Fri, November 22

OKX Exchange Announces Listing PayPal USD (PYUSD) Stablecoin

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

October 3, 2024 2 mins read

Paypal USD (PYUSD) Surges to Sixth Largest Stablecoin Rank

The cryptocurrency market is mired in neutral sentiment, with only little rebounds sprinkled. The market leader in cryptocurrencies, Bitcoin, has increased its value by about 2% since yesterday, eyeing the $60,000 mark. Nevertheless, today’s main attraction is Paypal USD (PYUSD. A dollar-pegged token that has seen tremendous growth in recent

August 17, 2024 1 min read

PayPal’s PYUSD Stablecoin Supply on Solana Exceeds Ethereum

PayPal’s U.S. dollar-pegged stablecoin, PYUSD, has seen significant expansion since its inception, with its supply on Solana now exceeding that on Ethereum.  In August 2023, PYUSD launched on Ethereum in partnership with custodian Paxos, and its initial supply grew to $230 million by the end of the year. Due to

August 13, 2024 2 mins read

PayPal’s PYUSD Stablecoin Surpasses $500 Million in Market Cap

Launched via a cooperation with custodian company Paxos in August 2023, PayPal’s USD-pegged stablecoin PYUSD has had its market supply surpass 500 million tokens. By the end of 2023, PYUSD’s supply had grown to 230 million after its launch. According to statistics compiled by DeFiLlama, the total quantity of stablecoins

July 9, 2024 1 min read

Xoom Allows PayPal USD (PYUSD) Stablecoin for International Transfers

Users may now fund international Xoom transfers using PayPal USD (PYUSD), the company’s dedicated stablecoin linked to the U.S dollar. This is a new feature that Xoom, a PayPal cross-border money transfer service, has introduced. Xoom customers in the US will not be charged any transaction fees by PayPal when

April 5, 2024 2 mins read

PayPal’s PYUSD Stablecoin Faces Adoption Challenges

On-chain data shows that the newly launched PYUSD stablecoin is struggling to acquire adoption. Nansen, a blockchain analytics company, estimates that around 90% of PYUSD is kept in the wallets of stablecoin issuer Paxos Trust at the present time. The research claims that Kraken, Gate.io, and Crypto.com wallets have a

August 26, 2023 2 mins read

PayPal Appoints Intuit’s Alex Chriss as New CEO and President

The payment processing giant PayPal has recruited a new CEO. Alex Chriss, an established veteran of the tech sector with a history of leadership and innovation, has been named CEO and President of PayPal. Alex Chriss’s new position will benefit greatly from his extensive background as a senior executive at

August 14, 2023 1 min read