FV Bank now offers Paypal's PYUSD stablecoin for real-time transactions, enhancing cross-border payments. This move broadens FV Bank's stablecoin services for direct deposits and payments.
PayPal's partnership with Xoom introduces PYUSD stablecoin for cross-border payments, expanding into Asian and African markets.
PayPal plans to expand the accessibility of its stablecoin, PYUSD, in Asian and African markets through a partnership with Xoom, aiming to transform cross-border transactions.
PayPal partners with Xoom to expand PYUSD stablecoin accessibility in Asian and African markets.
PayPal's PYUSD stablecoin enables cross-chain transfers between Ethereum and Solana through LayerZero integration, marking a significant step in digital finance.
The stablecoin market value fell by 2.7%, impacted by PYUSD's market cap decline and decreasing rewards. Despite a substantial supply increase since 2019, specific stablecoins are facing setbacks.
Mishaboar, a Dogecoin community member, warns investors about the risks of stablecoins like USDT, USDC, and PYUSD, cautioning potential losses.
Fireblocks and Paxos are launching a $1 million grant program to boost the adoption of PayPal's PYUSD by encouraging businesses to develop PYUSD applications on Fireblocks' platform.
Dogecoin insider Mishaboar warns against holding stablecoins like USDT, USDC, and PYUSD, citing inherent risks. He advises the community to consider Bitcoin, Litecoin, and Dogecoin as safer alternatives.
PayPal has announced a grant program offering one million dollars to developers creating use cases for its stablecoin, PYUSD.
Fireblocks launches a $1M grant program to encourage PYUSD developer adoption, providing up to $60,000 per project.
PYUSD, PayPal's stablecoin, has seen its market cap fall by 40% to $618 million, raising concerns about its future potential.
PayPal's PYUSD stablecoin has experienced a 40% decrease in market cap from its peak, largely due to the tapering of high-yield financial incentives from platforms like Kamino Finance. Initially launched in August 2023, the stablecoin struggled with adoption and is now facing regulatory challenges.
PayPal's PYUSD stablecoin market cap has dropped by 40% from its peak above $1 billion in August, primarily due to decreased yield payouts on platforms such as Kamino on Solana.
PayPal made its first corporate payment using its stablecoin PYUSD, marking a major step towards mainstream crypto adoption.
Paypal has completed its first corporate transaction using its PYUSD stablecoin, marking a significant step in digital currency adoption for cross-border payments.
PYUSD experienced an unexpected price surge on OKX, deviating from its usual stablecoin peg, prompting discussions about what caused this spike.
PYUSD's price fluctuated unexpectedly on OKX exchange, potentially due to market-making bot errors.
PayPal completed its first B2B transaction using the PYUSD stablecoin, partnering with Ernst & Young. The payment was executed via SAP's digital currency hub. PYUSD holds the 8th position among stablecoins with a $699 million market cap. PayPal aims to enhance digital asset capabilities for U.S. businesses.
PayPal has made the first corporate payment using stablecoin PYUSD to Ernst & Young, indicating a significant move towards digital finance in the corporate sector.
PayPal completes its first corporate transaction using PYUSD stablecoin with Ernst & Young, marking its entry into stablecoin business payments.
PayPal has completed its first business transaction utilizing its PYUSD stablecoin, marking a significant step in expanding its digital assets arm and encouraging the use of its stablecoin.
OKX has announced the listing of PayPal USD (PYUSD) for spot trading, with deposits starting on October 3, 2024. PYUSD is a stablecoin backed 1:1 by the U.S. dollar and is compatible with Ethereum and Solana blockchains.
OKX is launching PayPal USD (PYUSD), a stablecoin backed by the US dollar.
PayPal USD surged above $1 billion market cap but lost over $300 million in just four weeks. Can it recover soon?
Robinhood and Revolut are reportedly considering launching stablecoins, hoping to avoid PayPal's issues with PYUSD.
Robinhood and Revolut are exploring the possibility of launching their own stablecoin, following PayPal's PYUSD example.
PayPal enables US business accounts to buy, sell, and store cryptocurrencies, except in New York due to regulations. The move aims to broaden digital asset market access for merchants.