PayPal has launched a new cryptocurrency that is tied to and backed by the US dollar. PayPal USD, issued by Paxos Trust Company, is a type of digital currency called a stablecoin, which differs to ...

Global payments giant PayPal (PYPL) is entering the cryptocurrency market with its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), the company announced on Monday. The Ethereum-based token ...

PayPal is rolling out its first stablecoin as it attempts to capitalize on the “emerging potential” of US dollar-backed digital tokens for consumer payments. The stablecoin, PayPal USD ...

Aug 7 (Reuters) - Payments giant PayPal (PYPL.O), opens new tab said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital ...

On Monday, fintech giant PayPal unveiled the PayPal USD stablecoin, a new dollar-pegged stablecoin issued by Paxos and backed by deposits in dollars, cash, and short-term treasuries. As the name ...

PayPal USD is built on Ethereum and is 1:1 redeemable for US dollars. PayPal USD is built on Ethereum and is 1:1 redeemable for US dollars. PayPal is launching its own stablecoin: PayPalUSD (PYUSD).

Investors who can identify future trillion-dollar businesses ahead of time can achieve remarkable returns. PayPal's massive scale and financials are impressive. Other payments companies have a ...

The SEC has called for stricter regulation of the $124 billion stablecoin market as it cracks down on the crypto industry. The U.S. Securities and Exchange Commission (SEC) has subpoenaed fintech ...

PayPal said it was subpoenaed by the Securities and Exchange Commission over its dollar-pegged cryptocurrency. (FABRIZIO BENSCH/REUTERS) PayPal says in a regulatory filing that it received a ...