Bitcoin to remain in consolidation as fiat-to-stablecoin conversions stay muted, analysts warn
Stablecoin minting data shows a slowdown in fiat-to-crypto on-ramps, with the Federal Reserve’s hawkish shift likely impacting market activity, Matrixport warns. Bitcoin (BTC) is likely to stay in consolidation as long as fiat-to-stablecoin conversions remain muted, according to Singapore-based digital asset firm Matrixport. In a Jan. 14 research note, Matrixport noted that the latest 7-day […]
Ondo introduces 24/7 conversions between PayPal USD and OUSG
Ondo Finance has introduced instant conversions between its tokenized short-term U.S. treasuries fund and the stablecoin PayPal USD. According to an announcement, investors will soon be able to convert in and out of Ondo’s (ONDO) core product – the Ondo Short-Term U.S. Government Treasuries. Investors will access this through PayPal USD (PYUSD). Ondo’s OUSG is […]
