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On Thursday, Paypal disclosed that users of Xoom now have the capability to utilize the company’s stablecoin PYUSD for conducting international cross-border transactions. Beginning on April 4, this feature was made accessible to users in the U.S., enabling them to transfer PYUSD to beneficiaries across roughly 160 countries worldwide. Paypal’s Xoom Adds PYUSD Cross-Border Transfers … Read more
In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency market upswing, PYUSD has shown minimal activity … Read more
PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider. Go to Source
PayPal launched its U.S. dollar-backed, Ethereum-built stablecoin in August 2023. Go to Source
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. Go to Source
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
PayPal has launched its own stablecoin, dubbed PayPal USD (PYUSD). The coin is only available to American customers. Go to Source
