November 14, 2024 at 09:48 PM GST updated: November 14, 2024 at 12:58 PM 2 mins read News LayerZero’s integration with PayPal USD lets users transfer assets seamlessly across Ethereum and Solana without relying on intermediaries. The use of LayerZero’s OFT Standard enhances PYUSD’s flexibility, giving users more control over assets and smoother blockchain transitions….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 PayPal’s U.S. dollar-backed stablecoin, PayPal USD (PYUSD), has now integrated with LayerZero’s cross-blockchain bridging protocol. This development allows PYUSD holders to transfer assets between the Ethereum and Solana blockchains seamlessly. The integration leverages LayerZero’s Omnichain Fungible Token (OFT) Standard, which lets users manage assets without relying on centralized platforms…
Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a…
Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach…
PayPal PYUSD stablecoin is changing how businesses pay each other. The company just made its first corporate payment using PYUSD. This shows how digital currencies can make business transactions easier, especially across borders. Also Read: Solana-Based Popcat Hits New All-Time High: $2 Next? Unlocking Corporate Payment Potential with PayPal PYUSD Stablecoin and Ernst & Young…
Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first…
OKX exchange has opened the deposits of PayPal’s PayPal USD stablecoin. PayPal USD (PYUSD) is the sixth largest stablecoin in the market. The cryptocurrency market has seen a spur of activity in the last 24 hours. While the Uptober bull run has not begun yet, prices have declined. Meanwhile, cryptocurrency firm Ripple has reaffirmed its…
OKX has announced that PayPal’s USD-pegged PYUSD stablecoin will be listed for trading on its platform starting today, Oct. 3. The exchange stated that call auctions for PYUSD will run from 11 A.M. to 12 P.M. UTC, with spot trading commencing immediately after. However, users will not be able to withdraw the stablecoin until 10…
Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in digital currencies, including the launch of Paypal USD (PYUSD) and its integration with…
September 26, 2024 at 11:20 AM GST 2 mins read News PayPal now allows U.S. business clients to buy, hold, sell, and transfer cryptocurrencies on-chain, excluding New York State. Business demand for crypto services led PayPal to expand its offerings, matching features available to retail users since 2020. PayPal’s U.S. dollar-backed stablecoin, PYUSD, is now…
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed…
August 27, 2024 at 08:35 AM GST 2 mins read News PYUSD sees 271% growth on Solana, which accounts for 88% of its adoption and 64% of its market share, surpassing Ethereum. Solana’s low transaction costs and instant settlements make it a key driver of PYUSD’s growing adoption in decentralized finance. Solana’s token extensions provide…
August 23, 2024 at 06:17 PM GST updated: August 23, 2024 at 01:11 PM 2 mins read News PayPal partners with Anchorage Digital to offer PYUSD holders interest rewards, boosting adoption amid regulatory challenges. PYUSD expands beyond Ethereum to Solana, enhancing transaction speed and utility for merchants worldwide. PayPal’s Xoom adds PYUSD for fee-free international…
Anchorage Digital has launched its first stablecoin rewards program for Paypal USD (PYUSD) holders, offering institutions a secure way to earn rewards. Available through Anchorage Digital’s platform and the Porto self-custody wallet, the program emphasizes security by avoiding rehypothecation, staking, or lending. Anchorage Digital and Paypal Unveil Secure Rewards Program for PYUSD Holders Anchorage Digital…
Anchorage Digital, a leading institutional-grade crypto platform, has launched a reward program for institutional investors holding PYUSD on its platform or in its self-custody wallet Porto, according to an Aug. 22 statement. The company announced that institutions using its services or Porto can now earn “competitive rewards” on their PYUSD holdings. Unlike other reward programs…
The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth Driven by Tether and PYUSD Between Aug. 9 and Aug. 18, 2024, the stablecoin economy expanded by…
It has just achieved a new milestone, becoming the sixth-largest dollar-pegged token. Now PYUSD is officially ahead of USDD, Tron’s stablecoin. The cryptocurrency market is mired in neutral sentiment, with only little rebounds sprinkled. The market leader in cryptocurrencies, Bitcoin, has increased its value by about 2% since yesterday, eyeing the $60,000 mark. Nevertheless, today’s…