💲PayPal Launches USD Stablecoin
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Payments giant PayPal is further opening its doors to the future of finance with the launch of its dollar-pegged stablecoin. Meanwhile, the DeFi community is cheering the successful recovery of stolen assets from last week's Curve exploit.
In DeFi news, Spark Protocol now offers a 8% yield on MakerDAO's DAI stablecoin, highlighting the ever-evolving battle for dominance in the stablecoin sector. OlympusDAO's introduction of Cooler Loans could mean the end of the road for the project.
Finally, a police raid on a Worldcoin warehouse in Kenya underscores the international regulatory challenges and privacy concerns faced by the controversial project.
✍️ In today’s newsletter:
- PayPal dives into stablecoin sector with PYUSD
- Alchemix recovers millions stolen in Curve hack
- MakerDAO boosts DAI savings rate to 8%
- OlympusDAO approves quasi-redemption feature
- Kenyan authorities raid Worldcoin warehouse
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