PayPal

PayPal’s stablecoin, PYUSD, has experienced a dramatic decline in market capitalization over the past six weeks, going from over $1 billion to around $610 billion at the time of writing. Once a top four stablecoin, PYUSD’s value has plummeted from its August peak, suggesting a significant loss of investor confidence. The decline has been attributed […]

PayPal recently completed its first business payment using its proprietary stablecoin, PYUSD, marking a significant step in demonstrating how digital currencies can streamline commercial transactions, according to a report by Paige Smith for Bloomberg News. The payment, made on 23 September 2024, was for an invoice sent to Ernst & Young LLP and was facilitated […]

On 29 May 2024, PayPal Holdings, Inc. (NASDAQ: PYPL) announced at Consensus 2024 that its stablecoin, PayPal USD (PYUSD), is now available on the Solana blockchain. This move aims to make PYUSD transactions faster and cheaper for consumers, enhancing the usability of PayPal’s stablecoin. The integration of PYUSD on the Solana blockchain is significant due […]

Popular Singapore-based cryptocurrency exchange Crypto.com has announced a new partnership with PayPal and Paxos for it to become a preferred exchange for the PayPal USD (PYUSD) stablecoin that the payments giant launched last month. The cryptocurrency exchange has said in a press release that it has already listed PYUSD on its platform for both retail […]

Singapore-based cryptocurrency exchange Crypto.com has revealed it’s adding numerous trading pairs involving numerous altcoins PayPal’s stablecoin PYUSD, with trading pairs allowing users to trade $XRP against the stablecoin. The move comes as Crypto.com established a partnership with PayPal and Paxos to become a preferred exchange for the PYUSD stablecoin that the payments giant launched last […]

Stablecoins have emerged as a bridge between traditional finance and the decentralized world of cryptocurrencies. Among the latest entrants in this space is PYUSD, a product of the global online payments giant PayPal. Launched on 7 August 2023, PYUSD is the result of a strategic collaboration between PayPal and Paxos Trust Limited. This partnership signifies […]

Last week, digital payments giant PayPal Holdings, Inc. unveiled its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), marking a strategic pivot into the Web3 and digital payment sectors. A blend of U.S. dollar deposits and short-term U.S. Treasuries anchors PYUSD. Paxos Trust Company, the entity issuing the stablecoin, guarantees its 1:1 parity with the U.S. dollar. […]

PayPal’s Groundbreaking Announcement Yesterday, PayPal Holdings, Inc., a dominant force in the digital payments realm, unveiled its Ethereum-based stablecoin, PayPal USD (PYUSD). This strategic move is a testament to PayPal’s ambition to further penetrate the burgeoning world of Web3 and digital-centric payments. According to the details shared by PayPal, PYUSD is anchored by a mix […]

In a landmark development, PayPal Holdings, Inc., a titan in the digital payments space, has taken the wraps off its own stablecoin pegged to the U.S. dollar, dubbed PayPal USD (PYUSD). This initiative marks PayPal’s strategic foray into the rapidly evolving universe of Web3 and digital-centric payments. According to PayPal’s press release, the newly minted […]