usually a 1:1 dollar peg, are commonly used by crypto traders to move funds between tokens. Their use has grown rapidly in recent years, and proponents like PayPal say that they could be used to send ...

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 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).

Crypto exchange Coinbase (COIN) said it will introduce free conversions between PayPal’s dollar-pegged stablecoin, PYUSD, and the U.S. currency in a move aimed at accelerating the shift toward ...

The move is part of a joint effort by Coinbase and PayPal to increase the adoption of PayPal's stablecoin, called PYUSD, which it launched in 2023. PayPal says the integration with Coinbase will ...