At the height of the Cold War, the West Germany Central Bank feared the Soviets would flood their economy with counterfeit banknotes. So, they created a currency that could replace it overnight.

PYUSD has established itself as an investment instrument. But can this help the stablecoin become a mean of exchange?

Retail giant Mercado Pago launched its dollar-pegged stablecoin MELI dollar.

The evolution of stablecoins mirrors that of Wildcat Banking: a period of non-federal regulation over the monetary system in the U.S. during the 19th century.

Despite PayPal’s dominant position in the payments business, its stablecoin project, PYUSD, has stalled. Numerous integrations have not managed to attract users. The company is now subsidizing the stablecoin’s yield on DeFi platforms. Can this become a standard feature of private money?

The project’s pre-launch campaign has generated a lot of excitement in the DeFi community, with the project TVL exceeding $80 million in 24 hours.

The USDT on the TON network was integrated into several global exchanges, including Binance. This is a part of the two companies' strategy to boost USDT on TON adoption. The interest in the project is reflected in the TON token price, which is soaring due to institutional and retail demand.

The new stablecoin allows investors to lock in gold and receive US-dollar-pegged digital tokens, offering a unique twist on traditional stablecoin mechanisms.