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PYUSD’s Modest Footprint: A Tale of Languid Activity Amidst Stablecoin Titans
30.8.2023
Following Paypal’s declaration about the introduction of a fresh stablecoin, the smart contract address has revealed that the quantity of PYUSD stood at approximately 26.9 million. In the subsequent 22 days, the supply of PYUSD has risen by over 60%, now totaling 43.3 million....
Crypto Analyst Predicts Stablecoin Adoption Boom Even in Face of Hostile Regulation
30.8.2023
Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.” Coutts believes that stablecoin usage may overtake bitcoin...
Will USDT & USDC lose ground to PYUSD? QUBE and SOL are also set to shine
28.8.2023
The crypto arena took another interesting turn when PayPal, a household name in global payment processing, dropped a major announcement on August 7. With the unveiling of its very own stablecoin, PayPal USD (PYUSD), the company signaled its arrival to Tether and USDC holders. But as the buzz around...
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
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
Tether discontinues Bitcoin stablecoin, citing lack of usage
17.8.2023
The Tether (USDT) stablecoin will no longer be issued on the Bitcoin Omni Layer, while redemptions will still be open for at least a year
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 Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024
16.8.2023
In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their crypto within the Paypal ecosystem and are free...
Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System
16.8.2023
Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of Paypal’s stablecoin will not lead to “accelerated...
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
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 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 to Grow to Almost $3T in Next 5 Years: Bernstein
9.8.2023
Major global financial and consumer platforms are expected to issue co-branded stablecoins resulting in significant growth for these cryptocurrencies, the report said
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%...
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’
8.8.2023
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of...
PayPal introduces PYUSD, new stablecoin
8.8.2023
PayPal has introduced its stablecoin to the community. It goes by the symbol PYUSD. PayPal’s stablecoin is backed by the US Dollar with a value equivalent to the fiat currency. Meaning 1 US Dollar translates to 1 PYUSD. The stablecoin will roll out in the days to come; however, the community...
PayPal stablecoin launch sparks wave of fake PYUSD tokens
8.8.2023
Nearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement
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