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Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race
11.3.2024
In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency...
Digital Asset Spot Trading Volumes Rise for the Fourth Consecutive Month + More Crypto News
8.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Digital Asset Spot Volumes Rise for the Fourth Consecutive Month Paxos Adopts Chainlink’s PayPal USD Price Feed The Hashgraph Association...
Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin
30.9.2023
Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for...
PayPal applies for NFT marketplace patent for on-chain or off-chain asset trading
28.9.2023
PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider
Crypto.com, PayPal and Paxos Partner for PayPal USD Integration – Here's What You Need to Know
28.9.2023
Payments and cryptocurrency exchange Crypto.com is integrating PayPal USD (PYUSD) establishing it as a ‘preferred’ exchange for the stablecoin.
The exchange announced Thursday, a partnership with payments giant PayPal and blockchain infrastructure company Paxos to further “the global adoption...
Crypto.com to become preferred exchange for PayPal USD
28.9.2023
PayPal launched its U.S. dollar-backed, Ethereum-built stablecoin in August 2023
PayPal USD is now accessible on Venmo
21.9.2023
PayPal USD (PYUSD), which is an on-chain, licensed, and dollar-denominated stablecoin of PayPal, is now readily accessible on Venmo. PayPal USD is fully supported by U.S. dollar deposits, as well as lesser-period U.S. Treasury bonds and cash. A short while back, PayPal had spoken about the release...
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
13.9.2023
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states
PayPal's PYUSD struggles with early adoption — Nansen
25.8.2023
PayPal's stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture
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
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...
Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
8.8.2023
Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday
Bitcoin, Ether Flat as PayPal USD Report Fails to Ignite Market; SHIB Finds Support
8.8.2023
Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain’s avax (AVAX) fell 1.5% to lead losses among major tokens
Fake PayPal USD Tokens Pop up on Several Blockchains
8.8.2023
Some of these tokens can’t be sold after purchase, while some can "pull the rug" at any moment
Paypal USD: Boon for Ethereum but not decentralization, says community
8.8.2023
Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC