Quick Breakdown PayPal expands PYUSD to Stellar and eight new blockchains, introducing a permissionless version (PYUSD0) via LayerZero. Stellar integration offers low-cost, fast transactions with adoption in developing economies. Expansion comes as the stablecoin market heads toward $2 trillion, with PYUSD competing against USDT and USDC. LayerZero integration brings permissionless ...
PayPal’s stablecoin, PYUSD, has officially expanded to the Arbitrum blockchain while rolling out a new rewards program for users holding the token on its platform. According to an update on the payments giant’s cryptocurrency terms and conditions, PYUSD is now supported on Arbitrum alongside Ethereum and Solana. These three networks ...
Fiserv, a leading US fintech company, has announced plans to launch its own US dollar-backed stablecoin, called FIUSD, in partnership with PayPal and Circle to enhance digital asset services across its banking and payments network. The company aims to introduce FIUSD by the end of 2025, leveraging infrastructure from Paxos ...
PayPal is preparing to expand the utility of its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), by launching it on the Stellar blockchain network pending regulatory approval from the New York State Department of Financial Services (NYDFS). This strategic move aims to unlock broader real-world use cases by leveraging Stellar’s low-cost, ...
Mastercard and PayPal are teaming up to streamline the online and in-store checkout experience, offering consumers greater flexibility and control over their payment methods. Central to the initiative is Mastercard’s newly introduced “One Credential” — a single, unified digital identity that lets users manage multiple payment preferences without juggling different ...
The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into PayPal’s dollar-backed stablecoin, PYUSD, opting not to pursue any enforcement action. The decision was disclosed in a regulatory filing on April 29, marking a regulatory win for the payments giant. PayPal revealed that it had received a ...
PayPal and Venmo have integrated Solana (SOL) into their cryptocurrency offerings. This move allows users to buy, sell, and transfer SOL directly within the apps. The integration marks a significant step in the mainstream adoption of blockchain technology, particularly for Solana, which has gained attention for its high-speed transactions and ...
PayPal wants to boost the adoption of its USD-pegged stablecoin, PayPal USD (PYUSD), by integrating across its services. According to Bloomberg, the payment giant is planning to introduce PYUSD as an option for its over 20 million small to medium-sized merchants to pay vendors before the end of 2025. This ...
The residents of the U.S. city of Detroit will soon be able to pay taxes and other city fees using cryptocurrency, as the city’s Treasury Department plans to introduce crypto payment options by mid-2025. On November 7, the Department released a statement announcing a new initiative aimed at aligning with ...
David Marcus, former president of PayPal and current CEO of Lightspark, has publicly endorsed former President Donald Trump for re-election. In a post on the social media platform X, Marcus expressed his support for the Republican Party, stating that he had reached this decision after reassessing his views. Marcus, who ...
