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Paxos’ accidental minting of $300 trillion PYUSD on Wednesday, while undoubtedly concerning, serves as a case study as to why blockchain could shine in traditional banking. On Wednesday, Paxos mistakenly minted $300 trillion worth of the PayPal USD (PYUSD) stablecoin, describing it as an “internal t…
Crypto’s center of gravity is shifting from speculation to services. PayPal is opening the door to peer-to-peer (P2P) cryptocurrency transfers, building on its growing presence in digital assets. Its stablecoin, PYUSD, has already surpassed $1 billion in market capitalization.Google is piloting a pa…
American multinational financial technology company PayPal has announced a new peer-to-peer (P2P) feature called "Links," which makes it possible for users to transfer money with the help of a one-time link. The new feature allows dropping the link into any conversation (text, DM and so on). Notably…
1Money, a company building a layer-1 blockchain for stablecoin payments, has secured 34 US money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority.According to a Thursday announcement, the company plans to launch global “stablecoin orchestration se…
Today in crypto, Rakbank has become the first traditional bank in the United Arab Emirates to enable crypto trading for retail users through its mobile app, powered by Bitpanda, legendary hedge fund manager Ray Dalio suggested investors allocate 15% of their portfolio into Bitcoin and gold amid a US…
With Stripe acquiring Bridge and PayPal integrating PYUSD for merchant payments, 2025 is quickly shaping up to be a pivotal year for stablecoins. These moves come amid a surge in stablecoin usage, with more than $33 trillion in transactions processed last year—outpacing traditional networks like Vis…
Paxos has launched a new startup called Paxos Labs to help institutions bring decentralized finance and onchain products directly into their apps and platforms.Paxos Labs was incubated inside Paxos over the past six months as demand has grown from companies looking to connect with DeFi markets and r…
Opinion by: Chris Chung, CEO of TitanWhen Solana launched in 2020, co-founder Anatoly Yakovenko had the grand vision of becoming the Nasdaq on the blockchain — the home for onchain financial markets. Five years later, the memecoin trading activity we’re seeing on Solana is more akin to penny stocks …
Cryptocurrency exchange Kraken is moving to comply with European crypto regulations by preparing to delist five stablecoins, including Tether’s USDt.Kraken will fully delist USDt on March 31 to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA), according to an official ann…
The price of PYUSD saw unexpected fluctuations on the OKX exchange. Market-making bot negligence may have contributed to the instability. Continue Reading:PYUSD Surges to Unusual Levels on OKX Exchange The post PYUSD Surges to Unusual Levels on OKX Exchange appeared first on COINTURK NEWS.
PayPal has partnered with Anchorage Digital to introduce a rewards program for clients holding PayPal's USD stablecoin (PYUSD).
PayPal’s stablecoin, PYUSD, has recently surpassed Tron’s USDD in market capitalization, positioning itself as the sixth-largest stablecoin in the crypto space.