Fireblocks Launches $1M Grant Program to Promote Paypal’s PYUSD Adoption

October 25, 2024 Bitcoin.com

Fireblocks Launches M Grant Program to Promote Paypal’s PYUSD Adoption

bitcoin.com

Fireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a […]

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Fireblocks launches $1M grant program to boost PYUSD developer adoption

October 24, 2024 Coin Telegraph

Fireblocks launches M grant program to boost PYUSD developer adoption

Coin Telegraph

As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.

Digital assets management platform Fireblocks has announced the launch of a $1 million grant program for companies building blockchain-based projects using the PayPal USD (PYUSD) stablecoin.

Qualifying projects will be eligible for up to $60,000 in grants as part of the program, which was extended on Oct. 24 after an extensive beta period with payment companies KoraPay and Bridge.

“Our pilot has already shown the transformative impact PYUSD can have, and we look forward to seeing businesses create real-world use cases that take advantage of what stablecoins can offer,” said Ran Goldi, the senior vice president of payments and networks at Fireblocks, in an announcement.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Paxos Launches New Stablecoin Payments Platform With Stripe as First Customer

October 16, 2024 Bitcoin.com

bitcoin.com

Paxos, a regulated tokenization infrastructure platform, has unveiled its new stablecoin payments platform, with Stripe as its inaugural customer. This innovative solution powers Stripe’s Pay with Crypto product, enabling merchants to seamlessly accept stablecoin payments. By leveraging Paxos’ comprehensive infrastructure for onboarding, pay-ins, conversions, and payouts, businesses can reduce costs and expand their international reach […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Paypal Completes First Corporate Transaction Using PYUSD Stablecoin

October 6, 2024 Bitcoin.com

bitcoin.com

Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report

October 4, 2024 The Daily Hodl

Altcoins

Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin it launched last year. Bloomberg reports that on September 23rd, the San Francisco-based company used PayPalUSD (PYUSD) to pay an invoice to the Big Four accounting firm Ernst & Young. Paypal settled the undisclosed amount using SAP digital currency hub, a […]

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Tether and Four Other Stablecoins Set To Lose $625,000,000 in Interest Income Following Fed Pivot: CCData

September 30, 2024 The Daily Hodl

Tether and Four Other Stablecoins Set To Lose 5,000,000 in Interest Income Following Fed Pivot: CCData

Blockchain

The stablecoin industry will have to weather significant losses in interest income following the Federal Reserve’s latest rate cut, a new report from CCData shows. In its latest report on stablecoins and central bank digital currencies (CBDCs), the digital asset data and index provider notes that the vast majority of the top five stablecoin issuers’ […]

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC

September 16, 2024 Bitcoin.com

Fiat-Pegged Crypto Market Expands by .39B in Past Week, Led by USDT and USDC

Altcoins

Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

August 30, 2024 The Daily Hodl

Blockchain

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 […]

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

PayPal’s PYUSD stablecoin hits $1B market cap

August 26, 2024 Coin Telegraph

PayPal’s PYUSD stablecoin hits B market cap

Anchorage

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.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

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

August 26, 2024 Bitcoin.com

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

bitcoin.com

On 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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