July 24, 2024
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PayPal’s Stablecoin, PYUSD, Goes Live On Solana

PYUSD, the stablecoin launched by PayPal, has become available on Solana. Users can onramp PayPal’s stablecoin to Solana using Crypto.com, Phantom and Paxos, which is also the issuer of PYUSD.  Jose Fernandez da Ponte, PayPal’s senior vice president of blockchain, crypto and digital currencies, told Blockworks in an interview that the payments giant is interested

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PayPal Enables PYUSD to USD Conversions for International Money Transfers

PayPal is expanding international transfer options by enabling PYUSD to USD conversions. Global payment giant PayPal has announced that all United States users will be able to facilitate money transfers to friends and family abroad using USD converted from the PayPal USD (PYUSD) stablecoin. PYUSD is, however, not available to residents of Hawaii. PYUSD to

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Blockchain News

Coinbase Adds Trading Support for PayPal’s USD-Pegged Stablecoin, PYUSD

Coinbase, a renowned US cryptocurrency exchange, has added trading functionality for PayPal’s freshly launched US dollar-pegged stablecoin, PYUSD. Coinbase customers can purchase and sell PYUSD using the exchange’s website and mobile applications. PayPal USD (PYUSD), a stablecoin, is designed to maintain a 1:1 peg with the US dollar, giving consumers a secure and stable digital

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PayPal’s New Stablecoin: PYUSD’s Market Performance Reviewed

On August 7, PayPal took the fintech world by unveiling its stablecoin: PayPal USD (PYUSD). The coin, endorsed and issued through a partnership with Paxos, promised more than just a transactional token. It offered seamless transfers between PayPal accounts and compatible wallets, ushering in a new age for PayPal enthusiasts who wanted the dual convenience

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Blockchain News

Congresswoman Maxine Waters Criticizes PayPal’s Stablecoin Launch Amid Regulatory Concerns

Democratic Congresswoman Maxine Waters (D-CA) has criticised PayPal’s recent launch of its dollar-backed stablecoin, PYUSD. In her statement, Waters expressed concerns that PayPal proceeded with the stablecoin launch without waiting for federal regulatory approval, emphasizing the absence of a federal framework for regulation. Waters, a prominent House Financial Services Committee figure, highlighted her worry about

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PayPal Confident in Its Stablecoin Despite Sector Complexity

PayPal Holdings Inc (NASDAQ: PYPL) has entered the stablecoin domain, marked by the launch of its very own dollar-pegged digital asset, PayPal USD (PYUSD). This entrance has ignited a mix of eagerness and skepticism, underscoring the company’s audacious step into uncharted crypto waters. Championing Stablecoins: PayPal’s Vision José Fernández da Ponte, the Senior Vice President

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Blockchain News

PayPal’s Ethereum-Based Stablecoin Garners Mixed Reactions in Crypto Community

PayPal’s recent launch of the Ethereum-based stablecoin PYUSD has stirred excitement and concern within the crypto community, as it presents opportunities for mainstream adoption while raising questions about decentralization and personal asset control. The PYUSD stablecoin, issued by Paxos Trust Co., the same company behind Binance USD (BUSD), debuted on August 7, designed to facilitate

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