A surprisingly bullish start to the week: Publicly traded payments processor PayPal, which saw $7 billion in Q2 revenue, just launched a U.S. dollar-pegged stablecoin. Perhaps even more surprising is that New York-based Paxos will be the issuer and custodian of PYUSD reserves. Yes, that’s the same firm whose identical role for Binance’s stablecoin, BUSD, resulted in a Wells notice from the SEC. Central banks the world over have been very vocal on their concerns with stablecoins.
MetalCore is an upcoming mech shooter developed by Studio 369, and it’s being developed on Ethereum scaling network Immutable zkEVM. Decrypt contributor Ryan Gladwin played through the prologue and tested out the recent Alpha 3 online experience to get a sense of the NFT-infused mash-up of Titanfall and Destiny.
