🪙 Coins… PayPal said it’s adding PYUSD, its recently launched stablecoin, to Venmo. With a market cap of $44M, PYUSD’s been slow to gain traction. Venmo, which as of last year had 90M US accounts, could help the coin grow market share.
🌶️ Spicy… FTX sued Sam Bankman-Fried’s parents, alleging the two misappropriated millions in funds. The suit says SBF’s dad received a $10M gift from his son in 2022 after asking him to raise his $200K/year FTX salary.
🤖 Techy… Traditional-finance heavyweight Citigroup said it’ll offer some customers the ability to tokenize their deposits (picture: digi assets representing account balances) on a private blockchain, which would allow for faster transfers.
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