PayPal is rolling out a stablecoin for payments and transfers, the company announced on Monday. PayPal USD (PYUSD) is issued by Paxos Trust Company and is backed by U.S. dollar deposits, short-term ...

PayPal announced today that PYUSD, its stablecoin for payments and transfers, is now available on Venmo. PYUSD is available to select users starting today and will be rolling out fully in the coming ...

Users of PayPal's overseas money transfer app Xoom will pay no fees if they use the company's stablecoin, PYUSD, for the transfers. The move is a way for PayPal to build out its share of the ...

PayPal PYPL announced that it is expanding access to its dollar-backed stablecoin, PayPal USD (PYUSD), to PayPal accounts across 70 global markets. Users can transfer funds internationally with faster ...

During Gary Gensler‘s tenure as chair of the Securities and Exchange Commission, the agency launched several cryptocurrency-related enforcement actions and investigations, arguing that most ...

Update: This article has been updated to clarify that PYUSD is not exclusive to verified PayPal users and can be transferred across to general crypto users. Since the launch of PayPal’s new stablecoin ...

PayPal is adding support for a permissionless version of its PYUSD stablecoin on Tron, Avalanche and several other blockchains via LayerZero and its Stargate Hydra bridge. Payments giant PayPal is ...

Fintech giant PayPal Holdings Inc. (NASDAQ:PYPL) said Tuesday it was committed to boosting cryptocurrency adoption, with a particular emphasis on its PayPal USD (CRYPTO: PYUSD) stablecoin. What ...