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The service won't be available to New York state in the beginning.

PYUSD has around 8,600 holders on the Ethereum blockchain and a market cap of a tick under $400,000

The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth.

Curve's FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million.

The news could signal a renewed interest from traditional payment platforms in cryptocurrencies and blockchain technologies.

Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said.

The bill aims to provide regulatory clarity for digital assets, including self-custody rights, bitcoin payments, and transaction taxation.

The crypto exchange's off-shore arm will open perpetuals market for the popular meme coin on April 18.

Pepe is valued at just over $6 billion as of Thursday over a year after launch.

A source said that the investment was split evenly between the two digital assets.