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What is PayPal USD, and how does it work?
14.8.2023
PayPal has launched its own stablecoin, dubbed PayPal USD (PYUSD). The coin is only available to American customers
Today in Crypto: Apple Pay One-Click Gets Enabled on MetaMask via Banxa, Coinbase Expands Into Canada, Protocols Lead Says Base Network is 'Permissionless'
14.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Apple Pay One-Click Gets Enabled on MetaMask via Banxa, Coinbase Expands Into Canada, Protocols Lead Says...
PayPal Unveils Cryptocurrencies Hub: A New Crypto-Inclusive Feature
14.8.2023
Payments giant PayPal has launched a new feature that allows users to hold and interact with Bitcoin (BTC) and other cryptocurrencies in their accounts.
The new functionality, called Cryptocurrencies Hub, will allow users to not only hold a balance in various cryptocurrencies but also engage...
PayPal to roll out Cryptocurrencies Hub for select users
14.8.2023
The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of cryptocurrencies among other functionalities
Coinbase Bases, PayPal Stablecoins, Binance Exchanges and 20 Crypto Jokes
12.8.2023
Read More: Coinbase Bases, PayPal Stablecoins, Binance Exchanges and 20 Crypto Jokes
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase's L2
11.8.2023
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
11.8.2023
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram
Bank of America Says PayPal’s Stablecoin Will Not Record Significant Adoption In The Coming Months
11.8.2023
A new report by the Bank of America suggests that PayPal’s new stablecoin, PYUSD will not record the projected adoption in the near term citing tougher competition and indifference of investors.
Per the report, the launch of the new stablecoin by the financial giant is great for the digital asset...
PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right
11.8.2023
Like Facebook's ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey
PayPal’s Stablecoin Unlikely to See Significant Adoption in the Near Term: Bank of America
11.8.2023
Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said
PayPal USD Fans Token is the Latest Crypto to Blast Up 20,000% Overnight and Crypto Experts Say This Lesser Known Crypto is Next
11.8.2023
In a slapstick shot at PayPal's recent announcement of a new stablecoin, PYUSDF has become the latest DEX launched meme token to undertake a sensational overnight rally.
The spin-off coin is a tongue-in-cheek take on PayPal's new stablecoin offering, which sent waves through markets, initially...
Circle preps $1B war chest to deal with market threats from PayPal and others
10.8.2023
Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down
Congresswoman Maxine Waters Criticizes PayPal's Entry into Dollar-Pegged Stablecoin Arena Without Federal Regulatory Approval
10.8.2023
On Wednesday, Democratic Congresswoman Maxine Waters (D-CA) criticized PayPal's launch of its new dollar-backed stablecoin, PYUSD, as she believed the company should have waited for federal regulatory approval before proceeding.
"I am deeply concerned that PayPal has chosen to launch...
The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software
10.8.2023
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted...
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"
PayPal’s Stablecoin Is a Watershed Moment for Finance
9.8.2023
Until now, most of crypto’s big innovations have been for crypto-natives. PayPal’s stablecoin is different, says Austin Campbell, the former head of Portfolio Management at Paxos
Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin
9.8.2023
The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday
PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
9.8.2023
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory
Stablecoin Market Cap To Hit Nearly $3 Trillion By 2028: Bernstein Report
9.8.2023
Private wealth management company Bernstein has projected stablecoins to grow by 2,140% in the next five years with huge developments pouring into the sector.
According to the report, the stablecoin market stands at $125 billion with USD Tether (USDT) and USD Circle (USDC) as leaders but...
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...