Core Ignition Drop Claiming Guide

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 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
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PayPal to launch U.S Dollar-Pegged Stablecoin PYUSD in the Next Few Weeks

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PYUSD

The global payment giant, PayPal unveil it will launch its own U.S. Dollar stablecoin, PayPal USD (PYUSD), issued by Paxos Trust Co. Backed by U.S. dollar deposits, short-term Treasury bills, and cash equivalents. PYUSD will gradually become available to PayPal's U.S.-based customers and it will be rolling out in the next few weeks.

According to the official press release stating that Pay Pal USD will be issued on Ethereum as the only stable supported within the Pay Pal network, which will allow users to transfer PayPal USD between PayPal and compatible external wallets and convert any of PayPal's supported cryptocurrencies to and from PayPal USD.

As the announcement went viral, The CEO of TRON Network, Justin Sun went to his X handle formally known as Twitter to invite PayPal on the Tron network. In his reach-out, Justin said.

"I cordially invite PayPal to consider issuing PYUSD on TRON, which is fast, secure, and cost-effective with 12 billion USD daily transactions. Mutual benefits await in the digital payment landscape. Let's collaborate for a thriving ecosystem!."

BUSD, launched by Paxos for Binance previously was halted by New York state regulators in February and designated as security by the SEC in June. PayPal had delayed PYUSD due to regulatory disputes over Paxos before, according to BBG.

Paolo Ardiono the Chief Technology Officer (CTO) at Bitfinex and Tether gives his opinion on the PayPal announcement said "The launch of PayPal Stablecoin does not impact Tether as the firm doesn't serve U.S. users. Tether instead focuses on emerging markets and developing countries. We don't expect any impact on USDT and it would be positive for the crypto industry in general.  It's interesting another stablecoin in the U.S. It could lead to the erosion of revenues for payments that have been mainly fueling Mastercard and Visa. It will also help the industry to grow further and push for sensible regulations". 



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