Press Release: PayPal Launches U.S. Dollar Stablecoin - Aug 7, 2023 - News
Aug 7, 2023 · To address that emerging potential, PayPal (NASDAQ: PYPL) today announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents.
PayPal USD Stablecoin Now Available on Solana Blockchain, …
SAN JOSE, Calif., May 29, 2024 / PRNewswire / -- At Consensus 2024, PayPal Holdings, Inc. (NASDAQ: PYPL) announced that PayPal USD (PYUSD) is now available on the Solana blockchain, making PayPal's stablecoin faster and cheaper to use.
PayPal PYUSD To Bring Speed and Reduced Costs to Cross-Border …
Nov 19, 2024 · Today PayPal announced it will be enabling disbursement partners to use PayPal USD (PYUSD) to settle cross-border money transfers made with Xoom.
Using the PayPal Stablecoin, PayPal USD for Commerce - PayPal …
Jan 25, 2024 · In August 2023, PayPal announced the launch of PayPal USD (PYUSD), a U.S. dollar denominated stablecoin designed for payments. PYUSD is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents and is …
PayPal launches PYUSD stablecoin backed by the US dollar
Aug 7, 2023 · PayPal is launching its own stablecoin: PayPalUSD (PYUSD). The company says the cryptocurrency token is “fully backed by U.S. dollar deposits” and can be bought or sold on PayPal’s app or...
PayPal launches PYUSD stablecoin for payments and transfers
Aug 7, 2023 · Eligible U.S. PayPal customers who purchase PYUSD will be able to transfer PYUSD between PayPal and compatible external wallets, send person-to-person payments using PYUSD, fund purchases with...
PayPal steps into the future with bold stablecoin innovation
4 days ago · Premium News. Earnings. Tech. Housing. Crypto. Markets. Stocks: Most Actives. Stocks: Gainers. ... the discussion highlighted PayPal's journey from enabling crypto purchases to launching PYUSD ...
PayPal Launches US Dollar Stablecoin PYUSD for Payments, …
Aug 7, 2023 · PayPal USD (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based payments company said...
PayPal’s PYUSD stablecoin is now available on Venmo
Sep 20, 2023 · 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...
PayPal launches first dollar-backed stablecoin from a major U.S ...
Aug 7, 2023 · The new asset, called PayPal USD (PYUSD), was designed to address the “emerging potential” to “transform payments in web3 and digitally native environments.” PayPal on Monday launched a U.S....