Stellar's Denelle Dixon on PayPal launching its stablecoin on the foundation's blockchain
Denelle Dixon, CEO of the Stellar Foundation, discusses PayPal's launch of its stablecoin, PYUSD, on the foundation's blockchain network.
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Stellar's Denelle Dixon on PayPal launching its stablecoin on the foundation's blockchain
Denelle Dixon, CEO of the Stellar Foundation, discusses PayPal's launch of its stablecoin, PYUSD, on the foundation's blockchain network.
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PayPal plans to make its stablecoin available on the Stellar network
PayPal (PYPL) announced plans to make the PayPal USD stablecoin available on the Stellar network pending regulatory approval by the New York State Department of Financial Services, or NYDFS. Stellar is a blockchain designed for fast, low-cost payments and real-world utility. By potentially expanding to Stellar, PYUSD leverages the network's speed, low transaction costs, and ease of integration to enhance its utility for real-world payments, commerce, and micro-financing, offering an additional option to Ethereum and Solana. PYUSD on Stellar can be used for fast, affordable cross-border payments and expanded access to essential financial services while bridging the digital and physical world with a vast array of on and off ramps. Users may also benefit from improved daily payment options and financing solutions such as working capital and business loans – use cases already thriving on the Stellar network – ultimately enabling a more seamless flow of value across global markets. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on PYPL: Disclaimer & DisclosureReport an Issue PayPal Stockholders Approve Key Proposals at Annual Meeting PayPal named commerce partner by Selfbook Nvidia, Microsoft, AT&T, PayPal, Walmart: Major Stock Moves! Buy/Sell: Wall Street's top 10 stock calls this week Perplexity AI Reports Explosive Growth as Users Look for Browser Alternatives Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
