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PYPL Jan 2025 60.000 call
- CoinDesk
UK Regulator Saw 'Poor' Engagement From Some Overseas Crypto Firms on Upcoming Ad Rules
With the rules set to take effect Oct. 8, officials at the Financial Conduct Authority have a plan to tackle non-compliant firms, CoinDesk was told.
- CoinDesk
Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions
Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.
- CoinDesk
What's Wrong With PayPal's Stablecoin?
Enter PayPal announcing the launch of PYUSD, a proprietary stablecoin backed by the U.S. dollar in early August. On a line-by-line basis in the smart contract’s code, PYUSD presents a litany of problems and vulnerabilities that clash directly with crypto’s decentralized framework. Without addressing these issues now, PayPal opens up Pandora’s box for other institutions to feel as though the rules of crypto don’t apply to them, giving them a license to remake the industry in their image and bulldoze over a well-established community.
