PayPal | ForkLog

ForkLog 22 09.07.2024

PYUSD Market Capitalisation Surpasses $500 Million Following Solana Integration

The total market capitalisation of PayPal USD (PYUSD) stablecoins has exceeded $500 million, according to DeFi Llama. This milestone was achieved following the addition of support for Solana. Over the past month, the figure has risen from $270 million to over $531.9 million. The increase in PYUSD supply followed its expansion to the Solana network […]

AI translated

ForkLog 70 23.04.2024

PayPal to Encourage Eco-Friendly Bitcoin Mining

The PayPal Blockchain research team has proposed a solution aimed at accelerating the transition of Bitcoin miners to clean energy sources. In collaboration with EnergyWeb, the payment company’s specialists have developed a platform offering “crypto-economic incentives” to environmentally friendly Bitcoin miners. These “green miners” will be accredited with specially marked public keys. It is anticipated […]

AI translated

ForkLog 33 04.04.2024

PayPal Expands PYUSD for International Transactions

On April 4, the payment company PayPal announced the launch of its cross-border payment and transfer service, Xoom. Eligible U.S. customers can now convert PayPal USD to USD to fund transfers on Xoom, PayPal’s cross-border money transfer service. This new option allows eligible U.S. Xoom users to send money to friends and family abroad with […]

AI translated

ForkLog 19 11.01.2024

Aave Community Backs Integration of PayPal’s PYUSD Stablecoin

99.99% of voters supported the integration of PayPal’s PYUSD into the DeFi platform Aave’s pools, achieving the necessary quorum. The initiative was overwhelmingly backed. Source: Aave. The vote commenced on December 18 and will conclude on January 11 at 8:21 UTC. The initiative followed a December decision by the decentralized exchange Curve to list PYUSD. […]

AI translated

ForkLog 13 02.11.2023

SEC opens investigation into PayPal’s stablecoin

PayPal said it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) related to the PYUSD stablecoin.

AI translated

ForkLog 15 29.09.2023

PayPal files patent application for NFT marketplace

The payments giant PayPal sent for registration four patent applications for NFT-related solutions, L2 and the metaverses.

AI translated

ForkLog 14 21.09.2023

Venmo adds support for PayPal’s stablecoin

The PayPal-owned mobile payments service Venmo has added support for its US-dollar pegged stablecoin PYUSD.

AI translated

ForkLog 67 19.09.2023

What is PayPal’s PYUSD stablecoin?

An explainer on PayPal’s PYUSD stablecoin.

AI translated

ForkLog 22 18.09.2023

Tether cofounder assesses PayPal’s stablecoin prospects

The stablecoin PYUSD from PayPal is unlikely to bring much innovation, but could potentially provide the company with additional profit. This was stated in an interview with CoinDesk by Tether co-founder William Quigley.

AI translated

ForkLog 21 13.09.2023

Paxos confirms 100% backing of PayPal’s PYUSD stablecoin

As of August 31, the total value of assets on PayPal's account equals or exceeds the PYUSD token balance, according to a Paxos report.

AI translated

ForkLog 21 12.09.2023

PayPal launches crypto-to-cash conversion service

The payments giant PayPal added an off-ramp feature to convert digital assets into US dollars directly via wallets.

AI translated

ForkLog 14 31.08.2023

Coinbase adds support for PayPal’s stablecoin PYUSD

On August 31 at 12:00 (Kyiv/MSK), the cryptocurrency exchange Coinbase listed PayPal's PYUSD stablecoin.

AI translated

#PayPal