PayPal launched its U.S. dollar-backed, Ethereum-built stablecoin in August 2023.
Category: Paypal
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PayPal rolls out PYUSD stablecoin to Venmo users
The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo.
Crypto Biz: PayPal rolls out crypto ramps, Franklin Templeton joins BTC ETF race, and more
This week’s Crypto Biz looks at PayPal’s crypto gateway, Franklin Templeton’s BTC ETF filing, Coinbase’s Lightning Network integration, and Meta’s plans for a new AI model.
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated.
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.
PayPal enables US users to sell cryptocurrency via MetaMask wallet
PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin.
PayPal’s PYUSD struggles with early adoption — Nansen
PayPal’s stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture.
PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’
Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.
Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
This week’s Crypto Biz explores Binance Connect shutdown, BitGo’s funding round, PayPal Crypto Hub, and other news.
Ledger announces U.S. PayPal integration, lets users buy crypto from within app
Through the new integration, verified PayPal users in the United States will be able to buy BTC, ETH, BCH, and LTC directly through Ledger Live.