Author: Monicah W

Cardano (ADA) Enters a Decisive Phase:  Will a Golden Cross Trigger a Move Above $1?

Monicah W

The post Cardano (ADA) Enters a Decisive Phase:  Will a Golden Cross Trigger a Move Above $1? appeared first on Coinpedia Fintech News

The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance and total capitalization at $2.89 trillion. While Bitcoin, Ethereum, XRP, etc., and a few more have slid down, Cardano (ADA) price has managed to keep up the bullish momentum. The third-generation token witnessed a robust rally this week, delivering over 16% gains as it surged from a low of $0.62 to $0.73. With the rise in the investors sentiments, the ADA price appears to be gearing up for its next big move. 

The ADA price began the week consolidating near the $0.62 to $0.63 zone but broke out strongly mid-week and climbed past the resistance at $0.68. Besides, the retail participation surged, with wallet and address activity increasing by double digits week-over-week. As per some reports, more than $16 million in ADA exited exchanges, indicating the investors moving tokens to cold storage, typically a bullish signal. The open interest in ADA-related derivatives soared alongside spot price appreciation, confirming growing market engagement. 

Now that the ADA price has reached an important price zone, a breakout may lead the price to trigger a rise close to $1. 

As seen in the above chart, the ADA price is stuck between the pivotal resistance and support levels at the 200- and 50-day MA, respectively. On the other hand, the MAC shows a drop in the selling pressure, including a bullish crossover, which could reinforce the upward momentum. Although the RSI has not yet reached the overbought range, the rise in the levels hints towards an increase in the buying interest. 

With the bullish technicals surrounding the ADA price rally, the next critical resistance could be around $0.77 and if the price rises above the range, a rise above $1 could be imminent. Moreover, a potential Golden cross may also ease the bullish activity in the next couple of days.  

The bullish sentiment has been dominating the ecosystem, supported by social chatter forecasting upside towards $1 or, optimistically, even $4 in the coming months. The crypto is in a technical and sentiment-driven upswing with key resistance levels at  $0.77 and $0.1.1 as the next focus for the bulls. Therefore, sustained momentum and supportive macro conditions could propel the Cardano (ADA) price to new yearly highs. 

The post Cardano (ADA) Enters a Decisive Phase:  Will a Golden Cross Trigger a Move Above $1? appeared first on Coinpedia Fintech News
The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance and total capitalization at $2.89 trillion. While Bitcoin, Ethereum, XRP, etc., and a few more have slid down, Cardano (ADA) price has managed to keep up the bullish momentum. The third-generation token witnessed a robust rally this week, delivering over …

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XRP Futures Set to Launch on CME Group, Boosting Liquidity and ETF Chances

Monicah W

The CME is launching futures trading on XRP on May 19, pending regulatory review. It will allow both micro and large contracts, from 2,500 to 50,000 XRP, prioritizing flexibility and precision.

This development could provide several key advantages for the asset. In addition to substantial liquidity, the CME will treat the asset as a commodity like Bitcoin and Ethereum. This could potentially boost the chances of an XRP ETF approval.

CME to Launch XRP Futures

XRP futures are financial contracts that let traders speculate on the future price of XRP without owning the actual XRP coins. It will allow institutional and professional traders to hedge risk or speculate on XRP prices using regulated instruments.

CME’s involvement is significant—it’s the world’s largest derivatives exchange, and adding XRP gives more legitimacy and market depth.

The CME has been interested in crypto futures trading over the past few months. It hinted at launching Solana and XRP futures in January but couldn’t officially commit to the strategy until approval.

The CME first began Solana futures trading last month and is set to open XRP futures on May 19:

“While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market!” Ripple CEO Brad Garlinghouse claimed via social media.

Meanwhile, futures trading in the institutional market could potentially aid the chances of an XRP ETF. Additionally, it potentially opens a huge window of new liquidity for the token. The recognition of CME’s brand will guarantee product quality in the eyes of institutional investors.

Coinbase added XRP futures trading earlier this week after receiving official CFTC approval. The CME is also a CFTC-regulated institution, but it will take a few weeks to offer its own XRP futures.

Still, it began offering Bitcoin and Ethereum futures this year, and this development suggests it’s treating Ripple’s altcoin like a commodity, too.

The announcement acknowledges that it still requires regulatory approval, possibly explaining the long wait. These futures will be cash-settled and based on the CME’s XRP-Dollar reference rate, which is calculated daily.

XRP’s demand hit a five-month low this week, and the CME won’t offer futures for nearly a month. This news is undoubtedly bullish, but it may take some time to materialize fully in the market.

The post XRP Futures Set to Launch on CME Group, Boosting Liquidity and ETF Chances appeared first on BeInCrypto.

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Binance’s CZ and Bloomberg Continue to Clash Over Crypto Advisory Reports

Monicah W

Changpeng “CZ” Zhao is having another public dispute with Bloomberg over his recent efforts to advise various governments on crypto policy.

The Binance founder once again called out the publication for negatively framing his advisory efforts. CZ continues to stress that several media outlets take his remarks out of context to drive breaking news.

CZ Continues to Face Media Scrutiny

Changpeng “CZ” Zhao, former CEO of Binance, has recently been involved in a few spats with major publications. Three years ago, he sued one of the Bloomberg subsidiaries for defamation.

Most recently, several US-based publications circulated allegations about a potential deal with the Trump family. After denying those claims, Bloomberg again published an article centered on CZ’s work advising various governments, prompting a harsh response.

In recent months, CZ has been actively advising the government on crypto policies and digital asset regulations. This month alone, he advised Kyrgyzstan on building its crypto hub and joined the Pakistan crypto council.

Earlier this week, he met with the Prime Minister of Malaysia to “discuss [the country’s] potential to become a major hub” for crypto.

This particular meeting was the center of Bloomberg’s report today, framing the regulatory efforts in a negative context.

Specifically, the article repeatedly called attention to his prison stint for money laundering charges, which he pleaded guilty to. It mentioned his criminal past several times in addition to previous reprimands from regulators.

In other words, several US-based media outlets find it ironic that CZ influences crypto laws due to his struggles with the legal system.

However, his actual advice is pretty standard. As a major crypto leader, it’s unsurprising that CZ advocates for balanced or even loose regulation.

Bloomberg also quoted a few of CZ’s comments at various public appearances, which he claims were taken out of context. For example, it referred to a Q&A about Giggle Academy.

Giggle is a non-profit online education platform that helps youths in emerging markets find employment. When asked about concerns of promoting child labor, he responded:

“I’ve got to be careful on this one. We don’t want to violate any laws about working age. Giggle doesn’t offer a job market on the platform today, but it plans to in the future. We are also willing to work with labor ministries to review or at least explore what’s the right working age for kids,” CZ said.

CZ called this quote a joke, chiding the publication for focusing on it instead of the talk’s main points. Giggle has enrolled over 28,000 children, he claimed.

The article paints his activities in a dark light by constantly referring to his criminal conviction and pairing this remark about “working with labor ministries” with his efforts advising government policy.

The post Binance’s CZ and Bloomberg Continue to Clash Over Crypto Advisory Reports appeared first on BeInCrypto.

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Top 3 Pump.Fun Tokens to Watch For The End of April

Monicah W

PumpFun tokens show renewed strength after a prolonged correction, with activity on the platform accelerating again. Daily token launches have consistently held above 30,000 per day over the past few weeks, and weekly volume has surged back above $1 billion since April 7.

In the last few weeks, three tokens—Alchemist AI (ALCH), FARTCOIN, and AI Rig Complex (ARC)—have emerged as standout performers. Each is riding a wave of momentum into the end of April, backed by strong narratives, technical setups, and growing investor attention.

Alchemist AI (ALCH)

Alchemist AI, a no-code development platform allowing users to build software applications through natural language commands and simple descriptions, has gained significant traction in the market.

Over the past week, ALCH has surged nearly 40%, pushing its market capitalization to $177 million, and is currently one of the biggest PumpFun tokens.

This rally highlights growing interest in user-friendly AI tools and low-code/no-code infrastructure, which are increasingly viewed as the future of accessible software development.

ALCH Price Analysis.
ALCH Price Analysis. Source: TradingView.

From a technical perspective, ALCH is approaching a key resistance level around $0.229.

If the current momentum continues, a breakout above that zone could propel the token past $0.25 and into new all-time highs.

However, if buying pressure fades and the $0.173 support is lost, a downward move toward $0.132 could follow, potentially extending as low as $0.099 in the event of a sharper correction.

FARTCOIN

FARTCOIN has become the undisputed king of the coins launched on PumpFun, boasting a market cap of $1.08 billion and a 20% price increase over the past seven days.

What makes FARTCOIN especially notable is its resilience—since early March, the coin has steadily climbed despite broader market corrections impacting most of the crypto space.

In fact, its price has surged 329% since March 1, making it one of the strongest performers among meme-driven tokens.

FARTCOIN Price Analysis.
FARTCOIN Price Analysis. Source: TradingView.

From a technical standpoint, FARTCOIN’s chart remains bullish, with its EMA lines confirming upward momentum as short-term averages stay above the long-term ones.

The token is approaching a critical resistance at $1.20, and a breakout there could lead to a rally toward $1.60.

However, if momentum fades, the first support sits at $0.965, potentially sliding to $0.717 if that level fails to hold.

AI Rig Complex (ARC)

ARC has experienced intense volatility recently, crashing 91% between February and April as part of the broader correction that hit AI agent tokens across the crypto space.

However, momentum has recently shifted, with ARC rebounding nearly 31% in the past seven days.

The project is uniquely positioned at the intersection of two powerful narratives—artificial intelligence and PumpFun tokens—both regaining investor interest. If positive sentiment continues to build, this dual exposure could serve as a strong tailwind for the token.

ARC Price Analysis.
ARC Price Analysis. Source: TradingView.

ARC drives Rig, an open-source framework that allows developers to build modular, portable, and lightweight crypto AI agents.

If the current bullish momentum holds, ARC could soon test the resistance at $0.056 and potentially target $0.071 and $0.083 in extension.

However, the $0.048 and $0.043 levels will be key supports if buying interest fades. A breakdown below those could trigger a deeper pullback, with $0.034 as the next major downside target.

The post Top 3 Pump.Fun Tokens to Watch For The End of April appeared first on BeInCrypto.

XRP Price Poised for $3.50 Breakout as RLUSD Volume Soars 45%

Monicah W

XRP price today pulled back by 3% as its recent rally took a breather amid a wave of profit-taking among crypto investors. Its dip brought its valuation to $133 billion. However, technicals suggest that the Ripple price is on the verge of a strong surge as the RLUSD stablecoin volume surges by 45%.

XRP Price to Surge to $3.5 as RLUSD Stablecoin Volume Jumps

The XRP price has several catalysts that may propel it significantly higher in the long term. One of these drivers is its potential to disrupt the financial market by disrupting the SWIFT Network that connects over 11,000 banks.

The other key catalysts for the surge is its foray into the stablecoin industry. Ripple USD (RLUSD), its stablecoin, continues to gain market share as its market cap has jumped to nearly $300 million.

CoinGecko data shows that the 24-hour volume of RLUSD increased by 45% to $110 million, indicating growing usage. That figure means that RLUSD is one of the most popular stablecoins in crypto since its daily volume is higher than other well-known names like USDS, Ethena USDe, TrueUSD, and Justin Sun’s USDD.

RLUSD’s volume increase happened a day after it was incorporated in Aave V3. This addition enables AAVE users to supply and borrow it easily. Ripple Labs also made the strategic move to burn 12 million RLUSD tokens, a move aimed at reducing its supply and boosting its demand. Earlier this month, Ripple added RLUSD into its payment network, which will eventually lead to higher volume over time.

Ripple Price Analysis and Targets

The ongoing growth of its stablecoin and the recent end of its legal issues has fueled optimism that XRP price is about to surge. One crypto analyst who has followed it for years now believes that the coin will eventually hit $1,000. This is unrealistic, as it would push its market cap to $100 trillion.

XRP Price to $1,000
XRP Price to $1,000

Still, a simple technical analysis shows that the coin is on the verge of a rally, possibly to the psychological point at $3.5.

The three-day chart below shows that it has formed two highly bullish chart patterns that may fuel this surge. The orange lines show that it has created a falling wedge pattern whose trendines are about to meet.

XRP price has now flipped the upper side of this pattern, potentially confirming this breakout. The coin has also formed a bullish pennant pattern, a positive technical formation characterized by a vertical line and a triangle.

XRP Price Chart
XRP Price Chart

Therefore, the value of XRP is likely to surge to its year-to-date high of $3.4. Rising above that level will increase the possibility of it reaching $3.5, a 60% increase from the current point.
A plunge below the year-to-date low of $1.6225 will cancel the bullish outlook. Such a crash may put it in danger of a drop to $1.

The post XRP Price Poised for $3.50 Breakout as RLUSD Volume Soars 45% appeared first on CoinGape.

SUI Price Eyes Rally To $10 As Falling Wedge Pattern Forms

Monicah W

SUI Price Eyes Rally To $10 As Falling Wedge Pattern Forms

Sui price is exhibiting strong bullish momentum with its price moving to the $4 level. Breakout of the falling wedge chart pattern has been noted by several analysts, and it is expected that the token may head towards the $10 level.

Trading at $3.04 now, SUI has registered solid gains across the board. This includes a 10.6% increase in the past 24 hours and 56.1% growth over the past week.

SUI price eyes falling wedge pattern breakout

Multiple cryptocurrency analysts have shared SUI’s recent technical breakout as a strong indicator for future price appreciation. In addition, analyst Crypto Rand described in a tweet the move as a massive bull breakout on the main downtrend channel. He suggested that the token is looking primed for further gains. This sentiment is echoed by analyst Coinvo, who explicitly referenced the massive SUI falling wedge breakout.

The falling wedge pattern is a bullish reversal formation that develops when price makes lower highs and lower lows but with converging trendlines. This generally signals the end of a downtrend. Analyst Michaël van de Poppe further reinforced this outlook and noted that a strong breakout is occurring and advising followers to consider being dip buyers in the coming trend.

The bullish case is strengthened by broader timeframe analysis from Bitcoinsensus. The analyst identified an ascending wedge pattern forming since June 2023. He also shared a “bullish high time-frame confirmation with a break of trend on the RSI on the weekly.”

Price predicted to hit $10

Analysts have placed huge targets for SUI price on the technical breakout. Ledora, who refers to SUI as their “number 1 alt pick.” He predicted that the token will reach new all-time highs in the near future and stated “$10 is coded.” This is more than a 200% premium from the current price.

A more accurate technical prediction is by Bitcoinsensus, who has set a next target price at $11.50 for SUI on the week-long time frame. This is according to SUI’s behavior within an ascending wedge structure since June 2023, as well as the recent bullish confirmation by the Relative Strength Index (RSI) on week-long charts.

SUI’s latest performance data verify such optimistic expectations. The token has gained 31.2% over the past month. Even in one-year performance, the token has grown by a staggering 150.1%.

The token is becoming more notable, as seen through its position among the top 5 made-in-America cryptocurrencies, as per CoinGecko figures. SUI is at number five, barely behind only XRP ($125B), Solana ($76.3B), USDC ($61.8B), and Cardano ($24.4B) among made-in-America digital currencies.

CoinGape has also dove into the potential SUI price prediction, which shows a 46% bullish possibility.

The post SUI Price Eyes Rally To $10 As Falling Wedge Pattern Forms appeared first on CoinGape.

Should You Be Bullish on POL (Prev. MATIC) Price? Will It Ever Reach $1? 

Monicah W

Polygon (POL) Poised For 44% Price Drop, Here’s Why

The post Should You Be Bullish on POL (Prev. MATIC) Price? Will It Ever Reach $1?  appeared first on Coinpedia Fintech News

The crypto market is witnessing some cautious declines today, with the total market capitalization dropping below $2.9 trillion. Major tokens like Bitcoin and Ethereum slipped, driven by profit-taking and market consolidation. Meanwhile, the POL (Prev. MATIC) price has been showing strong bullish momentum and has delivered an impressive performance today. This validates its growing relevance within the market, which may help the MATIC price to keep up the bullish trend. 

The POL price surged over 14% to $0.2529, breaking the key resistance on strong volume amid bullish sentiment. This upward momentum follows a volatile month for POL, which plunged to a 30-day low of $0.1533 in the first week of April before staging a dramatic rebound. The current price action not only marks a striking short-term gain but also signals a potential end to the prolonged downtrend that defined the POL since December 2024. 

Why POL Price is Rising? WIll it Reach $1 in 2025? 

The rally was catalyzed by the announcement of the Agglayer Breakout Program, which aims to incentivize POL staking through project airdrops. This has increased the activity within the ecosystem and also the demand for the token has risen significantly. Technically, POL broke out above a critical resistance zone near $0.22, which had capped prices during weeks of accumulation. Therefore, this decisive move, supported by a rise in volume and open interest, suggests a genuine shift in the market sentiment, which could initiate a 30% to 40% rise. 

As seen in the above chart, the POL price has broken above the descending trend line but failed to secure levels above $0.257, which is an important resistance level. The crypto attempted to surpass the upper band of the Gaussian channel that could have validated the beginning of a bullish trend. However, the bears restricted the move, but the MACD formation suggests the upswing may continue as the levels are heading back to the positive range for the first time in 2025. 

Therefore, the POL (Prev. MATIC) price is expected to close the day’s trade above $0.257, which could validate the bullish divergence. Some overbought signals may prompt short-term volatility, but the token’s reversal from recent lows and a rise in the trader’s attention suggest the POL price could enter a new bullish phase soon. 

The post Should You Be Bullish on POL (Prev. MATIC) Price? Will It Ever Reach $1?  appeared first on Coinpedia Fintech News
The crypto market is witnessing some cautious declines today, with the total market capitalization dropping below $2.9 trillion. Major tokens like Bitcoin and Ethereum slipped, driven by profit-taking and market consolidation. Meanwhile, the POL (Prev. MATIC) price has been showing strong bullish momentum and has delivered an impressive performance today. This validates its growing relevance …

Here’s the Only Way Dogecoin (DOGE) Price Could Reach $1

Monicah W

After days of consolidation, the Dogecoin (DOGE) price is showing signs of life, having risen by 31% from its lowest point this month. This recovery has added about $5 billion in value, and raised the question whether DOGE price could surge 445% to hit $1.

While Dogecoin price has bounced back, it remains much lower than its all-time high. Precisely, it has dropped by 76% from its 2021 high and is 65% lower than its 2024 high. Let’s explore the only way that the coin jumps and hits $1.

Dogecoin Price Can Reach $1 if Key Things Happen

The value of DOGE needs to rally by 445% to get to $1. Such a move would create a cryptocurrency with a market cap of nearly $150 billion, since its maximum circulation is 148.98 billion tokens.

A $150M valuation in the crypto market is possible. Bitcoin and Ethereum have already surpassed that milestone, while Tether and XRP are close behind. As the biggest meme coin in crypto, such a climb is possible.

Additionally, a 445% surge, while large, is attainable in the crypto industry. A notable example is Fartcoin, a Solana meme coin that bottomed at $0.2053 in March has jumped by 443% to $1.095.

DOGE price also has a record of having triple-digit gains. While its price has pulled back recently, it remains 200% above its 2023 lows.

Dogecoin price can jump to $1 if there is a Bitcoin-led rally. A look at DOGE’s history reveals that it tends to rally only when BTC is in a strong bull run. Therefore, with odds of a Bitcoin surge rising, there is a likelihood that it too will rally.

Additionally, the SEC needs to approve a spot DOGE ETF, which will help it gain inflows from Wall Street investors. Odds of approval are high because it is a proof-of-work coin like Bitcoin.

Daily Chart Shows to a DOGE Price Rebound

Chances are that Dogecoin will eventually surge and hit $1. What is clear, however, is that this rebound to that target will take months or even years to happen.

The daily chart shows that it may be on the cusp of a bull run. It has formed a small double-bottom pattern at $0.1480. It has also formed a big falling wedge pattern and its price has already jumped above the upper side.Dogecoin also sits above the rising trendline that links the lowest prices since August last year.

Therefore, the short-term DOGE price forecast is bullish, with the most viable target being the psychological level at $0.25. This target is approximately 45% higher than the current level. A surge to $1 will be confirmed if it rises above the 2024 and 2021 highs.

Dogecoin Price
Dogecoin Price

Take note of the double-bottom level at $0.1480 as a break below there will signal more downside, potentially to $0.10.

The post Here’s the Only Way Dogecoin (DOGE) Price Could Reach $1 appeared first on CoinGape.

What Next For The Crypto Market As China Denies Trade Talks With The US

Monicah W

What Next For The Crypto Market As China Denies Trade Talks With The US

The crypto market is again in the spotlight, as China denied trade talks with the US, contrary to what President Donald Trump mentioned. This puts the market, which is currently correcting, at risk of a significant crash, losing this week’s gains in the process.

What’s Next For The Crypto Market?

The crypto market is at risk of a decline following China’s denial of ongoing trade talks with the US and President Donald Trump. According to a Bloomberg report, China’s Commerce Ministry spokesman He Yadong dismissed talks about both parties making progress on a tariff deal, stating that “any reports on developments in talks are groundless.

He Yadong also urged the US to “show sincerity” if it wants to make a deal. This development comes after Trump remarked that there were active talks with China daily. As CoinGape reported, the US President also suggested that he would look to cut the 145% tariffs that he had earlier imposed on the Asian country.

The tariff war has had a negative impact on the crypto market and could again derail the rally that the market is currently witnessing. For context, the Bitcoin price has rallied to as high as $85,000 this week while altcoins have also recorded significant gains.

However, it is worth mentioning that the market, led by BTC, looks to have decoupled from stocks, with investors now viewing the leading crypto as a safe haven asset similar to Gold rather than a risk asset. As such, if uncertainty around the ongoing US-China trade war grows, then there is the possibility that Bitcoin and other crypto assets could sustain this rally.

What’s Next For BTC & The Broader Market

Crypto analyst Titan of Crypto has provided an update on the Bitcoin price action and what could come next for BTC and the broader crypto market. In an X post, he stated that the previous daily low (PDL) at around $92,700 has been taken, and a large Fair Value Gap is currently supporting the price.

Crypto Market

The analyst stated that the next points of interest are the previous daily high and the previous monthly high at $95,000. Titan of Crypto remarked that the direction should favor upside if the lagging span manages to break out of the Kumo Cloud.

However, if a deeper pullback occurs, he mentioned that Tenkan remains the key support level to watch. The Tenkan is currently at around the $86,000 range.

The post What Next For The Crypto Market As China Denies Trade Talks With The US appeared first on CoinGape.

Coinbase Partners with PayPal to Offer Free PYUSD Stablecoin Conversions

Monicah W

Coinbase Partners with PayPal to Offer Free PYUSD Stablecoin Conversions

Coinbase and PayPal have expanded their partnership to offer free conversions between PayPal’s stablecoin, PYUSD, and US dollars.

This is to enhance the utilization of stablecoins in digital payments, which is a positive development both for firms in their attempt to adopt blockchain technology within the conventional financial markets.

Coinbase Partners with PayPal to Support Stablecoin Usage

PayPal and Coinbase have teamed up to offer zero-fee conversions for PYUSD on Coinbase’s platform. So, from now on, it is possible to buy, sell, and trade PYUSD without fees on the platform. Furthermore, Coinbase users will be able to exchange their PYUSD 1:1 for US dollars. This arrangement seeks to demystify the stablecoin and ensure that its use is feasible in day-to-day activities.

PayPal’s president and CEO, Alex Chriss, also praised the partnership, saying,

“We are thrilled to advance new, exciting, and innovative use cases with Coinbase and the broader crypto ecosystem, with PYUSD at the core of it and focusing on adding value and more utility to Digital currencies for developers, customers, and other consumers.”

The move also includes more support for the merchants. PayPal also plans to bring PYUSD to its global network of merchants, which could expand the utility of stablecoins in real-world transactions. Amid these developments, the crypto exchange Coinbase filed with the CFTC to launch XRP futures earlier this month, offering a regulated way for investors to gain exposure to XRP.

Increased Utility for Coinbase Customers

Coinbase’s involvement is invaluable since it provides a direct gateway to millions of potential customers. With this new partnership,  the crypto exchange plans to incorporate PYUSD into its services to provide users with a quick means of exchanging USD for PYUSD without incurring a fee. This zero-fee applies to Coinbase’s retail usage and also applies to institutional clients.

Brian Armstrong, the CEO of Coinbase, highlighted the benefits of this partnership for the broader cryptocurrency community, stating,

“Their more than 430 million consumer and merchant accounts offer an unprecedented opportunity to increase stablecoin adoption globally.”

This will also serve institutions which have already embraced crypto to get more out of PYUSD, thus making stablecoin make more rounds in business-to-business transactions.

Expanding DeFi and Digital Payments Applications

While PayPal and Coinbase are working on enhancing the fiat to stablecoins gateway, they are also considering expanding in decentralized finance (DeFi) and blockchain payments. These two firms have agreed to develop new applications for PYUSD within these sectors to ensure that the digital currency is not restricted to just the financial sector alone.

According to Lauren Abendschein, Global Head of Institutional Sales at Coinbase,

“This is a partnership that is all about advancing the future of global payments, taking stablecoins mainstream, pushing forward this technology.”

As PayPal explores more decentralized exchanges (DEXs), it hopes to offer users the ability to make payments directly in PYUSD, without relying on traditional intermediaries.

Coinbase Expansion and Legal Challenges

Furthermore, the development of its business relationship with PayPal is just one of the many fronts on which Coinbase has been active. The exchange is continuing with the process to expand in different markets.

This includes opening a new office in Charlotte North Carolina and employing hundreds of people from that area. Such actions would show how Coinbase is expanding its operations in the United States and blending with the community.

Despite the expansions, the crypto exchange is still navigating regulatory hurdles, including a lawsuit concerning its staking services and a lawsuit by Oregon AG Rayfield. However, adding to the list, Alabama has dropped its enforcement action against the company related to its staking program.

The post Coinbase Partners with PayPal to Offer Free PYUSD Stablecoin Conversions appeared first on CoinGape.