to let institutions meet regulatory requirements and offer new lending options.These include flexible tokens, a lending system, an EVM sidechain, and permissioned settings that take place directly on the decentralized network (without any intermediaries).The updates are in addition to features already live on the network, including clawback —...

Bitcoin exchange-traded funds (ETFs) faced a massive $1 billion outflow on Feb. 25, marking the largest single-day withdrawal since their inception. Ether ETFs also experienced a significant net outflow of $50 million. Historic Withdrawal Sees Bitcoin ETFs Lose $1 Billion in a Day With Ether ETFs Down $50 Million On Tuesday, Feb. 25, U.S. spotSource link