SEC issues subpoena to PayPal over its PYUSD stablecoin

A spokesperson for PayPal confirmed to Reuters that the company had received a subpoena tied to its U.S. dollar stablecoin. Payments giant PayPal received an investigative subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its stablecoin tied to…

113 +

PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin

Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday.

39 +

PayPal faces SEC action related to PYUSD stablecoin: Official

PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August.

142 +

PayPal's PYUSD Represents Beginning of Stablecoin Evolution: Ex-ARK Invest Crypto Lead

PayPal stablecoin PYUSD is just tip of iceberg, says Chris Burniske

115 +

PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.

182 +

PayPal's PYUSD Stablecoin: Unexpected Way It Will Outearn USDC and USDT

PayPal's stablecoin offers its own model for profit-making

140 +

PayPal launches its stablecoin: What it means for Shiba Memu presale

Key takeaways PayPal launched its stablecoin pegged to the US Dollar earlier this week.   Shiba Memu’s presale has now raised more than $1. 7 million.   PayPal, one of the leading payment service providers in the world, announced earlier this week that it had launched its stablecoin.

204 +

PayPal’s Stablecoin Is a Watershed Moment for Finance

Until now, most of crypto’s big innovations have been for crypto-natives. PayPal’s stablecoin is different, says Austin Campbell, the former head of Portfolio Management at Paxos.

170 +

Ripple’s CTO Weighs In: Is PayPal’s New Stablecoin Safe Or A Centralization Nightmare?

In the fast-paced domain of cryptocurrencies, industry giants are constantly seeking ways to advance and adapt. San Jose-based payment platform, PayPal, has been no exception to this trend. The company’s recent introduction of its own stablecoin, PayPal USD (PYUSD), signals a landmark move in its journey within the cryptocurrency sector. The launch, however, was quickly […]

262 +

PayPal Launches PYUSD Stablecoin: Guide to What We Know So Far

U.S.-based fintech heavyweight PayPal becomes first Web2 major to launch its own native USD-pegged stablecoin

44 +

BREAKING: Did Solana Miss A Golden Opportunity To Collaborate With PayPal’s PYUSD Stablecoin?

Reports indicate that PayPal’s stablecoin, PYUSD, was originally intended to be launched in collaboration with FTX on the Solana blockchain in 2022.   However, unforeseen circumstances led to a sudden suspension of these plans.

160 +

Former SEC Official Reacts to PayPal’s Decision to Ditch Its Stablecoin

An ex-SEC official says it was “blatantly obvious” for PayPal to ditch its stablecoin

161 +

PayPal puts its stablecoin project on hold

Payments giant PayPal has paused work on a potential upcoming stablecoin, Bloomberg News reported on February 10. The post PayPal puts its stablecoin project on hold appeared first on CryptoSlate.

221 +

PayPal Aborts Stablecoin Project As Regulators Step Up Crypto Probe

Based on reports from various news outlets, PayPal has apparently decided to abort the launch of its stablecoin that was expected to be unveiled in the upcoming weeks, despite releasing its 2022 fourth quarter ffinancial results on Thursday.

638 +

PayPal stablecoin: What it could mean for payments

PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin.

115 +

PayPal is exploring the possibility of launching its stablecoin, but here's the catch

PayPal is a global e-commerce payments platform founded in 1998 by Peter Thiel, Luke Nosek, and Max Levchin. It was originally known as Confinity Inc. The U.S.-based software service merged with Elon The post PayPal is exploring the possibility of launching its stablecoin, but here's the catch appeared first on AMBCrypto.

272 +

PayPal Reportedly Discussing Its Own Stablecoin

Online payment operator PayPal is hitting the newswire today, reportedly discussing the creation of their own fiat-backed stablecoin. Adoption of broader mainstream crypto within major companies continues to grow, exemplified by this and other recent company discussions, such as eBay CEO Jamie Lannone discussing new potential payment options and potential utilization of NFTs in recent […]

390 +

PayPal Is Reportedly Exploring Issuing A Stablecoin

Last fall, the world’s largest payments processor PayPal partnered with Paxos to allow users to buy, hold and sell bitcoin, ethereum, litecoin, and bitcoin cash — and the demand for its crypto service has so far exceeded the company’s expectations.

231 +

Payments Giant PayPal Now Reportedly Working on its Own Stablecoin

PayPal continues to integrate crypto deeper and deeper into its system as it explores the different potential of digital currencies. The post Payments Giant PayPal Now Reportedly Working on its Own Stablecoin first appeared on BitcoinExchangeGuide.

156 +

Paxos seeks approval to become fully-regulated crypto bank

The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels.

114 +

PayPal’s Bitcoin Adoption Expands PAX Stablecoin by $100 Million

149 +

First Mover: PayPal Rushes in and Bitcoin Breaches $12K, While USDC Gains on Tether

PayPal gets conditional N.Y. state license for crypto. Bitcoin prices shoot past $12K. Dollar stablecoin USDC grabs market share from tether.

202 +

PayPal to Reportedly Offer Crypto Trading Through Paxos Partnership

PayPal reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.

129 +

Paypal Pullout Prompts Pornhub to Add Tether as Payment Option for Its Adult Models

The porn industry is seen by many as a perfect fit for widespread cryptocurrency usage as it suffers from financial censorship far more than most businesses. When Paypal stopped servicing Pornhub models, the company hinted it might turn to digital currency as an alternative and now this has been accomplished with the Tether stablecoin USDT.

244 +

Pornhub adds support for Tether following PayPal’s ban last year

Pornhub, a leading adult entertainment website, recently began supporting a new cryptocurrency payment method after PayPal ended support for the company’s models last year. Pornhub’s management notes that it will now accept major stablecoin Tether, which maintains a one-to-one peg with the US dollar and currently has a market capitalization of over $4.

178 +

Pornhub Adds Tether Stablecoin as New Crypto Payment Option

Pornhub adds Tron-based USDT as an alternative payment option to PayPal, which abruptly stopped servicing its models in late 2019

126 +

Pornhub Now Lets Models Get Paid With the Tether Stablecoin

Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after being apparently dropped by PayPal.

157 +

Regulatory Backlash Against The Libra Association May See Founding Member PayPal Exit

Not only is Facebook’s cryptocurrency Libra is facing a backlash from regulators, but there is also news that PayPal is very close to leaving the 28-company coalition meant to help Libra gain legitimacy and come to fruition.

164 +

PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

PayPal reportedly cautious about the fate of Facebook’s planned stablecoin Libra

134 +

Facebook’s stablecoin might bring ‘whole different way that doesn’t rely on social network in China’

Social media giant Facebook’s ambitious cryptocurrency project with some big names as partners has garnered significant attention. Facebook signed a dozen companies including big shots like Uber, PayPal, and Visa for the much-hyped stablecoin.

160 +

CNBC’s Ran NeuNer turns 180 on Facebook’s GlobalCoin; calls Zuckerberg an ‘unelected dictator’

The crypto-market has long been preparing to welcome Facebook and its pet crypto-project. The social media giant continues to expand its reach after receiving backing from Visa, Mastercard, PayPal, and Uber.

207 +

Secret Sources Say Facebook Could Unveil Its Crypto Stablecoin As Soon As The Third Quarter

Anonymous Sources Believe Facebook Could Unveil Its Stablecoin As Soon As The Third Quarter In a recent article released by Bloomberg on May 8, they informed that anonymous sources believe that Facebook could release its stablecoin as soon as Q3, 2019.

184 +

Facebook’s Secret Cryptocurrency Led by PayPal Alumni Just ‘Months Away’ from India Launch

By CCN: Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well as integrating with major e-commerce players.

239 +

Havven, Already On Ethereum, Readying Stablecoin For Use On EOS

Havven, an Ethereum blockchain-based cryptocurrency payment network designed to function like PayPal or credit card networks, is now attempting to gain traction with its stablecoin.

131 +

PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

421 +

PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

341 +

Yes, Stablecoins Can Secure Official Audits from Major Firms

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.

643 +