Breaking news: PayPal launches PYUSD, HFSC chairman hints that stablecoins with clear regulations may become the mainstay of payments

1. Disk data:

The total market value of cryptocurrency has evaporated by US$7.423 billion in the past 24 hours. BTC fell by 0.02%, with an amplitude of 2%, and market sentiment was neutral.

The mood is neutral.

1. Chairman of the U.S. House of Representatives Financial Services Committee (HFSC): Stablecoins issued under a clear regulatory framework are expected to become the backbone of the 21st century payment system;

2. PayPal launches US dollar stable currency PYUSD;

3. The Jiangsu Provincial Court of China ruled in a case that the other party who lends Bitcoin does not need to bear the risk;

4. Securities and Futures Commission of Hong Kong, China: Observed that some unlicensed virtual asset trading platforms use improper business practices

3. Today’s attention:

At 20:30, Fed Chairman Barkin delivered a speech on "Responding to America's Urgent Economic Challenges."