You are the company you keep. And that old adage is good news for stablecoins, the digital currencies pegged to traditional fiat currencies like the U.S. dollar, which have been gaining traction in recent years — in large part because, by being tied to fiat...
PayPal USD (PYUSD) has made its debut on Venmo, offering select users a regulated, dollar-denominated stablecoin that is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents. This move aims to provide a stable form of digital value that connects fiat dollars to...
October 03, 2024
PayPal has reportedly completed its first business payment with its in-house stablecoin. This was done to show how digital currencies could be used to improve upon what are often muddled commercial transactions, Bloomberg News reported Thursday (Oct. 3), citing interviews with company officials. The payment — PayPal did not disclose the amount — was to accounting giant Ernst […]
September 20, 2023
PayPal USD (PYUSD) has made its debut on Venmo, offering select users a regulated, dollar-denominated stablecoin that is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries and similar cash equivalents. This...
