eBay CEO, John Donahoe said the company is considering possibilities of bitcoin integration with PayPal.
PayPal’s PYUSD stablecoin has expanded to the Arbitrum network, becoming the first layer-2 blockchain integration for the dollar-pegged cryptocurrency. This move aims to reduce transaction costs and improve processing speeds.
OKX has integrated PayPal as a payment option for its European users, simplifying crypto purchases across the EEA with a limited-time zero-fee offer.
Leading international payment firm PayPal is set to introduce a 3.7% yield on PYUSD for US users to drive adoption of its stablecoin.
PayPal has added support for Solana (SOL) and Chainlink (LINK) in the US, allowing users to buy, sell, and hold these assets directly.
Despite market challenges, PayPal remains committed to expanding PYUSD’s use cases, positioning it as a reliable payment solution for merchants worldwide.
PYUSD’s integration into Cardano enhances DeFi liquidity, providing users with new stablecoin options and increasing cross-chain transaction potential.
PayPal has integrated LayerZero with its USD stablecoin (PYUSD) for faster transfers between Ethereum and Solana.
OKX has added support for PayPal’s stablecoin PYUSD to be traded alongside USDT and USDC starting Thursday, October 3.
PayPal deployed PYUSD on Solana earlier in the year, and the executive just revealed why.
The stablecoin’s ability to manage its supply in response to market changes demonstrates its adaptability.
The rollout of Global Retail Services builds on a series of key accomplishments for Crypto.com.
Bitget believes that PayPal’s involvement in the stablecoin market will significantly boost global awareness and help bring the industry into the mainstream.
PYUSD ranks as the fourth-largest centralized stablecoin issuer after Tether (USDT), Circle (USDC), and First Digital (FUSD).
Currently, PYUSD has a trading volume of $16.7 million, up by more than 140% in the last 24 hours.
The PYUSD weekly transaction volumes have exceeded $500 million by the end of the last month. To give context, this is more than 3x of the $150 million weekyl trading volumes seen previously.