PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.
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Stablecoin
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.
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The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The approval does not absolve Rpay of its compliance duties, but does eliminate the growing compliance risk, the company said.
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.