Cryptocurrency exchange Coinbase is expanding the ways businesses can pay. PayPal paid invoices to EY using the PayPal USD (PYUSD) stablecoin deposited into EY’s Coinbase Prime account, according to a Thursday (Oct. 3) news release. Coinbase Prime is a brokerage platform that facilitates trades, custody...
Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale new regulated tokens, Bloomberg reported Wednesday (June 12), citing an email sent to Paxos employees...
Singapore-based financial institution Triple-A is adding PayPal’s PYUSD stablecoin to its payment services. The move, announced Wednesday (May 29), will let the company’s clients accept the stablecoin as a payment method, and facilitate cross-border payments using the stablecoin. As Triple-A notes in a news release, PYUSD — launched last August and issued by Paxos...
PayPal says its stablecoin — PayPal USD (PYUSD) — is now available on the Solana blockchain. The move is designed to make the stablecoin faster and cheaper to use, giving users the choice of multiple blockchains for more flexibility and control, according to a Wednesday (May 29) news...
November 13, 2024
The PayPal USD (PYUSD) stablecoin now uses LayerZero’s Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the companies said in a Tuesday (Nov. 12) press release. “We believe that PYUSD holders will welcome the flexibility and convenience offered by LayerZero,” Jose Fernandez da […]
October 03, 2024
Cryptocurrency exchange Coinbase is expanding the ways businesses can pay. PayPal paid invoices to EY using the PayPal USD (PYUSD) stablecoin deposited into EY’s Coinbase Prime account, according to a...
June 12, 2024
Stablecoin issuer Paxos has laid off 65 people, amounting to about 20% of its workforce. These cuts come at a time when the company is working to launch and scale...
May 29, 2024
Singapore-based financial institution Triple-A is adding PayPal’s PYUSD stablecoin to its payment services. The move, announced Wednesday (May 29), will let the company’s clients accept the stablecoin as a payment method, and facilitate cross-border payments using...
