PayPal Betting Big on Stablecoins After Disclosing Q2 Results
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…
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Stripe and Advent Offer $53 Billion for Paypal: Here’s What It Means for Crypto Payments
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 Stablecoin Lands on Polygon With Built-In Compliance and Fiat Access
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 Leads Monthly Crypto Rally With 50% Surge as Tokenized Assets Pile In
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…
SEC Grants Paxos Historic Approval to Clear and Settle US Equities on Blockchain
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…
USDT Gains $5B as Rivals Shed $4.2B, Marking Increased Dominance
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…
FTC Warns Visa, Mastercard, Paypal, Stripe as Debanking Concerns Shake US Financial Access
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.…
Report: Paypal Expands PYUSD Stablecoin to Nearly 70 Countries, Targeting Global Payments
Paypal just turned its stablecoin into a global contender, pushing PYUSD into dozens of new markets in a single sweep. Paypal Broadens Crypto Push With PYUSD Rollout Across Emerging Markets…
Paypal and TCS Launch Blockchain Settlement Network for Transportation Sector
Paypal USD and TCS Blockchain have entered a strategic partnership to modernize the trucking industry’s payment infrastructure. Solving the Factoring Crisis Paypal USD (PYUSD) and TCS Blockchain have announced a…
Moonpay, M0, and Paypal Launch ‘PYUSDx’ to Power Application-Specific Stablecoins
Moonpay and the universal stablecoin platform M0 have introduced PYUSDx, a framework that allows developers to launch their own branded stablecoins backed by Paypal USD (PYUSD). Announced on February 27,…
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