I n early August, PayPal launched a U.S. dollar denominated stablecoin designed for digital payments and Web3, and to be compatible with the most widely used exchanges, wallets and Web3 applications.

PayPal's decision to launch its stablecoin comes in response to the growing shift toward digital currencies and the need for a reliable bridge between traditional fiat and the emerging realm of Web3.

PayPal CEO says stablecoin adoption in the US is slow because most people don’t see a clear reason to use them in daily life.

Throwing light on the matter, PayPal CEO Alex Chriss recently noted that widespread use of stablecoins in the U.S. is still a distant reality. This he believes is because of lukewarm consumer interest ...

Stellar jumped 80% in 7 days as PayPal’s PYUSD eyed its blockchain and XLM futures hit US$345M in open interest.

PayPal’s stablecoin sparked conversations over traditional finance’s growing interaction with the crypto space, stablecoin regulations and more. Listen 0:00 6659 ...

Payments giant PayPal has expanded its alliance with digital currency exchange Coinbase to enhance the adoption of the PayPal USD (PYUSD) stablecoin. This move is expected to grant Coinbase's ...

PayPal Holdings Inc. Chief Executive Officer Alex Chriss said adoption of stablecoins in the US still faces significant hurdles and will take time to achieve. “From a consumer standpoint, there ...

The case for PayPal’s ability to affect stablecoin adoption with its new project is strong, as recent statistics show that over 426 million PayPal accounts are currently actively used.

PayPal's stablecoin launched to a lot of fanfare, but thus far it has had tepid adoption from both traders and shoppers. Called PYUSD, the stablecoin has a market capitalization of about $44 million, ...

The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant ...

The launch of PayPal’s stablecoin could be significant for the future of cryptocurrencies, opening up new opportunities and potential for widespread adoption. PayPal alone has 420 million users.