Paxos Accidentally Mints 300 Trillion PYUSD
On October 15, the infrastructure provider for stablecoins, Paxos, inadvertently minted 300 trillion PYUSD for PayPal.PYUSD is a stablecoin issued by PayPal, pegged to the US dollar.
Paxos Accidentally Mints 300 Trillion PYUSD
On October 15, the infrastructure provider for stablecoins, Paxos, inadvertently minted 300 trillion PYUSD for PayPal.
PayPal to Integrate Bitcoin and Ethereum into P2P Payments
On September 15, payment giant PayPal launched a P2P service. Bitcoin, Ethereum, and the stablecoin PYUSD will soon be integrated into it.
PayPal to Launch Cryptocurrency Payments for US Businesses
On July 28, the payment service PayPal announced the launch of cryptocurrency payments for businesses in the United States. The Pay with Crypto feature will support over 100 assets, ranging from Bitcoin to Fartcoin. Tired: Paying high transaction fees for international payments. Wired: Reducing costs up to 90% by offering pay with crypto for payments. […]
SEC Drops Investigation into PayPal’s Stablecoin
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the PYUSD stablecoin from payment giant PayPal. The regulator informed the company of the closure of the inquiry without any claims or penalties. PayPal received a request from the SEC for documents regarding the “stablecoin” in November 2023. At that time, company representatives […]
PayPal to Introduce Rewards for PYUSD Holders
Payment service PayPal is set to launch a rewards program for holders of the PYUSD stablecoin in the United States to boost its popularity. This was announced in the company’s blog. American users will be offered an annual rate of 3.7% on PYUSD deposits in PayPal or Venmo. Interest in stablecoins is planned to be […]
PayPal to Enhance PYUSD Stablecoin Features for Businesses
Payment giant PayPal plans to integrate its stablecoin PYUSD into more of its products for small and medium-sized businesses by the end of the year, according to Bloomberg. Michelle Gill, head of the company’s small business and financial services division, clarified that the goal is to simplify payments between more than 20 million entrepreneurs and […]
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 […]
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.
Venmo adds support for PayPal’s stablecoin
The PayPal-owned mobile payments service Venmo has added support for its US-dollar pegged stablecoin PYUSD.We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.