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PayPal USD links with LayerZero for transfers between Ethereum and Solana
13.11.2024
PayPal’s US Dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow native transfers of PYUSD between the two networks
Ex-Coinbase, Goldman Sachs Exec Launches New Crypto Exchange on PayPal Stablecoin
18.9.2024
TrueX, a new cryptocurrency exchange, has been launched that will focus on stablecoin-based trading and settlement. This launch…
Ex-Coinbase execs to launch exchange using PayPal stablecoin for settlement
18.9.2024
Founders who used to work at Coinbase, Circle and Goldman Sachs teamed up to create an exchange that will use PayPal USD as its main settlement currency.
Ex-Coinbase execs to launch exchange using PayPal stablecoin for settlement
18.9.2024
Founders who used to work at Coinbase, Circle and Goldman Sachs teamed up to create an exchange that will use PayPal USD as its main settlement currency.
PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana
26.8.2024
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
Anchorage adds PayPal stablecoin yield to custody platform
22.8.2024
Institutional crypto custodians like Coinbase offer competing rewards programs.
PayPal Makes Retail Stablecoin Play with PYUSD on Solana
29.5.2024
PYUSD has around 8,600 holders on the Ethereum blockchain and a market cap of a tick under $400,000
Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers
19.4.2024
Singapore-based payments company Triple-A has announced plans to integrate PayPal's stablecoin into its list of supported tokens for customer payments.
The post Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers appeared first on Cryptonews
Paypal Faces SEC Scrutiny Over New Stablecoin PYUSD, Cooperates With Document Production Request
2.11.2023
After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that it had been asked to produce documents for the...
Paypal Launches US Dollar-Denominated Stablecoin PYUSD on Venmo
20.9.2023
On Wednesday, the payment giant Paypal announced that the stablecoin PYUSD is now available on Venmo. Paypal detailed that the stablecoin asset will be available to select Venmo users and fully roll out for all users “in the coming weeks.” Paypal Stablecoin PYUSD Makes Its Way to Venmo...
Transparency Report Reveals Backing for Paypal’s PYUSD Stablecoin
14.9.2023
Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse...
ECB Official Shares Digital Euro Progress, Concerns Over Paypal’s Stablecoin
7.9.2023
European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is now in its final stage, preparing the ground...
PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’
21.8.2023
Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin
Bybit Announces ‘Imminent’ Listing of Paypal’s PYUSD Stablecoin
17.8.2023
According to the crypto exchange Bybit, the trading platform plans to list Paypal’s stablecoin soon. Amid Bybit’s announcement, Paypal’s PYUSD token has seen little movement as most of the supply is held by the contract and the Paxos Treasury. Dubai-Based Bybit Prepares to List...
PayPal’s stablecoin opens door for crypto adoption in traditional finance
17.8.2023
PayPal’s stablecoin sparked conversations over traditional finance’s growing interaction with the crypto space, stablecoin regulations and more
US House Financial Services Committee leadership takes opposing sides on the PayPal stablecoin
9.8.2023
Rep. Maxine Waters said she was “deeply concerned” about the PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it "hold[s] promise"
Here's How PayPal Plans to Monetize Its New PYUSD Stablecoin
9.8.2023
Payments giant PayPal plans to generate revenue from its upcoming stablecoin in a number of ways, including from its use in payment transactions.
The PYUSD stablecoin would also bring the company revenue in the form of interest income from assets backing it, Jose Fernandez da Ponte, senior vice...
Bitcoin (BTC) Price Rallies Towards $30,000 Amid Rising Spot ETF Application Approval and PayPal Stablecoin Optimism
8.8.2023
Bitcoin (BTC) is approaching a retest of the psychologically important $30,000 amid a fresh wave of optimism about the likelihood of near-term spot bitcoin Exchange Traded Fund (ETF) application approvals, as well as optimism about crypto’s broader adoption.
The world’s first and largest digital...
A Comprehensive Look at the New Paypal Stablecoin, Its Control Dynamics, and ‘Freeze’ Option Trending on Social Media
8.8.2023
At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the contract continues to retain a substantial 92.91%...
First Mover Americas: Market Doesn't React Much to PayPal Stablecoin
8.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets