US SEC quietly closes PayPal’s PYUSD inquiry

When PayPal rolled out its own dollar-tied stablecoin, PYUSD, back in August 2023, it was ready to compete with the likes of Tether and Circle, only for the US Securities and Exchange Commission to start probing the company for issuing the stablecoin.

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Tether Co-Founder Sizes Up PayPal’s Stablecoin Ambitions

Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.

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Rep. Maxine Waters criticizes PayPal’s stablecoin, demands regulation on par with financial institutions

Democratic U. S. Congresswoman and House Financial Services Committee Ranking Member Maxine Waters criticized PayPal’s stablecoin on Aug. 9. Waters said in a statement: “I am deeply concerned that PayPal has chosen to launch its own stablecoin while there is still no Federal framework for regulation, oversight, and enforcement of these assets.

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PayPal USD Debut: Why Its New Stablecoin Is Triggering Apprehension

PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such as “purchasing, vending, retaining, and transferring” the token using the payment processor’s interface.

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PayPal launches a US Dollar stablecoin on the Ethereum blockchain

Key takeaways Fintech firm PayPal has launched a stablecoin on the Ethereum blockchain. The stablecoin is backed by the US Dollar and was launched in partnership with Paxos. PayPal joins the stablecoin train Silicon Valley-based payments firm PayPal announced on Monday, August 7th, that it had launched a US Dollar stablecoin.

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PayPal pauses Stablecoin development amid regulatory crackdown

Fintech giant PayPal has paused the work on its upcoming stablecoin due to the current regulatory environment in the crypto industry.  Its stablecoin development partner Paxos is currently facThe post PayPal pauses Stablecoin development amid regulatory crackdown appeared first on AMBCrypto.

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PayPal Draws Closer To Highly-Anticipated Stablecoin Launch As It Looks To Edge Out BTC Transaction Volume

A trail of codes from an internal hackathon hosted in November has revealed possible hints of the plan for Stablecoin adoption by the global payments giant, PayPal. The trail of codes first noticed by Steve Moser, a renowned developer, inside its native iOS application revealed that the company may likely delve into a native Stablecoin […]

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PayPal is exploring the possibility of launching its stablecoin, but here's the catch

PayPal is a global e-commerce payments platform founded in 1998 by Peter Thiel, Luke Nosek, and Max Levchin. It was originally known as Confinity Inc. The U.S.-based software service merged with Elon The post PayPal is exploring the possibility of launching its stablecoin, but here's the catch appeared first on AMBCrypto.

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PayPal reportedly confirms plans to explore the launch of a stablecoin

The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.

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PayPal Reportedly Discussing Its Own Stablecoin

Online payment operator PayPal is hitting the newswire today, reportedly discussing the creation of their own fiat-backed stablecoin. Adoption of broader mainstream crypto within major companies continues to grow, exemplified by this and other recent company discussions, such as eBay CEO Jamie Lannone discussing new potential payment options and potential utilization of NFTs in recent […]

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PayPal Is Reportedly Exploring Issuing A Stablecoin

Last fall, the world’s largest payments processor PayPal partnered with Paxos to allow users to buy, hold and sell bitcoin, ethereum, litecoin, and bitcoin cash — and the demand for its crypto service has so far exceeded the company’s expectations.

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Payments Giant PayPal Now Reportedly Working on its Own Stablecoin

PayPal continues to integrate crypto deeper and deeper into its system as it explores the different potential of digital currencies. The post Payments Giant PayPal Now Reportedly Working on its Own Stablecoin first appeared on BitcoinExchangeGuide.

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Paxos seeks approval to become fully-regulated crypto bank

The stablecoin issuer and PayPal partner wants to increase its range and scope of services by becoming the first crypto services provider to be regulated at both state and federal levels.

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PayPal’s Bitcoin Adoption Expands PAX Stablecoin by $100 Million

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First Mover: PayPal Rushes in and Bitcoin Breaches $12K, While USDC Gains on Tether

PayPal gets conditional N.Y. state license for crypto. Bitcoin prices shoot past $12K. Dollar stablecoin USDC grabs market share from tether.

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PayPal to Reportedly Offer Crypto Trading Through Paxos Partnership

PayPal reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos.

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Paypal Pullout Prompts Pornhub to Add Tether as Payment Option for Its Adult Models

The porn industry is seen by many as a perfect fit for widespread cryptocurrency usage as it suffers from financial censorship far more than most businesses. When Paypal stopped servicing Pornhub models, the company hinted it might turn to digital currency as an alternative and now this has been accomplished with the Tether stablecoin USDT.

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Pornhub adds support for Tether following PayPal’s ban last year

Pornhub, a leading adult entertainment website, recently began supporting a new cryptocurrency payment method after PayPal ended support for the company’s models last year. Pornhub’s management notes that it will now accept major stablecoin Tether, which maintains a one-to-one peg with the US dollar and currently has a market capitalization of over $4.

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Pornhub Adds Tether Stablecoin as New Crypto Payment Option

Pornhub adds Tron-based USDT as an alternative payment option to PayPal, which abruptly stopped servicing its models in late 2019

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Pornhub Now Lets Models Get Paid With the Tether Stablecoin

Pornhub has added new performer payment options including the tether (USDT) stablecoin, two months after being apparently dropped by PayPal.

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Regulatory Backlash Against The Libra Association May See Founding Member PayPal Exit

Not only is Facebook’s cryptocurrency Libra is facing a backlash from regulators, but there is also news that PayPal is very close to leaving the 28-company coalition meant to help Libra gain legitimacy and come to fruition.

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PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

PayPal reportedly cautious about the fate of Facebook’s planned stablecoin Libra

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Facebook’s stablecoin might bring ‘whole different way that doesn’t rely on social network in China’

Social media giant Facebook’s ambitious cryptocurrency project with some big names as partners has garnered significant attention. Facebook signed a dozen companies including big shots like Uber, PayPal, and Visa for the much-hyped stablecoin.

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CNBC’s Ran NeuNer turns 180 on Facebook’s GlobalCoin; calls Zuckerberg an ‘unelected dictator’

The crypto-market has long been preparing to welcome Facebook and its pet crypto-project. The social media giant continues to expand its reach after receiving backing from Visa, Mastercard, PayPal, and Uber.

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Secret Sources Say Facebook Could Unveil Its Crypto Stablecoin As Soon As The Third Quarter

Anonymous Sources Believe Facebook Could Unveil Its Stablecoin As Soon As The Third Quarter In a recent article released by Bloomberg on May 8, they informed that anonymous sources believe that Facebook could release its stablecoin as soon as Q3, 2019.

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Facebook’s Secret Cryptocurrency Led by PayPal Alumni Just ‘Months Away’ from India Launch

By CCN: Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and family as well as integrating with major e-commerce players.

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Havven, Already On Ethereum, Readying Stablecoin For Use On EOS

Havven, an Ethereum blockchain-based cryptocurrency payment network designed to function like PayPal or credit card networks, is now attempting to gain traction with its stablecoin.

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PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

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PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

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Yes, Stablecoins Can Secure Official Audits from Major Firms

“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.

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