PayPal USD 價格PYUSD

PayPal is set to bring its stablecoin PYUSD to the Stellar blockchain, pending regulatory approval. According to an official announcement , PayPal is bringing its stablecoin PayPal USD ( PYUSD ) to the Stellar ( XLM ) blockchain network, known for its speed and low-cost transactions. The integration is currently pending regulatory approval from the New York State Department of Financial Services. Once live, users will benefit from more options to access and use PYUSD through digital wallets and connections to local banks and cash systems. In addition to expanding consumer access, the integration with Stellar opens doors for new liquidity channels and faster, more efficient capital flows for small and medium-sized businesses. Using Stellar’s real-time settlement features, businesses can access instant working capital in PYUSD to pay suppliers, manage inventory, or cover other expenses. This approach, known as Payment Financing or “ PayFi ,” could be especially helpful for businesses dealing with delayed payments or upfront costs. Liquidity providers on the Stellar network can also support these financing needs, potentially earning returns by funding real-world economic activity. PYUSD was launched initially on the Ethereum ( ETH ) blockchain in August 2023. It was later made available on Solana ( SOL ) in late 2023, and then expanded to Cardano ( ADA ) earlier this year. PayPal’s move to integrate its stablecoin PYUSD with the Stellar blockchain marks the latest step in its growing effort to drive adoption and expand PYUSD’s role in global payments. Most notably, PayPal announced in February that it will enable PYUSD payouts via its Hyperwallet platform by the end of Q2 this year, targeting cross-border payments for vendors and freelancers. In another significant development, Coinbase, the largest U.S. crypto exchange, recently waived fees for PYUSD transactions and introduced seamless 1:1 USD redemptions, improving access for merchants and institutional users. To further incentivize adoption, PayPal will begin offering a 3.7% annual yield—paid monthly—to U.S. users holding PYUSD in PayPal or Venmo wallets.

Paypal CEO Alex Chriss announced today that PayPal plans to bring PYUSD, PayPal’s Stablecoin, into the Stellar network to provide fast and affordable cross-border payments and reach a large group of developers. According to the company press briefing, they are awaiting approval from the NYDFS. Paypal plans to upgrade its Stablecoin for real-world payments, commerce, and micro-financing by leveraging the Stellar network speed, low transactional costs, and ease of integration. Stellar has been designed for speed, low-cost payments, and real-world utility. Chris believes the blockchain technology firm will unlock an additional option to the already existing expansion in Ethereum and Solana. Paypal users will benefit from Stellar’s network infrastructure, which spans 170 countries and has multiple on and off ramps, digital wallets, and integration with local fiat currencies and banking systems. According to the company’s press release , this is ideal for PayPal’s goal of reaching a broader group of developers and opening more opportunities. The target audience is the emerging markets where traditional financial systems can be slow, expensive, or inaccessible. The partnership will also introduce the Payment Financing model ( PayFi ), enabling small and medium-sized businesses (SMBs) that face delayed receivables or prefunding requirements to access real-time working capital in loans directly in PYUSD to their Stellar wallets. Companies can use these funds to settle suppliers, manage inventory, and cover other expenses with the added advantage of instant settlement and transparency. Liquidity providers have been allowed to participate in the financing options and earn returns from real-world activities in addition to speculative trading. May Zabaneh, Vice President of PayPal’s Blockchain, Cryptocurrency, and Digital Currency Group, said stablecoins have long been viewed as crypto killer apps because they combine the power of blockchain with the stability of fiat currencies. He believes that working with Stellar will advance the use of this technology and provide benefits for all users in the key area of cross-border payments. Danelle Dixon, CEO of Stellar Development Foundation, reiterated that Stellar is the network for fast, low-cost, and trusted global payments at scale. He added that bringing PYUSD to over 170 countries would transform stablecoins into practical financial tools that millions of everyday users and merchants can use. He affirmed that the partnership aims to bring stable digital currency to small businesses and individuals in emerging markets all over the globe. Paypal has recently partnered with Gebuana Lhuillier (Philippines) and Yellow Card (Africa) to bypass banking systems, which have access to 3,500 and 25,000 touchpoints, respectively. Analysts believe these partnerships could push PayPal into a remittance choice by cutting fees up to 80% compared to competitors like Western Union and MoneyGram. PYUSD , however, faces challenges such as a crypto reputation for Scams, hacks, and market crashes, which may deter investor confidence. The NYDFS approval may delay the process, citing money laundering and consumer protection concerns. Stellar’s decentralized nature lacks the centralized control that banks and regulators prefer. Also, PYUSD holders on the exchange may face price volatility if redemption partners fail to buy back their tokens. PYUSD faces competition from Circle’s USDC, backed by Goldman Sachs, which already dominates stablecoin markets with $50 billion in circulation. Analysts say that with the pending approval from NYDFS, PYUSD may face a hard head start in competing with giants like USDC and USDT, which already have a competitive edge in the market. Jim Cramer, host of Mad Money on CNBC, said this is a high-risk, high-reward bet. If the NYFDS approves and SMEs flock to PayFi, PayPal stock could soar, but if it stumbles on regulation or adoption, it would render PYUSD a costly disaster. KEY Difference Wire helps crypto brands break through and dominate headlines fast

PayPal introduces stablecoin PYUSD to Stellar for cross-border remittances and payments

PayPal introduces stablecoin PYUSD to Stellar for cross-border remittances and payment financing PayPal announced that it has introduced its stablecoin PYUSD to Stellar for cross-border remittances and payment financing. PYUSD already runs on Ethereum and Solana. This cooperation will enable small and medium-sized enterprises facing delayed accounts receivable or pre-financing requirements to obtain new real-time working capital sources. (CoinDesk)

PayPal said Wednesday that it will release its stablecoin PYUSD on the Stellar blockchain if regulators give it the green light.