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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 ...

PayPal is rolling out its PYUSD stablecoin in 68 additional countries beyond the US and UK, aiming to reduce cross-border fees and offer rewards on holdings. Payments giant PayPal is expanding access ...

The feature is already active, according to PayPal’s head of crypto, May Zabaneh, who confirmed the arrangement to Fortune and said it relies on PayPal’s existing payouts system. YouTube has long used ...

Payments giant PayPal has partnered with decentralised finance (DeFi) platform Spark to inject $1 billion in liquidity into PYUSD, its dollar-backed stablecoin. The partnership signals PayPal’s ...

PayPal is upping the ante in the stablecoin wars as it’s set to begin offering U.S. users 3.7% annual returns on balances of its PayPal USD (PYUSD) stablecoin. The yield, accrued daily and paid ...

PYUSD will be used to support USD.AI’s onchain financing for AI infrastructure, including GPUs and data centers. A one-year incentive program will offer 4.5% yield on up to $1 billion in customer ...

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 ...