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A Comprehensive Look at the New Paypal Stablecoin, Its Control Dynamics, and ‘Freeze’ Option Trending on Social Media
8.8.2023
At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the contract continues to retain a substantial 92.91%...
CPI report may show uptick in US inflation — How will Bitcoin price react?
8.8.2023
Bitcoin price remains range bound as equities, gold and US Treasuries offer competitive rates with reduced risk. This week’s CPI report could shake things up
PayPal’s New Stablecoin and the ‘2 Wolves’ Inside Crypto
8.8.2023
Paxos Has Other 'White Label' Stablecoin Opportunities in the Works in Addition to PayPal USD
8.8.2023
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
Bitcoin, Ethereum Technical Analysis: BTC Nears 1-Week High, as Paypal Launches USD Stablecoin
8.8.2023
Bitcoin rebounded on Tuesday, following the news that Paypal was launching a USD stablecoin on the ethereum blockchain. The company hopes the move will bridge the gap between fiat and cryptocurrencies for all of its stakeholders. Ethereum was marginally higher today. Bitcoin Bitcoin (BTC) was back...
First Mover Americas: Market Doesn't React Much to PayPal Stablecoin
8.8.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’
8.8.2023
Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated, stablecoins “hold promise as a pillar of...
PayPal introduces PYUSD, new stablecoin
8.8.2023
PayPal has introduced its stablecoin to the community. It goes by the symbol PYUSD. PayPal’s stablecoin is backed by the US Dollar with a value equivalent to the fiat currency. Meaning 1 US Dollar translates to 1 PYUSD. The stablecoin will roll out in the days to come; however, the community...
Bitcoin, Ether Flat as PayPal USD Report Fails to Ignite Market; SHIB Finds Support
8.8.2023
Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain’s avax (AVAX) fell 1.5% to lead losses among major tokens
Fake PayPal USD Tokens Pop up on Several Blockchains
8.8.2023
Some of these tokens can’t be sold after purchase, while some can "pull the rug" at any moment
PayPal stablecoin launch sparks wave of fake PYUSD tokens
8.8.2023
Nearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement
Paypal USD: Boon for Ethereum but not decentralization, says community
8.8.2023
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 CBDC
PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos
7.8.2023
“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert
Crypto News Today: PayPal's Stablecoin Debut, Worldcoin's Kenyan Hurdles, and More
7.8.2023
From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy
I Have 1M Questions About the PayPal Stablecoin. Here Are 5
7.8.2023
Paypal’s New Stablecoin Sparks Confusion: Wave of Counterfeit Tokens Flood Decentralized Exchanges
7.8.2023
Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of PYUSD’s token address by Paypal or Paxos...
Global Payment Firm PayPal Launches Crypto Stablecoin – How Does it Work?
7.8.2023
Global digital payments giant PayPal Holdings Inc. is stepping into the stablecoin market.
The fintech behemoth, which was founded more than 25 years ago, is set to become the first major financial institution to launch its own US dollar-backed stablecoin, which will be called PayPal USD (PYUSD)....
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
7.8.2023
Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD...
Breaking: Paypal launches stablecoin for payment
7.8.2023
Payment processing giant PayPal started crypto payments in March 2021 and since then has been actively involved in the crypto payment sector
PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum
7.8.2023
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust