tl;dr
PayPal's stablecoin PYUSD is set to launch on the Solana blockchain, a year after its debut on Ethereum. Despite its small size with around 8,600 holders and a market cap of nearly $400 million, the move may attract new interest to the cryptocurrency. PayPal's Senior Vice President of Blockchain, Jo...
html
PayPal's stablecoin PYUSD is set to launch on the Solana blockchain, a year after its debut on Ethereum. Despite its small size with around 8,600 holders and a market cap of nearly $400 million, the move may attract new interest to the cryptocurrency. PayPal's Senior Vice President of Blockchain, Jose Fernandez da Ponte, highlighted the need for faster and cheaper retail payments, which Solana can provide with its high transaction throughput and lower costs. Additionally, PYUSD on Solana will offer new features, such as enhanced confidentiality for merchant transfers, leveraging the chain's Token Extensions standards.
MoonPay and PayPal partner to enhance crypto adoption in the U.S., focusing on improving user experience. Eisenberg's $110M fraud trial opens, prompting FSI to call for consistent stablecoin regulation. PayPal's Senior Vice President of Blockchain emphasizes the need for cost-effective and high-speed retail payments, emphasizing Solana's advantages for PYUSD.
More about PayPal Holdings Inc
PayPal Holdings, Inc. is an American company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee.
Industry: Trade & Services
Sector: Services-Business Services, NEC
Market Cap: $65.03 billion
PE Ratio: 15.54
Dividend Yield: None
Beta: 4
EPS: 28.0
Price/Book: 0.143
Shares Outstanding: 3.04 billion
Revenue: $30.43 billion
Net Income: $7.578 billion
Debt/Equity: 0.186
Current Ratio: 0.094