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. Go to Source
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PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’
Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin. Go to Source
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. Go to Source
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. Go to Source
PayPal UK to halt Bitcoin purchases until early 2024
PayPal will temporarily halt crypto purchases in the United Kingdom starting from Oct. 1, 2023, expecting to re-enable the service in early 2024. Go to Source
Analysts tip 5 catalysts that could break Bitcoin, crypto from its stupor
Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets. Go to Source
What is PayPal USD, and how does it work?
PayPal has launched its own stablecoin, dubbed PayPal USD (PYUSD). The coin is only available to American customers. Go to Source
PayPal to roll out Cryptocurrencies Hub for select users
The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of cryptocurrencies among other functionalities. Go to Source
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram. Go to Source
US House Financial Services Committee leadership takes opposing sides on the PayPal stablecoin
Rep. Maxine Waters said she was “deeply concerned” about the PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it “hold[s] promise”. Go to Source
