Tag Archives: pyusd

CoinspeakerPayPal’s PYUSD Circulation Plummets 38% in March In a strategic move to bolster PYUSD’s utility and adoption, PayPal announced the integration of PYUSD for funding international transfers through its service Xoom. PayPal’s PYUSD Circulation Plummets 38% in March

Despite entering the list of approved digital assets, PayPal’s PYUSD stablecoin may not experience the instantaneous adoption initially anticipated following the launch.  Crypto.com, a Singapore-based digital assets trading platform, has formed a strategic alliance with PayPal and Paxos to strengthen its global standing as the preferred exchange for the PayPal stablecoin PYUSD. The move builds on the existing business relationship between PayPal and Crypto.com, enabling users to fund their...

PayPal says that by launching the new service to USD on ramp, it hopes to simplify customer interactions with cryptocurrencies. Payments giant PayPal Holdings Inc (NASDAQ: PYPL) is expanding services offered as part of its expansion into the crypto sector. Following its launch of an on-ramp function that lets customers buy crypto, PayPal has launched an off-ramp service so that users can easily sell the crypto for USD. The company announced this in a news release published on Monday. The...

CoinspeakerPayPal Unveils Cryptocurrencies Hub Following PYUSD Stablecoin Launch While PayPal's new crypto service allows users to explore the crypto industry, access to this innovative feature has been restricted in certain jurisdictions and for specific individuals. PayPal Unveils Cryptocurrencies Hub Following PYUSD Stablecoin Launch

CoinspeakerBank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued The introduction of PayPal stablecoin (PYUSD) represents a groundbreaking development in the realm of stablecoins and digital currencies. Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued

CoinspeakerRipple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin David Schwartz seems unsurprised that the Fed is reacting negatively to the new stablecoin issued by PayPal. Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin

CoinspeakerBernstein Research: Stablecoin Market to Top $2.8T by 2028 As investors and consumers battle with the risks of regular cryptocurrencies, stablecoins provide a dependable shelter where value remains generally stable over time. Bernstein Research: Stablecoin Market to Top $2.8T by 2028

CoinspeakerPayPal Launches Its Native Stablecoin PayPal USD (PYUSD) PayPal assures its users that PYUSD is fully backed by USD, reserve with funds supporting the stablecoin, while addressing concerns about issuing unbacked tokens. PayPal Launches Its Native Stablecoin PayPal USD (PYUSD)