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Pyusd

All articles tagged with #pyusd

business1 month ago•23 min saved

Stripe-PayPal deal could accelerate blockchain money adoption, Polygon exec says

A rumored Stripe-Advent bid to acquire PayPal could accelerate the move of money onto blockchain rails, with Polygon Labs' Aishwary Gupta predicting most money will be on-chain in coming years. The report also notes the Open USD (OUSD) stablecoin and PYUSD-related developments, while analysts offer mixed views on the deal’s impact beyond boosting stablecoin ambitions. PayPal shares rose on the rumor, and observers say Stripe could advance its goals without owning PayPal.

via The Block|

#business #open-usd #paypal

cryptocurrency3 years ago•1 min saved

Coinbase and PayPal Join Forces to List PYUSD Stablecoin

Coinbase has added PayPal's new stablecoin, PYUSD, to its listing roadmap, indicating that users may soon be able to trade the digital asset on the exchange. PYUSD aims to maintain a 1:1 peg with the US dollar and is built on Ethereum. PayPal customers can buy and sell PYUSD through the PayPal app and website, and convert it to other cryptocurrencies. The stablecoin is issued and held in custody by Paxos Trust Company. Coinbase CEO Brian Armstrong has expressed the exchange's goal of listing as many crypto assets as possible, as long as they meet the company's standards.

via The Daily Hodl|

#coinbase #cryptocurrency #listing-roadmap

cryptocurrency3 years ago•2 min saved

PayPal Launches Exclusive Cryptocurrencies Hub for Select Users

PayPal has introduced a new feature called Cryptocurrencies Hub, allowing select users to hold and interact with Bitcoin and other cryptocurrencies in their PayPal accounts. The service will enable users to buy, sell, and convert between cryptocurrencies and PayPal's stablecoin, PayPal USD (PYUSD). However, access to the feature will be limited, and users must meet certain eligibility criteria. The launch of PYUSD has sparked mixed reactions, with some seeing it as a potential catalyst for Ethereum's mainstream adoption, while others express concerns about centralization and control of assets.

via Cointelegraph|

#bitcoin #cryptocurrencies-hub #cryptocurrency

cryptocurrency3 years ago•2 min saved

PayPal Plans to Integrate PYUSD into DeFi Ecosystem

PayPal's senior vice president of blockchain, crypto, and digital currencies, Jose Fernandez da Ponte, reveals in an interview that the company plans to make its stablecoin, PYUSD, available on decentralized finance (DeFi) platforms in the future. Currently, PYUSD can only be obtained through the PayPal wallet, but the intention is to distribute it on major exchanges. The stablecoin is already compatible with Ethereum wallets as an ERC-20 token and is fully backed and compliant with New York regulations.

via The Daily Hodl|

#cryptocurrency #defi #ethereum