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PYUSD Supply Skyrockets by 49%, Marking a Shift in Distribution as New Holders Emerge
25.10.2023
According to current metrics, Paypal’s stablecoin PYUSD has increased its supply by more than 49% since the end of September, rising from 94.39 million to 140.86 million. Moreover, the number of PYUSD holders has risen by 55% since September 30, 2023. Concentration, however, is still evident...
Stablecoins Surpass Mastercard and PayPal in Transaction Volume While U.S. Fails to Maintain Leadership
24.10.2023
In 2022 stablecoins have eclipsed both Mastercard and PayPal in transaction volume, reaching an impressive sum of nearly $6.87 trillion last year. Despite their critical role in the crypto economy, however, the United States is falling behind in stablecoin policy and global...
What Crypto Can Learn From Regulatory Overhauls at PayPal, Robinhood and Revolut
19.10.2023
Acme Introduces an Intent-Based Network to Simplify Blockchain Transactions
16.10.2023
PRESS RELEASE. Acme, founded by Nilesh Khaitan (ex-head of crypto, Venmo-PayPal), is building an intent-based network to simplify on-chain transactions to #OneTap. Acme’s experience makes on-chain transactions accessible to non-crypto natives, and empowers developers to simplify and secure...
Ex-PayPal President David Marcus Labels Bitcoin as Sole 'Neutral Internet Money'
13.10.2023
On Wednesday, David Marcus, the former president of PayPal and ex-vice president of Facebook, stated that Bitcoin stands alone as the only form of "neutral internet money" in existence during an episode of the What Bitcoin Did podcast....
Read More: Ex-PayPal President David Marcus Labels Bitcoin...
How PayPal expanded into crypto and alternative payments
6.10.2023
PayPal, a leading online payment platform, excels in secure, user-friendly transactions. In today’s evolving digital economy, cryptocurrencies and alternative payments have surged. Traditional systems involve high fees and delays, driving interest in decentralized cryptocurrencies....
PayPal is "Highly Unlikely" to Become a Dominant Player in Stablecoin Market: Tether Co-founder
6.10.2023
William Quigley, one of the co-founders of Tether (USDT), believes PayPal's stablecoin won't achieve notable adoption, particularly outside the United States.
"It is highly unlikely that PayPal will play a dominant role in the stablecoin market, certainly not outside of the US," Quigley said in...
PayPal applies for NFT marketplace patent, Meta’s avatars impress: Nifty Newsletter
4.10.2023
PayPal filed a patent application for a system that lets users transfer and purchase nonfungible tokens
Why Some Crypto Firms Are Suspending Services in the U.K.
4.10.2023
Luno, Bybit and PayPal have recently withdrawn certain services from the U.K. – just ahead of tough new promotions rules for crypto firms coming into effect
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 Deepens Crypto Footing With Layer-2 Solutions and NFT Patent Applications
29.9.2023
PayPal has filed a series of patent applications that indicate the payments giant aims to research and build up across multiple domains within the cryptocurrency ecosystem.
One of the latest patent applications, filed in March 2022 and made public on Thursday, delves into the selection process...
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
Tether co-founder sizes up PayPal’s Stablecoin ambitions
26.9.2023
The cryptocurrency and fintech sectors are constantly evolving, and in recent times, stablecoins have emerged as a groundbreaking innovation. In today’s financial landscape, digital assets like Tether (USDT) have not gone unnoticed, capturing considerable interest and wielding significant...
Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a Month
23.9.2023
Since the start of 2023, the size of the stablecoin economy has decreased amid numerous redemptions. However, new stablecoin asset projects, such as Aave’s GHO, First Digital’s FDUSD, and Paypal’s PYUSD, have emerged. On September 1, a stablecoin protocol named Prisma Finance...
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’s Stablecoin PYUSD is Available on Venmo to Select Users
21.9.2023
PayPal-operated peer-to-peer mobile payments platform Venmo has started offering PayPal USD stablecoin (PYUSD) to selected users, starting September 20.
“We are pleased today to announce that PayPal USD is now available on Venmo to select users and will be rolling out fully in the coming weeks.”...
PayPal rolls out PYUSD stablecoin to Venmo users
20.9.2023
The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo
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...