The payments giant is integrating PYUSD, USDG and FIUSD into its network, expanding stablecoin payments and settlements for consumers and merchants.
The Fortune 500 fintech provider plans to roll out its digital asset platform with U.S. dollar stablecoin FIUSD to 10,000 institutions and 6 million merchants.
PayPal USD (PYUSD) plans to use Stellar for new payments and remittance use cases, as well as bringing PayFi options to millions of users and merchants.
At Consensus 2025, leaders from PayPal and MoneyGram pointed to regulation, real-world utility and trust as keys to stablecoin growth.
The SEC subpoenaed PayPal in late 2023 over its dollar-backed stablecoin.
The partnership is another sign of stablecoin issuers jockeying for market share as regulation in the U.S. is advancing.
Payment giant PayPal is rolling out a new rewards initiative that will allow US users holding its PYUSD stablecoin to earn up to 3.7% interest annually, according to an April 23 statement. The program will begin this summer and be available across both PayPal and Venmo platforms. PYUSD reward program PYUSD is a US dollar-backed […]
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The move is meant to increase adoption of PYUSD amid growing competition in the stablecoin market
The move expands PayPal and Venmo users’ access to major cryptocurrencies amid growing regulatory clarity in the U.S.
The fundraising was completed using PayPal's PYUSD stablecoin and was led by Paradigm.
The company aims to bring digital gift cards on-chain, turning them into a “programmable retail currency.”
Traditional financial giants Bank of America and PayPal are making bold moves in the stablecoin sector, signaling the rising institutional interest in the sector, which is worth over $200 billion. On Feb. 26, reports emerged that the Bank of America would introduce a stablecoin once the US regulatory landscape became apparent. At the same time, […]
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Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform.
MoonPay is reportedly looking to acquire Helio Pay for around $150 million, adding to the crypto firm’s merchant service offerings.
New US “crypto czar” David Sacks is very bullish on Solana and is among investors of SOL-related investment firm Multicoin Capital.
The partnership is designed to expand access to PYUSD in Asian and African markets, PayPal said.
Jesse Pollak, the creator of the Ethereum layer-2 network Base, expects the Coinbase Wallet feature to be available for users in 50 countries by the end of 2025.
By accepting crypto for taxes and other local municipal payments, Detroit would become the largest city in the United States to accept crypto for payments. The program is scheduled to start in the middle of 2025, according to Detroit’s local officials. The initiative would be expected to run on a secure platform managed by PayPal. […]
Detroiters will soon be able to pay their taxes and other city fees with crypto through PayPal, according to a Thursday announcement from Detroit’s Office of the Treasury.
Trading platforms and regulators are increasingly embracing cryptocurrency as collateral for trades.
As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.
In 2020, PayPal began allowing individual retail customers to buy, sell, and hold crypto directly from their PayPal and Venmo accounts.
On Wednesday, PayPal announced that it is enabling US merchants to buy, hold and sell cryptocurrency directly from their business accounts. This new functionality aims to increase the utility of digital currencies and make it easier for users and merchants to deal with crypto assets in their businesses. New Features Allow Easier Crypto Management Jose […]
Ethereum (ETH) is not the best solution for payments, according to PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies (BCDC) unit, Jose Fernandez da Ponte. Ethereum Falls Short For Payment Purposes Speaking at the Solana Breakpoint 2024 conference, Ponte brought attention to Ethereum’s inability to handle a high volume of transactions as a key […]
The news could signal a renewed interest from traditional payment platforms in cryptocurrencies and blockchain technologies.
The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth.
Institutional crypto custodians like Coinbase offer competing rewards programs.
Analysts forecast $300 to $1,000 SOL, but network data suggests that a rally to $190 is a more realistic expectation.
Online payment company PayPal is set to integrate its PayPal USD stablecoin (PYUSD) into the Solana (SOL) blockchain, which is increasingly becoming the preferred choice for memecoin issuers. This move follows the successful launch of PYUSD on the Ethereum (ETH) blockchain and its subsequent addition to PayPal’s Venmo peer-to-peer (P2P) payments service. According to Bloomberg, […]
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.