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PayPal says the U.S. Securities and Exchange Commission has ended its investigation into its PYUSD stablecoin without taking any enforcement action. In a regulatory filing on Apr. 29, PayPal confirmed the SEC had wrapped up its inquiry and decided not…
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Coinbase dropped all the fees on buying PYUSD stablecoin for USD, furthering its partnership with PayPal.
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PayPal USD
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Payment giant PayPal is rolling out a 3.7% yield on its dollar-backed stablecoin to attract users amid growing competition in the market. PayPal will soon let users in the United States earn 3.7% annually on their PYUSD (PYUSD) stablecoin holdings…
PYUSD
PayPal USD
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Zero Hash, a crypto and stablecoin infrastructure provider, is expanding its solution with the integration of PayPal USD. The crypto-as-a-service platform announced the integration of PayPal USD (PYUSD) on Mar.10, noting that users can now access the stablecoin on the…
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Plume, a layer 1 blockchain for real-world asset finance, plans to launch a new payment finance product offering real yield use cases powered by the PayPal USD stablecoin. The PayPal USD (PYUSD)-powered PayFi Vault, dubbed nPAYFI, will go live on…
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PayPal USD
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PayPal and HDFC Bank-backed Mintoak has acquired Digiledge in a $3.5 million deal, marking the first acquisition in India’s central bank digital currency space. Mintoak, an Indian ecommerce startup that facilitates merchant payments, has acquired Digiledge in a deal worth…
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PayPal wants to expand the use of its stablecoin PYUSD to include global payments through Hyperwallet as well as other products by 2025. According to a recent Bloomberg report, PayPal is preparing to integrate its USD-pegged stablecoin, PayPal USD (PYUSD),…
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In an exclusive interview with crypto.news, Bitstamp US chief executive shares his view on how MiCA could pave the way for similar regulatory frameworks in the U.S. The European Union’s landmark regulation for the increasingly high-profile crypto sector came into…
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PayPal USD stablecoin expands to the Cardano ecosystem via a new cross-chain bridge by Wanchain. PayPal USD (PYUSD), a stablecoin issued on Solana and Ethereum chains, can now be accessible on Cardano (ADA) through Wanchain’s interoperability solution, according to a…
Markets
The XRP price continued to rise, reaching its highest level in over a month as cryptocurrencies bounced back. Ripple (XRP) climbed to $2.60, extending a recovery that began on Dec. 30 when it bottomed at the psychologically important level of…
XRP
XRP
RLUSD
Ripple USD
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FV Bank is expanding its stablecoin offerings, adding PYUSD for USD integration and cross-border payments. FV Bank has enhanced its stablecoin services by integrating PayPal USD (PYUSD) into its digital banking platform. This addition enables account holders to receive PYUSD…
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Ondo Finance has introduced instant conversions between its tokenized short-term U.S. treasuries fund and the stablecoin PayPal USD. According to an announcement, investors will soon be able to convert in and out of Ondo’s (ONDO) core product – the Ondo…
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PayPal USD
ONDO
Ondo
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Crypto software provider Talos Trading is reportedly set to double its workforce in the Asia-Pacific region, capitalizing on the area’s regulatory landscape. Talos Trading, a crypto trading software provider based in New York, is set to double its workforce in…
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Fintech startup Mesh has partnered with Turkey’s crypto exchange Paribu to enhance user access to seamless payments across the web3 ecosystem. Mesh, a U.S. fintech startup backed by PayPal Ventures, has joined forces with centralized cryptocurrency exchange Paribu, aiming to…
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PayPal is set to allow U.S. merchants to purchase, hold, and sell cryptocurrency directly through their PayPal business accounts. PayPal announced this move as part of its strategy to increase cryptocurrency’s role in everyday transactions for millions of businesses in…
News
Two former Coinbase employees, Vishal Gupta and Patrick McCreary, have launched TrueX, a new cryptocurrency exchange focused on stablecoin trading. According to a press release, TrueX has chosen PayPal’s PYUSD (PYUSD) as its preferred currency instead of the more widely…
Markets
