Stable Standard - Week of September 22, 2024
stablestandard.substack.com · 468 words · saved by 1 readers
TradFi giants eye stablecoins, new transparency dashboards, Circle's fee changes impact market
If stablecoins issuers were a country, they would be the 20th largest sovereign holder of US Treasuries. Source: Stablepulse.org 1. 🏦 Traditional Finance Expands into Stablecoins The stablecoin market continues to attract traditional finance players. Bloomberg reports that Robinhood is reconsidering launching a stablecoin, indicating ongoing interest from major fintech companies. PayPal is doubling down on its crypto ecosystem. This week, they announced that merchants can now directly buy, hold, and sell cryptocurrency in their PayPal business accounts. This follows their 2023 launch of…
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