Users of PayPal's overseas money transfer app Xoom will pay no fees if they use the company's stablecoin, PYUSD, for the transfers. The move is a way for PayPal to build out its share of the ...

PayPal is rolling out a stablecoin for payments and transfers, the company announced on Monday. PayPal USD (PYUSD) is issued by Paxos Trust Company and is backed by U.S. dollar deposits, short-term ...

TCS Blockchain recently announced it is working with PayPal USD to help North American trucking and transportation companies settle freight invoices faster and at lower cost using blockchain-based TCS ...

PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August. Payment giant PayPal has received a subpoena from the United ...

Paxos mistakenly minted the stablecoins as part of an internal transfer, before it "immediately identified the error and burned the excess PYUSD," the company said in ...

Update: This article has been updated to clarify that PYUSD is not exclusive to verified PayPal users and can be transferred across to general crypto users. Since the launch of PayPal’s new stablecoin ...

PayPal officially launched its stablecoin a few days ago PYUSD is not yet available on centralized exchange platforms PayPal stablecoin is currently available via PayPal wallet PayPal, the online ...

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 coming ...

PayPal plans to offer 3.7% annual yield on its PYUSD holdings to its U.S. customers in a bid to spur wider adoption and capture the growing stablecoin market. PayPal is planning to offer a 3.7% annual ...