PayPal is rolling out a stablecoin for payments and transfers, the company announced on Monday. PayPal USD (PYUSD) is issued by Paxos Trust Company and is backed by U.S. dollar deposits, short-term ...

PayPal will begin offering a 3.7% annual yield on its stablecoin, PayPal USD (PYUSD), for U.S. users starting this summer. The reward, paid in PYUSD, will accrue daily and be distributed monthly.

PayPal announced today that PYUSD, its stablecoin for payments and transfers, is now available on Venmo. PYUSD is available to select users starting today and will be rolling out fully in the coming ...

Paxos mistakenly minted the stablecoins as part of an internal transfer, before it "immediately identified the error and burned the excess PYUSD," the company said in ...

Investing.com--PayPal announced Thursday it has partnered with on-chain capital allocator Spark to grow the liquidity of its stablecoin, PYUSD, to $1 billion within a matter of weeks, according to ...

PayPal officially launched its stablecoin a few days ago PYUSD is not yet available on centralized exchange platforms PayPal stablecoin is currently available via PayPal wallet PayPal, the online ...

PayPal (PYPL) is extending the role of its PYUSD stablecoin into artificial intelligence finance, linking it to onchain funding mechanisms developed by USD.AI, a stablecoin protocol that provides ...

PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August. Payment giant PayPal has received a subpoena from the United ...

Update: This article has been updated to clarify that PYUSD is not exclusive to verified PayPal users and can be transferred across to general crypto users. Since the launch of PayPal’s new stablecoin ...

PayPal has announced that its stablecoin, PYUSD, will be used to fund AI companies through a partnership with USD.AI. USD.AI will utilize PYUSD to provide AI companies with credit and financing for ...