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Tether onboards head of government affairs from PayPal

Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.

Stablecoin issuer Tether announced that Jesse Spiro will join the firm as its head of government affairs after three years at PayPal.

In a Sept. 13 notice, Tether said Spiro would be responsible for “leading policy and engagement efforts with lawmakers, regulators, and key stakeholders” in his role at the company. He was the head of regulatory relations for PayPal’s blockchain and crypto business from 2021 to 2024 and worked at Chainalysis for more than two years in roles concerning policy and government affairs. 

According to Tether CEO Paolo Ardoino, Spiro’s appointment was part of Tether’s “commitment to responsible innovation” in the crypto space. Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem.

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Payment Processors Paypal and Venmo Now Support ENS Domains

Payment Processors Paypal and Venmo Now Support ENS DomainsEthereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that […]

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Total Stablecoin Market Cap Rises for 11th Consecutive Month Amid PayPal USD Growth: CCData

Total Stablecoin Market Cap Rises for 11th Consecutive Month Amid PayPal USD Growth: CCData

The total market capitalization of stablecoins has been increasing for nearly a year now, according to blockchain analytics firm CCData.  In a new report, CCData says the total market cap of stablecoins rose by $169 billion in August, up by 2.89% from last month. The increase marks the 11th time in a row that the […]

The post Total Stablecoin Market Cap Rises for 11th Consecutive Month Amid PayPal USD Growth: CCData appeared first on The Daily Hodl.

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Crypto.com Adds Paypal as Payment Option in US for Crypto Purchases

Crypto.com Adds Paypal as Payment Option in US for Crypto PurchasesCrypto trading platform Crypto.com has integrated Paypal as a payment method for U.S. users to buy cryptocurrencies, enabling transfers between Paypal and Crypto.com wallets. “Further integrating traditional and digital payment capabilities is critical to the continued mainstreaming of cryptocurrencies,” said Crypto.com’s president. Crypto.com Integrates Paypal for Crypto Purchases Cryptocurrency trading platform Crypto.com announced on Wednesday […]

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PayPal’s PYUSD stablecoin hits $1B market cap

PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.

PayPal’s US dollar-pegged stablecoin, PayPal USD, has surpassed $1 billion in total market capitalization, according to data from CoinMarketCap.

Launched in 2023, PayPal USD (PYUSD) is backed 1:1 by US dollars and is issued by Paxos Trust Company, a US-regulated crypto custodian. It competes with other regulated, dollar-backed stablecoins such as Circle Internet Financial’s USD Coin (USDC).

“The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said Dan Schulman, PayPal’s president and CEO, in a 2023 statement.

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Paypal’s PYUSD Stablecoin Reaches $1 Billion Market Cap in Just Over a Year

Paypal’s PYUSD Stablecoin Reaches  Billion Market Cap in Just Over a YearOn Aug. 26, Paypal’s PYUSD stablecoin hit the $1 billion mark for the first time since its launch in August 2023. Initially rolled out on Ethereum, PYUSD has seen a significant shift, with most of its tokens now issued on Solana. Paypal’s PYUSD Surpasses $1 Billion Market Cap Recent data shows that the market cap […]

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Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

Paypal’s PYUSD Supply Swells by 0.9M in 10 Days, Becomes Sixth Largest StablecoinAccording to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over […]

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Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions

Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With RedemptionsOver the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops […]

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Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes

Paypal Launches Global Hackathon With 40,000 PYUSD in PrizesPaypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon aims to foster innovation and the adoption of PYUSD on Solana. Paypal Announces Global PYUSD Hackathon […]

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Stablecoin Market Expands by $344M in 7 Days, Led by Paypal’s PYUSD Growth

Stablecoin Market Expands by 4M in 7 Days, Led by Paypal’s PYUSD GrowthWhile the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum […]

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