Palladium and Botanix Labs have announced the launch of a new stablecoin, PUSD, on Bitcoin's first EVM-equivalent Layer 2 network, according to a press release sent to Bitcoin Magazine. The PUSD stablecoin, developed by Palladium Labs, boasts a unique feature of being over-collateralized by 110%, a strategic measure aimed at enhancing its resilience against potential risks inherent in DeFi infrastructure.
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Crypto-friendly Stripe weighs public offering: Report
Internet payment processor Stripe is reportedly eyeing a public offering and has set a 12-month timeline to explore the possibility. Stripe has hired Goldman Sachs and JPMorgan Chase to advise on the feasibility and timing of a public-market debut, according to a Jan. 26 report by The Wall Street Journal.
