PayPal becomes first major fintech to launch dollar-backed stablecoin
By Jaiveer Shekhawat (Reuters) - Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins - crypto tokens whose monetary value is
Fintech lenders tighten lending standards, bolstering debt financing
By Hannah Lang and Matt Tracy Fintech: (Reuters) - U.S. financial technology companies are tightening their lending standards, a move that has bolstered their access to debt financing from Wall Street investors, according to industry executives. During the COVID-19 pandemic, many fintechs
U.S. says decentralized finance services being used for illicit transfers
A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque By Daphne Psaledakis and Chris Prentice WASHINGTON (Reuters) - North Korea, cybercriminals, ransomware attackers, thieves and scammers are