Coinbase Introduces Free Conversion for PayPal’s PYUSD as Stablecoin Competition Intensifies

Crypto exchange Coinbase (COIN) said it will introduce free conversions between PayPal’s dollar-pegged stablecoin, PYUSD, and the U.S. currency in a move aimed at accelerating the shift toward on-chain payments. The move, open to both retail and institutional customers, is part of a partnership aimed at promoting PYUSD as a payment currency. Coinbase also plans…

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SoftBank Is Buying Bitcoin Again, After $130M Loss in 2018. Is This Time Different?

Japanese investment giant SoftBank is dipping its toes back into crypto by backing a new bitcoin (BTC) investment vehicle, Twenty One Capital, in conjunction with Tether, Bitfinex, and Cantor Fitzgerald. For some, the SoftBank Group—which has $308.7 billion assets under management—taking an interest in bitcoin is a welcome development and another sign of mounting institutional…

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El Salvador’s Top Crypto Regulator Meets With U.S. SEC: ‘It Was Very Refreshing’

El Salvador’s Comisión Nacional de Activos Digitales (CNAD), the agency in charge of regulating digital assets in the Central American nation, is seeking to establish a cross-border regulatory sandbox with the U.S. Securities and Exchange Commission (SEC). “We want to create international collaboration,” Juan Carlos Reyes, president of the CNAD, told CoinDesk in an interview….

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