PayPal Expands PYUSD to Solana Blockchain

PayPal's stablecoin, PYUSD, now operates on Solana, benefiting from its fast, low-cost transactions and expanding usability in finance. The post PayPal Expands PYUSD to Solana Blockchain appeared first on BeInCrypto.

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Paypal’s Xoom adds PYUSD as funding for cross-border money transfers

PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for […] The post Paypal’s Xoom adds PYUSD as funding for cross-border money transfers appeared first on CoinJournal.

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Paxos подтвердили полное обеспечение стейблкоина PYUSD от PayPal

По состоянию на 31 августа общая сумма активов на счете PayPal «соответствует или превышает баланс токенов PYUSD». Об этом говорится в отчете партнера эмитента — фирмы Paxos. На указанную дату в обращении было PYUSD на сумму в $44,4 млн.

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Kraken introduces support for PayPal’s stablecoin, PYUSD

Kraken announced on Aug. 18 that it had added support for PayPal’s stablecoin, also known as PayPal USD or PYUSD. The cryptocurrency exchange said that deposits and withdrawals of PYUSD are currently open and added that it will open trading on Aug.

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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 […]

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PayPal’s stablecoin has wallet freezing and wiping functions

An analysis of the smart contract of the just-launched PayPal stablecoin PYUSD revealed the presence of so-called “centralization attack vectors.” Smart contract security auditor Pashov pointed out in a recent Twitter thread that PYUSD’s contract has an ‘assetProtection’ role. It…

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Huobi будет поддерживать стейблкоин PayPal

Криптовалютная биржа Huobi «в скором времени» интегрирует недавно запущенный стейблкоин от платежного гиганта PayPal (PYUSD). Согласно пресс-релизу, листинг актива произойдет, когда «наладится рыночное обращение и созреют условия ликвидности».

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Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD

Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday.

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Прорыв или ужас централизации: что говорят о стейблкоине PYUSD от PayPal представители криптосообщества?

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DEXTools: Десятки фейковых PayPal USD плодятся сразу на нескольких блокчейнах

Мошенники пытаются обмануть ничего не подозревающих пользователей, извлекая выгоду из недавно запущенного стейблкоина PayPal USD. В сети уже появилось минимум 66 фейковых PYUSD.

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PYUSD Post-Launch: Exploring Mixed Reactions, Technology and Future

After PayPal's announcement of the release of its U.S.

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PayPal PYUSD Stablecoin Analysis Sparks Outrage – Is it Just a USDT and USDC Knockoff?

In a recent tweet, analyst Cygaar shed light on the intricacies of the PayPal stablecoin contract. One of the key points Cygaar highlighted was that the contract is written in an extremely old version of Solidity.

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Криптобиржа Huobi готовится к листингу стейблкоина PayPal USD

Команда криптовалютной биржи Huobi объявила, что скоро залистит стейблкоин PYUSD, о запуске которого ранее объявила компания PayPal.

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PayPal’s PYUSD Launch Triggers Calls For Stablecoin Bill

United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to pass the Stablecoin Bill in the wake of PayPal’s launch of its own stablecoin PYUSD.

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US official calls for stablecoin law amid PayPal’s PYUSD launch

Representative Patrick McHenry, the US House Financial Services Committee chair, endorsed PayPal’s stablecoin, PYUSD, as a key pillar for modern payments. The endorsement was given on Aug. 7, shortly after PayPal announced the stablecoin launch in partnership with Paxos. In…

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PayPal USD Debut: Why Its New Stablecoin Is Triggering Apprehension

PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such as “purchasing, vending, retaining, and transferring” the token using the payment processor’s interface.

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Мошенники уже зарабатывают на стейблкоине PayPal

Рынок наводнили фейковые монеты, которые мошенники выдают за стейблкоин популярной платежной системы PayPal. Рассказываем, как отличить настоящий токен от мошеннического. 7 августа одна из крупнейших платежных систем PayPal объявила о запуске собственного стейблкоина на базе Ethereum — PayPal USD (PYUSD).

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Платёжная система PayPal представила собственный стейблкоин PYUSD. Как это скажется на рынке криптовалют?

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Ripple CTO Defends PayPal's New Stablecoin Security Feature

PayPal's launch of its own stablecoin, PayPal USD (PYUSD), has sparked debates around security and centralization, with Ripple's CTO David "JoelKatz" Schwartz stepping into the fray to shed light on its features

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PayPal stablecoin launch sparks wave of fake PYUSD tokens

Nearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement.

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Could PayPal’s Stablecoin Enhance Ethereum as the Money Layer of the Internet?

PayPal has announced the launch of a new dollar-pegged stablecoin, PYUSD, on the Ethereum network. The move has been largely welcomed by the crypto community, despite some concerns over centralization.

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US Congressman McHenry Praises Stablecoins, Calls Them Vital To 21st-Century Payments

In a notable move that highlights the growing acceptance and potential of stablecoins in modern payment systems, PayPal has announced the launch of its payment stablecoin PYUSD.  This development comes shortly after the House Financial Services Committee passed the Clarity for Payment Stablecoins Act, a bipartisan legislation that paves the way for regulated stablecoin issuers, […]

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PayPal USD: Boon for Ethereum but not decentralization, says community

Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed central bank digital currency.

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House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system.

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PayPal USD Stablecoin: A New Age for Web3 Payments

PayPal announces PYUSD, its own U.S. dollar-backed stablecoin, aiming to enhance digital payments. Bridging fiat and web3, PYUSD promises broad applications. The post PayPal USD Stablecoin: A New Age for Web3 Payments appeared first on NFT News Today.

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PayPal запустил собственный стейблкоин PYUSD

Платежный гигант PayPal объявил о запуске «стабильной монеты» PayPal USD (PYUSD). Эмитентом выступает инфраструктурная компания Paxos. Согласно сообщению, актив полностью обеспечен «депозитами в долларах США, краткосрочными казначейскими векселями и аналогичными денежными эквивалентами».

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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.

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PayPal ventures into stablecoins with launch of PYUSD

PayPal has introduced its stablecoin, PayPal USD (PYUSD), marking its latest foray into digital currency. A global payment platform PayPal launched its own stablecoin on August 7, PayPal USD (PYUSD), making it the first large financial company to do so.…

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PayPal Announce Launch of Its Stablecoin PYUSD in Partnership With Paxos

PayPal has announced the launch of its stablecoin PYUSD, backed by the US dollar and short-term treasuries, in partnership with Paxos. The post PayPal Announce Launch of Its Stablecoin PYUSD in Partnership With Paxos appeared first on BeInCrypto.

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PayPal stablecoin PYUSD launches on Ethereum

In a move signaling the significant shift towards digital currencies, PayPal has announced the launch of its U. S. dollar-backed stablecoin – PayPal USD (PYUSD). This development, announced by PayPal directly, adds a new dimension to the emerging potential of regulated, fully-backed stablecoins in transforming payments in digitally native environments like web3.

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PayPal launches US dollar stablecoin PYUSD

PayPal (NASDAQ: PYPL) has today announced a US dollar-backed stablecoin dubbed PayPal USD (PYUSD). According to a press release the payments giant published on Monday, PayPal USD will be issued by Paxos Trust Co.

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BREAKING: PayPal Unveils Dollar-Backed Stablecoin On Ethereum

According to a press release, payment company PayPal launched a U.S.-backed stablecoin called PayPal USD (PYUSD). The digital asset is supported by short-term US treasuries and their cash equivalents, and other assets in the nascent sector, such as Tether (USDT) and USD Coin (USDC), are redeemable on a 1:1 parity for its underlying. Related Reading: […]

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PayPal Introduces PYUSD Stablecoin in Collaboration with Paxos

PayPal USD is 100% backed by U.S.

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Breaking: PayPal launches PYUSD stablecoin for payment

Payment processing giant PayPal launched crypto payments in 2020 and has since been actively involved in the sector.

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Breaking: PayPal Launches Its Own Stablecoin

PayPal, renowned global payments leader, has launched its own digital stablecoin, PayPal USD (PYUSD), stepping up its involvement on cryptocurrency market

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