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...
Stablecoins, as their name implies, offer the benefits of cryptocurrency without the volatility. And with Visa having launched on April 25 the Visa Onchain Analytics Dashboard to showcase how fiat-backed stablecoins move via public blockchains globally, the stablecoin category is increasingly top of mind for CFOs...
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 Thursday (Oct. 3) news release. Coinbase Prime is a brokerage platform that facilitates trades, custody and prime services, according to the platform’s website. “An increasing […]
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...
May 29, 2024
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...
