Paxos Accidentally Mints 300 Trillion PYUSD: What Happened?
TL;DR Paxos accidentally minted 300 trillion PayPal PYUSD tokens and sent them to an inaccessible address 22 minutes later. PYUSD maintained its dollar peg, dropping temporarily
paypal (Latest Publications)
New Partnership Between Stable and PayPal Enhances PYUSD Interoperability
TL;DR PayPal Ventures has invested in Stable, a layer-one blockchain, and integrated PYUSD for payments, transfers, and commerce in emerging markets. The integration allows PYUSD to
PayPal’s PYUSD Launches on Tron and Stellar
TL;DR PayPal’s US dollar stablecoin PYUSD has officially expanded to both the Tron and Stellar networks, boosting its reach beyond Ethereum. The move connects PYUSD to
PayPal Launches ‘Pay With Crypto’ to Help Small Businesses Accept Digital Assets
TL;DR PayPal introduces ‘Pay With Crypto’ to let small businesses accept over 100 cryptocurrencies, converting them into its PYUSD stablecoin for lower fees and faster access
New Updates Reveal that PayPal Will Launch PYUSD on Arbitrum: Here Are the Clues
TL;DR PayPal will expand PYUSD to Arbitrum, adding a third network after its initial rollout on Ethereum and Solana. The integration aims to lower costs and
PayPal CEO Sees Cross-Border Payments as Key Use Case for Stablecoins
TL;DR PayPal CEO Alex Chriss emphasizes that stablecoins hold unique value for cross-border transactions, especially in underserved regions. He acknowledges that adoption in the US remains
PayPal Announces Plans to Launch PYUSD on Stellar Blockchain
TL;DR PYUSD Launch on Stellar: PayPal is set to transform digital payments by launching its stablecoin, PYUSD, on the Stellar blockchain, promising fast, low-cost cross-border transactions.
SEC Abandons Probe into PayPal’s Dollar-Pegged Stablecoin
TL;DR Regulatory Reprieve: The SEC has ended its probe into PayPal’s dollar-pegged stablecoin, PYUSD, clearing the way for the company to focus on advancing its digital
PayPal and Coinbase Remove PYUSD Fees to Boost Usage
TL;DR PayPal and Coinbase expanded their partnership to remove fees for operating with PYUSD on Coinbase and boost its adoption in regulated markets. The agreement includes
PayPal Introduces 3.7% Interest on its PYUSD Stablecoin
TL;DR PayPal will offer a 3.7% annual yield on PYUSD balances starting in the summer of 2025, with monthly payments in the same stablecoin. PYUSD is
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