PayPal’s PYUSD Stablecoin Launches On Venmo
After announcing its new payment stablecoin last month, PayPal revealed on Wednesday that Paypal USD (PYUSD) is now available to Venmo users for transacting with peers. Initially available to “select…
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PayPal rolls out PYUSD stablecoin to Venmo users
The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo.
Paxos Affirms PYUSD Stability with New Transparency Report
Stablecoin issuer Paxos, in one of the latest developments, released the first transparency but unaudited report for the recently born Paypal USD, or PYUSD stablecoin, affirming the stability and reliability…
Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance
In October 2020, PayPal, the world-renowned digital payment platform, announced its foray into the cryptocurrency market. This landmark decision meant that the platform’s vast user base, consisting of hundreds of…
Bitcoin Miner F2Pool Returns to Paxos the Overpaid Transaction Fee Worth $510,000
Bitcoin miner F2Pool has successfully reversed a recent erroneous bitcoin transaction that resulted in an excessively high transaction fee of $510,000, almost 480,000 times the average network fee of $2.176.…
Crypto Biz: PayPal rolls out crypto ramps, Franklin Templeton joins BTC ETF race, and more
This week’s Crypto Biz looks at PayPal’s crypto gateway, Franklin Templeton’s BTC ETF filing, Coinbase’s Lightning Network integration, and Meta’s plans for a new AI model.
Paxos confirms it’s responsible for $500K mistaken Bitcoin transaction
The account that paid $500,000 to move $2,000 worth of Bitcoin was a Paxos server, the company stated.
PayPal PYUSD stablecoin is 100% backed: Paxos transparency report
The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.
PayPal enables US users to sell cryptocurrency via MetaMask wallet
PayPal continues expanding its digital asset services, integrating new methods to sell cryptocurrencies like Bitcoin.
European Central Bank Blasts PayPal in Push for its Own CBDC
On Sept. 4, Fabio Panetta, ECB Executive Board member at the Committee on Economic and Monetary Affairs of the European Parliament, said the central bank was nearing the end of…
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