PayPal launches a PYUSD Savings Vault on Spark as deposits target $1 billion
TL;DR PayPal launches PYUSD Savings Vault on Spark for 4.25% APY. Targets $1B in deposits via onchain yield from DeFi strategies. Yield sourced from Spark’s protocol
paypal (Latest Publications)
YouTube Rolls Out PYUSD Payments for U.S. Content Creators
TL;DR YouTube has enabled an option for U.S. creators to receive payments in PYUSD, using PayPal’s existing payment infrastructure. The integration boosts adoption of the stablecoin,
PayPal Exec Joins Securitize as Firm Says U.S. Is Ready for Tokenized Stocks
Securitize has strengthened its legal leadership with the hiring of Jerome Roche, the former PayPal strategist who helped the firm’s foray into blockchain and oversaw the
PayPal’s PYUSD Emerges as Leading Stablecoin in Recent Market Cycle
TL;DR PYUSD’s market capitalization tripled from $1.2 billion in September to $3.8 billion in December. With this growth, PayPal’s stablecoin is positioned as the sixth-largest in
Crypto Users Question PayPal’s $1M Bitcoin Sweepstakes, Fearing Marketing Gimmick
TL;DR PayPal launched a $1.386 million Bitcoin sweepstakes active through December 21, offering 1,008 weekly prizes for U.S. users. The program grants one entry for every
PayPal Exec: ‘Pay with Crypto’ Opens Checkout to Millions of Digital Asset Holders
TL;DR PayPal’s new service lets merchants accept over one hundred digital assets. The company instantly converts crypto into fiat for all merchants. Merchants receive stable value,
PayPal Relaunches in UK With Expanded Payment and Loyalty Services
PayPal announced today the relaunch of its services in the United Kingdom after nearly two years, introducing a comprehensive suite that includes debit, credit, and loyalty
PYUSD Surges Ahead as Paypal’s Stablecoin Defies the Odds
TL;DR PayPal USD (PYUSD) has reached sixth place among stablecoins, with $2.761 billion in circulation in a $308 billion market. Issued by Paxos and backed by
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
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
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