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PayPal to launch its stablecoin PYUSD on Stellar
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PayPal’s PYUSD supply has surged 113% month-over-month, hitting an all-time high of $2.54 billion. PayPal’s stablecoin PYUSD has broken out of its quiet launch phase. On Friday, Oct. 3, the stablecoin reached an all-time high in circulating supply at $2.54…
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PayPal partnered with the DeFi liquidity platform Spark to bring $1 billion in liquidity to its PYUSD stablecoin. The battle for stablecoin dominance is heating up. On Thursday, Sept. 25, PayPal partnered with DeFi liquidity platform Spark to expand on-chain…
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PayPal has invested in Stable, a layer-1 stablecoin platform, to advance the adoption of its U.S. dollar-pegged stablecoin, PayPal USD. Stable will help accelerate the global adoption of PayPal USD via its layer 1 blockchain platform, the firm said in…
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News
PayPal is expanding the reach of its stablecoin. Using LayerZero’s interoperability rails, PYUSD is launching onto nine new chains, including Tron and Avalanche, in a strategic move to capture market share from native ecosystem stablecoins. According to an announcement on…
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PayPal is expanding its peer-to-peer payment system to allow U.S. users to send and receive cryptocurrencies directly within the PayPal app. PayPal has announced that it will soon allow U.S. users to send and receive crypto directly through its peer-to-peer…
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News
Kite, an AI-blockchain startup backed by PayPal Ventures and General Catalyst, has raised $18 million in Series A funding to build infrastructure for “agentic internet.” Kite, a blockchain startup focused on enabling communication between AI agents, has secured $18 million…
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News
Kraken has added PayPal as a funding option for U.S. users, enabling instant USD deposits with no bank details needed. The feature has seen over $1M in volume during an unpromoted soft launch. Kraken has launched PayPal as a new…
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PayPal is bringing its pay with cryptocurrency offering to merchants, with the fintech giant’s feature going live with initial support for over 100 cryptocurrencies. In an announcement, PayPal said “Pay with Crypto” aims to bring crypto payments mainstream and to…
Markets
PayPal’s stock is gaining momentum ahead of its Q2 earnings report, but beneath the surface, the company faces pressure as its PYUSD stablecoin loses ground
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News
PayPal’s Paxos-powered stablecoin, PYUSD is offering rewards for holders who hold at least 1 PYUSD in their Cryptocurrencies Hub. The stablecoin has also launched on the Arbitrum chain. According to the latest update on the payment firm’s cryptocurrency terms and…
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Understanding cryptocurrency has traditionally hindered adoption in Europe. OKX appears to have bypassed this hurdle by enabling purchases through a familiar, trusted platform: PayPal. On July 14, crypto exchange OKX announced a direct integration with PayPal, allowing users across the…
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Kraken’s decade of payment rails, licenses, and liquidity is now being repurposed into a consumer app that could challenge PayPal, Wise, and Cash App at their own game. According to an announcement on June 26, crypto exchange Kraken has rolled…
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PayPal is set to bring its stablecoin PYUSD to the Stellar blockchain, pending regulatory approval. According to an official announcement, PayPal is bringing its stablecoin PayPal USD (PYUSD) to the Stellar (XLM) blockchain network, known for its speed and low-cost…
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Interviews
Stablecoins are emerging as a key building block for financial innovation, and Polygon is at the forefront. In this interview, we spoke with Aishwary Gupta, Global Head of Payments, Exchanges & Real World Assets at Polygon. We discussed the surging…
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Sequoia Capital's Roelof Botha was among the high-profile victims whose personal information was compromised in the recent Coinbase hack.
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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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