PayPal is doubling down on crypto. The payments giant just revealed a new checkout feature that lets U.S. merchants accept payments in over 100 cryptocurrencies, including Bitcoin, Ethereum, Solana, and major stablecoins like USDT and USDC.
Over the past week, nearly $5 billion in new liquidity has flowed into the stablecoin ecosystem, led by supply spikes in Sky’s USDS and Ethena’s USDe. As the market adjusts to a new phase of federal oversight, competition among dollar-pegged tokens appears to be entering a critical phase.
Just born, PayPal's stablecoin PYUSD is a hit on Solana, defying all initial predictions and skeptics.
With Solana, PayPal USD promises fast and cheap transactions, solidifying PayPal in the fintech sector.
PayPal is committed to an ecological approach by offering rewards to Bitcoin miners promoting responsible practices.
In a bold move that combines the efficiency of traditional finance with the innovation of blockchain technology, PayPal is opening new horizons in the field of cross-border money transfers. Its American users can now use the PayPal USD stablecoin (PYUSD), its dollar-backed crypto, to fund international transfers without incurring transaction fees through the Xoom service.