Stablecoin
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PayPal Restructures Into Three Divisions, Creates Dedicated Crypto Unit
PayPal has reorganized its business into three divisions, with a dedicated unit for crypto services and its PYUSD stablecoin. The restructuring also brought significant leadership changes.
Arbitrum Security Council Member Demands USDC Boycott Over Circle's Inaction on Hackers
Griff Green from Arbitrum's Security Council accused Circle of ignoring hacker exploits and urged users to sell USDC to pressure the company into action.
Crypto Calendar for May 2026: Bitcoin Pizza Day, Western Union Stablecoin, and CME's 24/7 Trading
May 2026 brings a packed crypto calendar, including Bitcoin Pizza Day on May 22, Western Union's USDPT stablecoin launch on Solana, and CME's move to around-the-clock crypto derivatives trading.
Justin Sun Plans Visit to Kyrgyzstan to Discuss Blockchain Cooperation
TRON founder Justin Sun is expected to visit Kyrgyzstan on April 18 for talks with government officials on blockchain infrastructure development and stablecoin scalability.
Drift Protocol Hack Victims File Class Action Lawsuit Against Circle Over $230M in USDC
Over 100 victims of the Drift Protocol exploit have filed a class action lawsuit against Circle in Massachusetts court, accusing the USDC issuer of negligence and enabling hackers.
Polymarket Announces Own Stablecoin and Major Exchange Upgrade
Prediction market platform Polymarket is rolling out its biggest infrastructure update ever, including a rebuilt trading engine, upgraded smart contracts, and a new collateral token called Polymarket USD to replace USDC.e.
ZachXBT Accuses Circle of Delays in Freezing $420M in Illicit USDC Funds
Blockchain investigator ZachXBT published a detailed report documenting 15 cases since 2022 where Circle failed to promptly freeze illicit USDC funds totaling over $420 million.
Resolv Hacked for $25M as USR Stablecoin Crashes to $0.44
An attacker exploited a vulnerability in the Resolv protocol, minting 50 million unbacked USR tokens and causing the stablecoin to lose its dollar peg, resulting in approximately $25 million in losses.
Exodus Wallet Reports $11.4M Net Loss in 2025 Despite Record Revenue
Non-custodial crypto wallet Exodus posted an $11.4 million net loss for 2025, a stark reversal from $113 million in profit the prior year. Record revenue of $121.6 million was offset by digital asset impairments and surging operational costs.
Ethena Capital Plunges 60% in a Month, Signaling Historic Low in Long Demand
Capital deployed by Ethena in market-neutral strategies collapsed from $2 billion to $800 million, pointing to historically weak demand for leveraged long positions.
Bank of Japan Launches Blockchain Sandbox for Domestic Settlement Testing
The Bank of Japan has initiated blockchain experiments within a dedicated sandbox environment to test distributed ledger compatibility with its BOJ-NET financial infrastructure.
Meta Plans Stablecoin Launch with Stripe Partnership in 2026
Tech giant Meta is preparing to enter the stablecoin market by end of 2026, partnering with external payment providers to navigate regulatory challenges.
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