PayPal’s bringing its U.S. dollar-backed stablecoin, PYUSD, to the Stellar blockchain—just waiting on the final approval from New York’s financial regulator. PYUSD is already live on Ethereum and Solana, but this next step is all about making it more useful in the real world, especially for faster, cheaper cross-border payments
PayPal just got a significant win in the world of digital finance. On April 29, the company revealed in a regulatory filing that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into its U.S. dollar-backed stablecoin, PYUSD. The agency said it doesn’t plan to take any enforcement
Coinbase announced on April 24 that it has widened its partnership with PayPal to strengthen the impact of PayPal USD (PYUSD). The exchange has plans to strengthen the stablecoin infrastructure and accessibility. Coinbase has also committed to back effortless and no-cost conversions between PYUSD and USD. The partnership will permit
PayPal is stepping forward in terms of its stablecoin development and adoption with a new announcement. It is planning to offer a 3.7% annual return on its PYUSD stablecoin balance to its users. The yield accumulates daily, and users will receive it on a monthly basis. Payment platform PayPal seems
International payments giant PayPal has announced the addition of Chainlink (LINK) and Solana (SOL) to its roster of supported cryptocurrencies. In an official release, the company confirmed that users in the United States can now buy, sell, hold, and send both LINK and SOL on PayPal and its subsidiary platform,
Stablecoins have been gaining much traction ever since Trump won US elections in 2024. White AI & Crypto Czar David Sacks highlighted the potential of stablecoins multiple times publicly. He even stated stablecoins are a better option compared to CBDCs and they can help extend the dollar’s dominance across the
Crypto payment platform MoonPay is reportedly in talks to acquire Helio Pay, a leading e-commerce platform that enables businesses to accept payments in various cryptocurrencies. The deal, valued at around $150 million, would mark MoonPay’s largest acquisition yet. 🚨SCOOP: @FoxBusiness has learned that #crypto payment services provider @moonpay is in
The cryptocurrency market has seen a spur of activity in the last 24 hours. While the Uptober bull run has not begun yet, prices have declined. Meanwhile, cryptocurrency firm Ripple has reaffirmed its vow to battle with the SEC. Amid traders’ significant losses and partnerships, as aforementioned, the sector showed
On September 10, ENS Labs, a decentralized naming system based on the Ethereum blockchain, announced the integration of its naming solution into PayPal and Venmo. This move allows users on both platforms to use an ENS domain name instead of a traditional wallet address when transferring cryptocurrencies. By eliminating the
Holders of PayPal’s dollar-pegged PYUSD stablecoin will be eligible for an interest rewards program. Which is an advancement in the company’s stablecoin effort. The next stage in PayPal’s strategy to increase the use of its stablecoin is this program. This is a collaboration with Anchorage Digital. In a partnership with
