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French and U.S. law enforcement have dismantled an international network of non-profit associations accused of using humanitarian aid appeals to divert over $2 million to Hamas’ military wing between 2020…
Ripple’s RLUSD added $82.1 million in a single day to hit a record $2.49 billion, leaving it roughly $248 million behind Paypal’s PYUSD, which is shrinking this year. A Near-Tie…
This week, payments juggernaut Paypal, alongside M0 and Moonpay, launched PYUSDx, a platform that allows companies to create their own stablecoin-based products. Moreover, Paypal’s Senior Vice President and General Manager…
PayPal has reported $486.4 billion in total payment volume for the second quarter on July 28, up 10% year over year. It also confirmed a reorganization that hands crypto its…
Payments processor Stripe and private equity firm Advent International have offered to buy Paypal for more than $53 billion, a 28% premium to Tuesday’s close. A deal would unite two…
PayPal’s US dollar-backed stablecoin, PYUSD, has launched on the Polygon blockchain through a native issuance by Paxos. The latest move allows businesses to use the token for cross-border payments through…
Stellar’s XLM token climbed more than 45% between June 15 and 18 as tokenized real-world assets piled onto the network. Backers pointed to newly enabled tokenized U.S. Treasuries and deepening…
Paxos has become the first blockchain-native firm to receive full SEC approval as a registered clearing agency, setting the stage for same-day settlement in traditional capital markets. SEC Opens Wall…
Tether’s USDT has expanded by over $5 billion in the past month, with competing stablecoins including USDC, USDe, and PYUSD shedding a combined $4.2 billion over the same period. Tether…
Federal regulators intensify scrutiny of payment giants, signaling potential enforcement over account restrictions that may conflict with consumer expectations and disclosed policies, raising stakes for Paypal, Stripe, Visa, and Mastercard.…