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PayPal Holdings (NasdaqGS:PYPL) Expands Partnership With Coinbase To Enhance PYUSD Adoption
Recent expansion efforts highlight the partnership between PayPal Holdings (NasdaqGS:PYPL) and Coinbase Global to advance the adoption of the PayPal USD stablecoin, PYUSD, which has likely added positive sentiment to PayPal’s shares.
PayPal to Pay 3.7% Annual Yield on Stablecoin PYUSD to Encourage Broader Use
Launched in 2023, PYUSD is issued by Paxos Trust and backed by reserves like U.S. Treasuries. Despite PayPal’s brand recognition, PYUSD’s market share remains small — about $868 million — compared to market leader Tether’s $143 billion USDT, according to RWA.xyz data.
Cryptopolitan on MSN4h
Coinbase drops fees on PayPal’s PYUSDCoinbase, the largest publicly traded cryptocurrency exchange, announced today that it will waive transaction fees for PayPal ...
Coinbase will offer 1:1 PYUSD to USD conversions with no platform fees as part of this extended agreement. Users can buy, ...
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 ...
The district’s end-of-year reserve balances are projected at 15% this year; 13.1% next year; 12.3% on June 30, 2027; and 13% on June 30, 2028, under the expected cost-of-living adjustments, and a ...
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On today's episode of CNBC Crypto World, bitcoin briefly crosses $94,000 for the first time since March 3. Plus, PayPal plans ...
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