Interactive Brokers considers launching new stablecoin for customers
In an interview with Reuters, Interactive Brokers' (IBKR) billionaire founder Thomas Peterffy said the company is working on potentially issuing stablecoins, but has yet to make a final decision on how that will be offered to customers. The company, which has a market value of over $110 billion, already has partnerships with Paxos and Zero Hash through which it offers trading in various cryptocurrencies to customers. Read more →
PayPal Rolls Out ‘Pay With Crypto’ Feature for Merchants
PayPal will soon allow merchants to accept more than 100 cryptocurrencies from during checkout. When a consumer pays with crypto, the funds will automatically convert into fiat or PayPal’s PYUSD stablecoin. PayPal will charge merchants a promotional fee of 0.99% (1.5% after 1 year) and those that choose to convert their funds to PYUSD can earn ~4% on the balance. Read more →
JPMorgan Drops Gemini
Last week, Tyler Winklevoss disclosed that JPMorgan has ended its plans to reintegrate with Gemini. The fallout appears to be tied to a conflict around financial data rights. Winklevoss took it X, publicly criticizing JPMorgan and other banks for attempting to impose fees on fintechs that connect to user bank accounts through tools like Plaid. And he makes a strong argument — we have a right to access our own banking data. Big banks locking up access to personal financial data remains a huge headwind for the future of open systems. Read more →
I Went to Chinese Billionaire Justin Sun’s Tron Office in Florida—Here’s What I Found Link»
Was the largest BTC sale in history linked to a 2011 exchange hack? Link»
>5% of all ETH ever made ($23.42B) have been permanently destroyed Link»
US spot Ethereum ETFs log second-biggest week with $1.85 billion in net inflows Link»
